TG Therapeutics, Inc. (TGTX) Rating Reiterated by SunTrust Banks, Inc.
TG Therapeutics, Inc. (NASDAQ:TGTX)‘s stock had its “buy” rating reaffirmed by research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday. They presently have a $28.00 target price on the biopharmaceutical company’s stock. SunTrust Banks, Inc.’s price target suggests a potential upside of 133.33% from the stock’s current price.
TGTX has been the subject of a number of other reports. FBR & Co reiterated a “buy” rating on shares of TG Therapeutics in a report on Saturday, June 17th. Zacks Investment Research downgraded shares of TG Therapeutics from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. BidaskClub downgraded shares of TG Therapeutics from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 target price on shares of TG Therapeutics in a research report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.40.
Shares of TG Therapeutics (NASDAQ TGTX) remained flat at $12.00 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,184,670 shares. TG Therapeutics has a 52 week low of $4.10 and a 52 week high of $15.35. The stock’s market capitalization is $747.72 million. The firm has a 50-day moving average of $11.83 and a 200-day moving average of $11.33.
TG Therapeutics (NASDAQ:TGTX) last released its earnings results on Wednesday, August 9th. The biopharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.01. The firm had revenue of $0.04 million for the quarter, compared to analyst estimates of $0.04 million. TG Therapeutics had a negative return on equity of 154.02% and a negative net margin of 68,806.59%. Analysts forecast that TG Therapeutics will post ($1.84) EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in TG Therapeutics by 70.2% during the first quarter. FMR LLC now owns 6,451,713 shares of the biopharmaceutical company’s stock worth $75,162,000 after buying an additional 2,660,949 shares in the last quarter. State Street Corp raised its stake in shares of TG Therapeutics by 274.4% in the 2nd quarter. State Street Corp now owns 2,638,683 shares of the biopharmaceutical company’s stock valued at $26,515,000 after buying an additional 1,933,896 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of TG Therapeutics by 20.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,339,166 shares of the biopharmaceutical company’s stock valued at $23,509,000 after buying an additional 398,916 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of TG Therapeutics by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,046,427 shares of the biopharmaceutical company’s stock valued at $20,566,000 after buying an additional 255,844 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in shares of TG Therapeutics by 39.0% in the 2nd quarter. Columbus Circle Investors now owns 1,396,396 shares of the biopharmaceutical company’s stock valued at $14,034,000 after buying an additional 391,975 shares in the last quarter. 49.89% of the stock is owned by hedge funds and other 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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