Tetraphase Pharmaceuticals (TTPH) Price Target Lowered to $6.00 at Stifel Nicolaus
Tetraphase Pharmaceuticals (NASDAQ:TTPH) had its target price lowered by stock analysts at Stifel Nicolaus from $13.00 to $6.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 10.50% from the company’s current price.
A number of other equities analysts also recently issued reports on the stock. HC Wainwright dropped their price objective on shares of Tetraphase Pharmaceuticals from $17.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley started coverage on shares of Tetraphase Pharmaceuticals in a research note on Monday. They set a “buy” rating and a $11.00 price objective on the stock. Zacks Investment Research upgraded shares of Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. BMO Capital Markets downgraded shares of Tetraphase Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $8.00 price objective on shares of Tetraphase Pharmaceuticals in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Tetraphase Pharmaceuticals has an average rating of “Hold” and a consensus target price of $10.46.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) opened at $5.43 on Wednesday. The company has a market cap of $281.71, a PE ratio of -1.90 and a beta of 2.29. Tetraphase Pharmaceuticals has a one year low of $4.91 and a one year high of $9.93.
A number of institutional investors and hedge funds have recently made changes to their positions in TTPH. SG Americas Securities LLC acquired a new stake in Tetraphase Pharmaceuticals in the third quarter valued at approximately $107,000. Brighton Jones LLC acquired a new stake in Tetraphase Pharmaceuticals in the third quarter valued at approximately $108,000. Voya Investment Management LLC boosted its stake in Tetraphase Pharmaceuticals by 17.8% in the second 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. Virtu KCG Holdings LLC acquired a new stake in Tetraphase Pharmaceuticals in the second quarter valued at approximately $147,000. Finally, Ameriprise Financial Inc. acquired a new stake in Tetraphase Pharmaceuticals in the second quarter valued at approximately $162,000. Institutional investors own 58.28% of the company’s stock.
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Tetraphase Pharmaceuticals Company Profile
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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