Aerovate TherapeuticsAVTE
Market Cap: 57.9M
About: Aerovate Therapeutics Inc is a clinical-stage biopharmaceutical company focused on developing drugs that improve the lives of patients with rare cardiopulmonary disease. The initial focus of the company is on advancing AV-101, a dry powder inhaled formulation of imatinib for the treatment of pulmonary arterial hypertension.
Employees: 51
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
340% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 5
32% more capital invested
Capital invested by funds: $640M [Q4 2023] → $841M (+$201M) [Q1 2024]
27% more funds holding
Funds holding: 63 [Q4 2023] → 80 (+17) [Q1 2024]
20% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2023] → 6 (+1) [Q1 2024]
0.05% less ownership
Funds ownership: 102.14% [Q4 2023] → 102.09% (-0.05%) [Q1 2024]
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
Research analyst outlook
8 Wall Street Analysts provided 1 year price forecasts over the past 6 months
8 analyst ratings
Evercore ISI Group Liisa Bayko | 1%downside $2 | In-Line Downgraded | 18 Jun 2024 |
Wells Fargo Tiago Fauth | 1%downside $2 | Equal-Weight Downgraded | 18 Jun 2024 |
Jefferies Eun Yang | 1%downside $2 | Hold Downgraded | 17 Jun 2024 |
Wedbush Laura Chico | 1,940%upside $41 | Outperform Reiterated | 6 Jun 2024 |
Wedbush Laura Chico | 1,940%upside $41 | Outperform Reiterated | 22 May 2024 |