Aravive Inc (NASDAQ:ARAV) Receives Consensus Rating of “Buy” from Brokerages

Shares of Aravive Inc (NASDAQ:ARAV) have earned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.00.

ARAV has been the subject of several research reports. Zacks Investment Research lowered shares of Aravive from a “buy” rating to a “hold” rating in a research report on Tuesday, May 12th. HC Wainwright restated a “buy” rating and set a $15.00 price target on shares of Aravive in a research report on Thursday, April 30th. Finally, ValuEngine lowered shares of Aravive from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 14th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in Aravive during the first quarter valued at about $83,000. Invesco Ltd. purchased a new stake in Aravive during the first quarter valued at about $96,000. Two Sigma Advisers LP lifted its holdings in Aravive by 105.9% during the first quarter. Two Sigma Advisers LP now owns 160,325 shares of the company’s stock valued at $923,000 after purchasing an additional 82,462 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Aravive by 22.3% during the first quarter. Wells Fargo & Company MN now owns 19,843 shares of the company’s stock valued at $114,000 after purchasing an additional 3,616 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Aravive by 29.1% in the first quarter. Geode Capital Management LLC now owns 87,168 shares of the company’s stock worth $502,000 after buying an additional 19,653 shares in the last quarter. 41.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ARAV traded up $0.70 during trading on Friday, hitting $14.81. The stock had a trading volume of 229,700 shares, compared to its average volume of 173,276. Aravive has a 12 month low of $3.34 and a 12 month high of $15.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 12.36 and a quick ratio of 12.36. The company has a market capitalization of $227.29 million, a PE ratio of -7.88 and a beta of 3.51. The firm has a fifty day moving average of $12.91 and a two-hundred day moving average of $10.65.

Aravive (NASDAQ:ARAV) last posted its earnings results on Wednesday, May 6th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.36). On average, equities analysts expect that Aravive will post -1.91 earnings per share for the current fiscal year.

Aravive Company Profile

Aravive, Inc, a clinical stage biotechnology company, focuses on developing therapies for solid tumors and hematologic malignancies. Its lead candidate is AVB-S6-500, a soluble Fc-fusion protein, which is in Phase 1b/2 clinical trials for the treatment of platinum- resistant recurrent ovarian cancer, as well as for the treatment of clear cell renal cell carcinoma, acute myeloid leukemia, triple negative breast cancer, and pancreatic cancer.

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Analyst Recommendations for Aravive (NASDAQ:ARAV)

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