Tetraphase Pharmaceuticals (TTPH) Stock Price Down 5.3% After Insider Selling
Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) was down 5.3% on Thursday following insider selling activity. The company traded as low as $5.41 and last traded at $5.53. Approximately 1,098,403 shares changed hands during trading, an increase of 159% from the average daily volume of 424,423 shares. The stock had previously closed at $5.84.
Specifically, insider Jacques Dumas sold 7,167 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $6.21, for a total transaction of $44,507.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director L Patrick Gage bought 3,880 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $6.45 per share, for a total transaction of $25,026.00. Following the completion of the acquisition, the director now owns 38,880 shares of the company’s stock, valued at approximately $250,776. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on TTPH shares. Zacks Investment Research upgraded shares of Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, January 12th. HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Tetraphase Pharmaceuticals in a report on Tuesday, December 5th. ValuEngine downgraded shares of Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Tetraphase Pharmaceuticals currently has an average rating of “Hold” and an average target price of $15.15.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last released its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.63) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.63). Tetraphase Pharmaceuticals had a negative net margin of 1,382.33% and a negative return on equity of 88.27%. The firm had revenue of $4.10 million for the quarter, compared to the consensus estimate of $1.59 million. During the same period in the previous year, the company earned ($0.58) earnings per share. The company’s quarterly revenue was up 355.6% on a year-over-year basis. analysts anticipate that Tetraphase Pharmaceuticals Inc will post -2.88 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the third quarter valued at $107,000. Brighton Jones LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the third quarter valued at $108,000. Voya Investment Management LLC increased its holdings in shares of 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 purchasing an additional 3,104 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the second quarter valued at $147,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Tetraphase Pharmaceuticals in the second quarter valued at $162,000. Hedge funds and other institutional investors own 58.57% 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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