Annexon, Inc. (NASDAQ:ANNX) Receives Consensus “Buy” Recommendation From Analysts

Annexon, Inc. (NASDAQ:ANNX) has been assigned a consensus “Buy” recommendation by the six analysts who currently cover the company, reports MarketBeat Ratings. One equity research analyst rated the stock with a sell recommendation and five gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $39.00.

A number of equity research analysts have recently commented on ANNX shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a target price of $39.00 on Annexon shares in a research report on Tuesday, November 2. HC Wainwright began covering Annexon in a research report on Tuesday, November 30. They issued a “buy” rating and a target price of $40.00 on the stock. Cowen reiterated an “outperform” rating on Annexon shares in a Tuesday, Nov. 2, research report. Finally, Zacks Investment Research downgraded Annexon from a “held” rating to a “sell” rating in a Tuesday, January 11 report.

Shares of NASDAQ ANNX opened at $6.94 on Friday. The company’s 50-day moving average price is $10.27 and its 200-day moving average price is $15.60. The company has a market capitalization of $266.32 million, a P/E ratio of -2.28 and a beta of 0.91. Annexon has a 52-week low of $6.84 and a 52-week high of $38.01.

A number of large investors have recently changed their positions in the company. Geode Capital Management LLC increased its stake in Annexon shares by 13.0% during the 4th quarter. Geode Capital Management LLC now owns 480,208 shares of the company worth $5,517,000 after purchasing an additional 55,165 shares during the period. CNA Financial Corp increased its stake in Annexon shares by 16.5% during the 4th quarter. CNA Financial Corp now owns 19,710 shares of the company worth $226,000 after purchasing an additional 2,790 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Annexon during the 4th quarter for a value of approximately $1,159,000. Charles Schwab Investment Management Inc. increased its stake in Annexon shares by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,952 shares of the company worth $2,240,000 after purchasing an additional 4,025 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in Annexon stock during Q4 worth approximately $96,000.

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Annexon Company Profile

Annexon, Inc., a clinical-stage biopharmaceutical company, discovers and develops therapies for autoimmune and neurodegenerative diseases. It focuses on the treatment of body, brain and eye disorders. The Company’s C1q is a classical complement pathway initiator molecule that targets distinct disease processes, such as antibody-mediated autoimmune diseases and complement-mediated neurodegeneration.

See also

Analyst Recommendations for Annexon (NASDAQ:ANNX)

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