Aptevo Therapeutics (APVO) Now Covered by Analysts at Roth Capital

Roth Capital started coverage on shares of Aptevo Therapeutics (NASDAQ:APVO) in a research note released on Wednesday morning. The brokerage issued a buy rating and a $12.00 price objective on the biotechnology company’s stock.

Shares of Aptevo Therapeutics stock opened at $3.78 on Wednesday. The firm has a market capitalization of $86.56, a price-to-earnings ratio of -2.47 and a beta of 0.68. Aptevo Therapeutics has a 12-month low of $1.15 and a 12-month high of $4.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.08 and a current ratio of 5.14.

In other Aptevo Therapeutics news, insider Marvin L. White sold 100,000 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $2.93, for a total value of $293,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.60% of the stock is owned by company insiders.



Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC grew its holdings in Aptevo Therapeutics by 87.2% in the 4th quarter. Acadian Asset Management LLC now owns 67,799 shares of the biotechnology company’s stock worth $287,000 after acquiring an additional 31,578 shares during the last quarter. Virtu Financial LLC bought a new stake in Aptevo Therapeutics in the 4th quarter worth $690,000. Victory Capital Management Inc. bought a new stake in Aptevo Therapeutics in the 4th quarter worth $827,000. Finally, Renaissance Technologies LLC grew its holdings in Aptevo Therapeutics by 411.8% in the 4th quarter. Renaissance Technologies LLC now owns 428,400 shares of the biotechnology company’s stock worth $1,816,000 after acquiring an additional 344,700 shares during the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

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About Aptevo Therapeutics

Aptevo Therapeutics Inc is a biotechnology company. The Company is focused on oncology and hematology therapeutics. The Company is engaged in the discovery, development, commercialization and sale of oncology and hematology therapeutics. The Company’s technology is the ADAPTIR (modular protein technology) platform.

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