Trillium Therapeutics Inc. (TRIL) Coverage Initiated at HC Wainwright
HC Wainwright assumed coverage on shares of Trillium Therapeutics Inc. (NASDAQ:TRIL) (TSE:TR) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $7.00 price objective on the biotechnology company’s stock.
A number of other research firms also recently weighed in on TRIL. Zacks Investment Research upgraded Trillium Therapeutics from a sell rating to a hold rating in a research report on Thursday, April 6th. Ladenburg Thalmann Financial Services reiterated a buy rating and issued a $18.00 price objective on shares of Trillium Therapeutics in a report on Friday, June 9th. Finally, Cowen and Company reiterated a buy rating on shares of Trillium Therapeutics in a report on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Trillium Therapeutics presently has a consensus rating of Buy and an average target price of $14.95.
Trillium Therapeutics (NASDAQ:TRIL) opened at 4.85 on Monday. Trillium Therapeutics has a 52 week low of $4.15 and a 52 week high of $17.70. The company’s market cap is $38.05 million. The company’s 50-day moving average price is $4.64 and its 200 day moving average price is $5.59.
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A number of large investors have recently added to or reduced their stakes in the stock. Creative Planning increased its stake in Trillium Therapeutics by 1.1% in the second quarter. Creative Planning now owns 26,400 shares of the biotechnology company’s stock worth $116,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN increased its stake in Trillium Therapeutics by 34.1% in the first quarter. Wells Fargo & Company MN now owns 17,700 shares of the biotechnology company’s stock worth $109,000 after buying an additional 4,500 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Trillium Therapeutics by 40.0% in the first quarter. Victory Capital Management Inc. now owns 77,601 shares of the biotechnology company’s stock worth $479,000 after buying an additional 22,171 shares in the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.
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