Tyme Technologies (TYME) Earns “Buy” Rating from HC Wainwright
HC Wainwright reiterated their buy rating on shares of Tyme Technologies (NASDAQ:TYME) in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a $9.50 price target on the stock, up from their previous price target of $8.00.
A number of other analysts also recently issued reports on TYME. Evercore ISI initiated coverage on shares of Tyme Technologies in a research report on Friday, November 17th. They set an outperform rating and a $7.00 target price for the company. Canaccord Genuity initiated coverage on shares of Tyme Technologies in a research report on Wednesday, January 3rd. They set a buy rating for the company. Finally, BidaskClub raised shares of Tyme Technologies from a sell rating to a hold rating in a research report on Thursday, January 4th.
Shares of Tyme Technologies (NASDAQ TYME) opened at $3.99 on Thursday. The stock has a market cap of $362.70, a P/E ratio of -23.47 and a beta of -0.59. Tyme Technologies has a 1 year low of $2.14 and a 1 year high of $9.50.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Monashee Investment Management LLC acquired a new stake in Tyme Technologies during the 4th quarter worth approximately $128,000. Wells Fargo & Company MN boosted its holdings in Tyme Technologies by 923.9% in the 4th quarter. Wells Fargo & Company MN now owns 29,180 shares of the company’s stock worth $186,000 after acquiring an additional 26,330 shares during the period. Finally, Franklin Street Advisors Inc. NC purchased a new position in Tyme Technologies in the 4th quarter worth approximately $198,000. 2.45% of the stock is owned by hedge funds and other institutional investors.
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About Tyme Technologies
Tyme Technologies, Inc is a clinical-stage biotechnology company. The Company is focused on developing cancer therapeutics that is intended to be broadly effective across tumor types and have low toxicity profiles. The Company’s therapeutic approach is designed to take advantage of a cancer cell’s innate metabolic weaknesses to compromise its defenses, leading to cell death through oxidative stress and exposure to the body’s natural immune system.
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