HC Wainwright Reaffirms Buy Rating for Tetraphase Pharmaceuticals (TTPH)
HC Wainwright reaffirmed their buy rating on shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) in a research note published on Tuesday. The firm currently has a $17.00 price target on the biopharmaceutical company’s stock.
A number of other brokerages also recently commented on TTPH. Zacks Investment Research downgraded shares of Tetraphase Pharmaceuticals from a buy rating to a hold rating in a research report on Thursday, October 5th. BMO Capital Markets upped their price objective on shares of Tetraphase Pharmaceuticals from $13.00 to $24.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. ValuEngine downgraded shares of Tetraphase Pharmaceuticals from a hold rating to a sell rating in a research report on Friday, September 1st. Needham & Company LLC restated a hold rating on shares of Tetraphase Pharmaceuticals in a research report on Sunday, September 17th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $13.00 price target on shares of Tetraphase Pharmaceuticals in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Tetraphase Pharmaceuticals presently has a consensus rating of Hold and a consensus target price of $15.15.
Shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) traded up $0.31 during trading on Tuesday, reaching $6.15. 539,148 shares of the company’s stock were exchanged, compared to its average volume of 388,858. Tetraphase Pharmaceuticals has a 52 week low of $3.57 and a 52 week high of $9.93.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last announced its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.63) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.63). The company had revenue of $4.10 million during the quarter, compared to the consensus estimate of $1.59 million. Tetraphase Pharmaceuticals had a negative net margin of 1,382.33% and a negative return on equity of 88.27%. Tetraphase Pharmaceuticals’s quarterly revenue was up 355.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.58) EPS. sell-side analysts expect that Tetraphase Pharmaceuticals will post -2.88 earnings per share for the current year.
In related news, Director L Patrick Gage purchased 3,880 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average price of $6.45 per share, for a total transaction of $25,026.00. Following the acquisition, the director now directly owns 38,880 shares of the company’s stock, valued at approximately $250,776. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jacques Dumas sold 8,750 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $6.03, for a total transaction of $52,762.50. Following the completion of the transaction, the insider now owns 8,750 shares of the company’s stock, valued at approximately $52,762.50. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Tetraphase Pharmaceuticals during the 3rd quarter valued at about $107,000. Brighton Jones LLC purchased a new position in Tetraphase Pharmaceuticals during the 3rd quarter valued at about $108,000. UBS Group AG increased its holdings in Tetraphase Pharmaceuticals by 2.3% during the 1st quarter. UBS Group AG now owns 17,269 shares of the biopharmaceutical company’s stock valued at $159,000 after acquiring an additional 387 shares in the last quarter. AXA purchased a new position in Tetraphase Pharmaceuticals during the 2nd quarter valued at about $132,000. Finally, Voya Investment Management LLC increased its holdings in Tetraphase Pharmaceuticals by 17.8% during the 2nd quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock valued at $147,000 after acquiring an additional 3,104 shares in the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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