Tetraphase Pharmaceuticals (TTPH) Cut to Strong Sell at ValuEngine
ValuEngine lowered shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) from a sell rating to a strong sell rating in a research note published on Friday.
Several other research analysts have also weighed in on the company. Stifel Nicolaus reiterated a buy rating and issued a $13.00 price objective on shares of Tetraphase Pharmaceuticals in a research report on Tuesday, September 12th. Piper Jaffray Companies started coverage on Tetraphase Pharmaceuticals in a research report on Monday, August 28th. They issued an overweight rating and a $14.00 price objective for the company. Zacks Investment Research upgraded Tetraphase Pharmaceuticals from a sell rating to a hold rating in a research report on Saturday, October 28th. BMO Capital Markets increased their price objective on Tetraphase Pharmaceuticals from $13.00 to $24.00 and gave the stock an outperform rating in a research report on Wednesday, October 4th. Finally, Needham & Company LLC reiterated a hold rating on shares of Tetraphase Pharmaceuticals in a research report on Sunday, September 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Tetraphase Pharmaceuticals presently has an average rating of Hold and a consensus target price of $15.15.
Tetraphase Pharmaceuticals (TTPH) opened at $6.00 on Friday. Tetraphase Pharmaceuticals has a 52-week low of $3.57 and a 52-week high of $9.93.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last issued its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($0.63) earnings per share for the quarter, hitting the consensus estimate of ($0.63). The company had revenue of $4.10 million during the quarter, compared to analyst estimates of $1.59 million. Tetraphase Pharmaceuticals had a negative return on equity of 88.27% and a negative net margin of 1,382.33%. The firm’s revenue for the quarter was up 355.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.58) earnings per share. analysts predict that Tetraphase Pharmaceuticals will post -2.88 EPS for the current fiscal year.
In other news, Director L Patrick Gage purchased 3,880 shares of the stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average cost of $6.45 per share, for a total transaction of $25,026.00. Following the completion of the transaction, the director now directly owns 38,880 shares in the company, valued at approximately $250,776. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jacques Dumas sold 8,750 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $6.03, for a total value of $52,762.50. Following the transaction, the insider now owns 8,750 shares of the company’s stock, valued at $52,762.50. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTPH. JPMorgan Chase & Co. purchased a new position in shares of Tetraphase Pharmaceuticals during the third quarter worth $7,915,000. Canada Pension Plan Investment Board raised its stake in shares of Tetraphase Pharmaceuticals by 54.4% in the third quarter. Canada Pension Plan Investment Board now owns 2,554,100 shares of the biopharmaceutical company’s stock valued at $17,470,000 after acquiring an additional 900,000 shares in the last quarter. Numeric Investors LLC raised its stake in shares of Tetraphase Pharmaceuticals by 1,363.3% in the second quarter. Numeric Investors LLC now owns 754,364 shares of the biopharmaceutical company’s stock valued at $5,379,000 after acquiring an additional 702,812 shares in the last quarter. EcoR1 Capital LLC acquired a new stake in shares of Tetraphase Pharmaceuticals in the second quarter valued at $4,516,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Tetraphase Pharmaceuticals by 73.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,101,255 shares of the biopharmaceutical company’s stock valued at $7,853,000 after acquiring an additional 466,955 shares in the last quarter. Institutional investors and hedge funds own 58.19% 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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