Look At Analyst Expectations For A Better Read On Aytu BioScience Inc. (NASDAQ: AYTU)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Aytu BioScience Inc. (NASDAQ:AYTU). The institutional investor has increased its shareholding in the Healthcare company by 637.17% to 4.21 million shares with purchase of 3.64 million shares. This fresh investment now brings its stake to 3.49% valued currently at $5.85 million. In addition, BlackRock Fund Advisors raised its holdings by 0.9 million to 0.92 million shares. And Geode Capital Management LLC has lifted its position by 433.97% or 0.28 million shares – to 0.35 million shares.

    With over 4.07 million Aytu BioScience Inc. (AYTU) shares trading Tuesday and a closing price of $1.10 on the day, the dollar volume was approximately $4.47 million. The shares have shown a negative weekly performance of -9.09% and its price on 09/01/20 gained nearly 3.77%. Currently, there are 120.62M common shares owned by the public and among those 116.08M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for AYTU have a consensus price objective of $2.75. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $2.50 should the stock experience a downside. Incidentally, analysts’ outlook for the Aytu BioScience Inc. stock is 1.50 for the next 12 months. But an upside of 63.33% will see the stock hit the forecast high price target while mean target price for the stock is $2.75.

    Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 15,742,553 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 5,201,698 shares.

    The top 3 mutual fund holders in Aytu BioScience Inc. are Vanguard Total Stock Market Index, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market Index owns 3.55 million shares of the company’s stock, all valued at over $4.93 million. iShares Russell 2000 ETF sold 22372.0 shares to see its total holdings shrink to 0.48 million shares valued at over $0.66 million and representing 0.40% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.25% of the shares outstanding.

    Shares of Aytu BioScience Inc. (NASDAQ: AYTU) opened at $1.03, down -$0.03 from a prior closing price of $1.06. However, the script later closed the day at $1.10, up 3.77%. The company’s stock has a 5-day price change of -9.09% and -27.15% over the past three months. AYTU shares are trading 13.11% year to date (YTD), with the 12-month market performance down to -20.29% lower. It has a 12-month low price of $0.34 and touched a high of $2.99 over the same period. Currently, 4.07 million shares have been traded, compared to an average intraday trading volume of 6.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.38%, -19.27%, and -8.04% respectively.

    Institutional ownership of Aytu BioScience Inc. (NASDAQ: AYTU) shares accounts for 12.60% of the company’s 120.62M shares outstanding. Mutual fund holders own 2.64%, while other institutional holders and individual stakeholders account for 4.56% and 10.63% respectively.

    It has a market capitalization of $135.83M and a beta (3y monthly) value of 0.33. The earnings-per-share (ttm) stands at -$1.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.99% over the week and 4.71% over the month.

    Analysts forecast that Aytu BioScience Inc. (AYTU) will achieve an EPS of -$0.03 for the current quarter, -$0.01 for the next quarter and -$0.13 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was -$0.32 a year ago. Earnings per share for the fiscal year are expected to increase by 77.30%, and 40.90% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Aytu BioScience Inc. (AYTU) as a “Strong Buy” at a consensus score of 1.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the AYTU, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on May 29, 2020, with the firm’s price target at $3.


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