Theravance Biopharma (NASDAQ:TBPH) Given “Neutral” Rating at B. Riley Financial

Theravance Biopharma (NASDAQ:TBPHGet Free Report)‘s stock had its “neutral” rating reaffirmed by equities researchers at B. Riley Financial in a research report issued on Wednesday,Benzinga reports. They currently have a $14.00 target price on the biopharmaceutical company’s stock, down from their prior target price of $28.00. B. Riley Financial’s target price suggests a potential upside of 0.29% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. BTIG Research cut their price objective on shares of Theravance Biopharma from $40.00 to $21.00 and set a “buy” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Theravance Biopharma in a research report on Thursday, January 22nd. Oppenheimer initiated coverage on shares of Theravance Biopharma in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $27.00 price objective for the company. HC Wainwright boosted their target price on Theravance Biopharma from $20.00 to $27.00 and gave the stock a “buy” rating in a report on Monday. Finally, Wall Street Zen lowered Theravance Biopharma from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $22.60.

Check Out Our Latest Stock Analysis on TBPH

Theravance Biopharma Price Performance

Shares of Theravance Biopharma stock opened at $13.96 on Wednesday. Theravance Biopharma has a 1-year low of $7.90 and a 1-year high of $21.03. The business’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $16.88. The company has a market capitalization of $707.35 million, a P/E ratio of 24.49 and a beta of 0.17.

Institutional Trading of Theravance Biopharma

A number of large investors have recently added to or reduced their stakes in the business. Baader Bank Aktiengesellschaft acquired a new position in shares of Theravance Biopharma in the 3rd quarter worth $781,000. Hillsdale Investment Management Inc. acquired a new position in shares of Theravance Biopharma in the 3rd quarter valued at $4,536,000. Inspire Investing LLC purchased a new position in Theravance Biopharma in the 3rd quarter worth about $1,074,000. Assenagon Asset Management S.A. raised its holdings in Theravance Biopharma by 1,629.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 414,715 shares of the biopharmaceutical company’s stock worth $6,055,000 after buying an additional 390,735 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Theravance Biopharma by 76.8% during the 2nd quarter. Acadian Asset Management LLC now owns 308,652 shares of the biopharmaceutical company’s stock worth $3,401,000 after buying an additional 134,058 shares during the period. 99.10% of the stock is currently owned by institutional investors.

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About Theravance Biopharma

(Get Free Report)

Theravance Biopharma is a biopharmaceutical company focused on the discovery, development and commercialization of innovative medicines, primarily in the areas of respiratory disease, inflammatory and immunology, and rare disorders. The company develops small-molecule therapies designed to address unmet medical needs by targeting specific molecular pathways. Its lead marketed product, YUPELRI® (revefenacin) inhalation solution, is the first and only once-daily, long-acting muscarinic antagonist (LAMA) approved by the U.S.

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