Asterias Biotherapeutics (AST) Coverage Initiated by Analysts at B. Riley

Investment analysts at B. Riley began coverage on shares of Asterias Biotherapeutics (NYSEAMERICAN:AST) in a research report issued on Thursday. The brokerage set a “buy” rating and a $6.00 price target on the biotechnology company’s stock. B. Riley’s target price would indicate a potential upside of 192.68% from the company’s current price.

AST has been the topic of a number of other research reports. Zacks Investment Research downgraded Asterias Biotherapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. HC Wainwright set a $11.00 target price on Asterias Biotherapeutics and gave the company a “buy” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Asterias Biotherapeutics currently has a consensus rating of “Hold” and an average price target of $8.35.

Shares of Asterias Biotherapeutics (NYSEAMERICAN:AST) opened at $2.05 on Thursday. Asterias Biotherapeutics has a 1 year low of $1.95 and a 1 year high of $4.30. The company has a market capitalization of $111.01, a price-to-earnings ratio of -3.15 and a beta of 1.07.

Several hedge funds have recently bought and sold shares of AST. Millennium Management LLC purchased a new stake in shares of Asterias Biotherapeutics in the 4th quarter valued at $132,000. Deutsche Bank AG raised its holdings in shares of Asterias Biotherapeutics by 110.5% in the 4th quarter. Deutsche Bank AG now owns 66,180 shares of the biotechnology company’s stock valued at $148,000 after buying an additional 34,739 shares during the period. Finally, Virtu Financial LLC raised its holdings in shares of Asterias Biotherapeutics by 387.0% in the 4th quarter. Virtu Financial LLC now owns 71,588 shares of the biotechnology company’s stock valued at $161,000 after buying an additional 56,888 shares during the period.

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Asterias Biotherapeutics Company Profile

Asterias Biotherapeutics, Inc is a biotechnology company. The Company is engaged in developing and commercializing therapies in the fields of cell therapy and regenerative medicine. The Company has over two technology platforms. The first is an immunotherapy platform to teach cancer patients’ immune systems to attack their tumors.

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