BidaskClub upgraded shares of Arbutus Biopharma (NASDAQ:ABUS) from a sell rating to a hold rating in a report issued on Thursday morning.
Several other equities research analysts also recently issued reports on ABUS. Chardan Capital reiterated a buy rating on shares of Arbutus Biopharma in a report on Wednesday, September 13th. Wedbush reiterated an outperform rating and issued a $9.00 price objective on shares of Arbutus Biopharma in a report on Wednesday, September 20th. ValuEngine upgraded Arbutus Biopharma from a sell rating to a hold rating in a report on Thursday, September 21st. JMP Securities reiterated an outperform rating and issued a $13.00 price objective (up previously from $12.00) on shares of Arbutus Biopharma in a report on Wednesday, October 4th. Finally, Leerink Swann reiterated a market perform rating and issued a $5.00 price objective (up previously from $4.00) on shares of Arbutus Biopharma in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $12.50.
Shares of Arbutus Biopharma (ABUS) opened at $5.55 on Thursday. The company has a quick ratio of 11.03, a current ratio of 11.03 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $305.54, a price-to-earnings ratio of -1.12 and a beta of 1.08. Arbutus Biopharma has a 1-year low of $2.35 and a 1-year high of $8.25.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Arbutus Biopharma by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 77,413 shares of the biopharmaceutical company’s stock valued at $279,000 after buying an additional 2,035 shares during the period. OxFORD Asset Management LLP increased its holdings in Arbutus Biopharma by 89.9% during the 2nd quarter. OxFORD Asset Management LLP now owns 83,310 shares of the biopharmaceutical company’s stock worth $300,000 after purchasing an additional 39,436 shares during the period. Victory Capital Management Inc. purchased a new stake in Arbutus Biopharma during the 2nd quarter worth about $478,000. Point72 Asset Management L.P. purchased a new stake in Arbutus Biopharma during the 3rd quarter worth about $1,393,000. Finally, RTW Investments LP increased its holdings in Arbutus Biopharma by 1.1% during the 3rd quarter. RTW Investments LP now owns 5,266,280 shares of the biopharmaceutical company’s stock worth $32,651,000 after purchasing an additional 56,457 shares during the period. Hedge funds and other institutional investors own 59.97% of the company’s stock.
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About Arbutus Biopharma
Arbutus Biopharma Corporation, formerly Tekmira Pharmaceuticals Corporation, is a therapeutic solutions company. The Company is engaged in discovering, developing and commercializing a cure for patients suffering from chronic hepatitis B infection (HBV), a disease of the liver caused by the hepatitis B virus (HBV).
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