TG Therapeutics, Inc. (TGTX) Given “Buy” Rating at HC Wainwright
TG Therapeutics, Inc. (NASDAQ:TGTX)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a research note issued to investors on Tuesday. They currently have a $33.00 price target on the biopharmaceutical company’s stock. HC Wainwright’s price objective points to a potential upside of 300.00% from the company’s previous close.
Other research analysts have also issued research reports about the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $28.00 target price on shares of TG Therapeutics in a research report on Tuesday, October 3rd. BidaskClub upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered TG Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Finally, ValuEngine lowered TG Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $26.78.
Shares of TG Therapeutics (NASDAQ TGTX) opened at $8.25 on Tuesday. TG Therapeutics has a twelve month low of $4.10 and a twelve month high of $15.35.
TG Therapeutics (NASDAQ:TGTX) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.05). The business had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.04 million. TG Therapeutics had a negative return on equity of 151.21% and a negative net margin of 73,217.77%. sell-side analysts anticipate that TG Therapeutics will post -1.79 EPS for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of TGTX. Legal & General Group Plc raised its stake in shares of TG Therapeutics by 4.1% in the 1st quarter. Legal & General Group Plc now owns 9,801 shares of the biopharmaceutical company’s stock worth $113,000 after buying an additional 384 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of TG Therapeutics in the 2nd quarter worth $156,000. Bank of America Corp DE raised its stake in shares of TG Therapeutics by 11.0% in the 1st quarter. Bank of America Corp DE now owns 14,076 shares of the biopharmaceutical company’s stock worth $164,000 after buying an additional 1,395 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of TG Therapeutics in the 1st quarter worth $170,000. Finally, BB&T Securities LLC raised its stake in shares of TG Therapeutics by 63.0% in the 2nd quarter. BB&T Securities LLC now owns 16,949 shares of the biopharmaceutical company’s stock worth $170,000 after buying an additional 6,549 shares in the last quarter. 49.58% of the stock is currently owned by institutional investors.
TG Therapeutics Company Profile
TG Therapeutics, Inc (TG) is a biopharmaceutical company focused on the acquisition, development and commercialization of treatments for B-cell malignancies and autoimmune diseases. As of December 31, 2016, the Company was developing two therapies targeting hematological malignancies. TG-1101 (ublituximab) is a glycoengineered monoclonal antibody that targets a specific epitope on the cluster of differentiation (CD20) antigen found on mature B-lymphocytes.
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