Tetraphase Pharmaceuticals (TTPH) Coverage Initiated at B. Riley
Stock analysts at B. Riley started coverage on shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $11.00 price target on the biopharmaceutical company’s stock. B. Riley’s price target indicates a potential upside of 102.58% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $17.00 price objective on shares of Tetraphase Pharmaceuticals in a report on Tuesday, February 6th. BidaskClub downgraded Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, January 12th. Finally, ValuEngine downgraded Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.46.
Shares of Tetraphase Pharmaceuticals (NASDAQ TTPH) opened at $5.43 on Monday. The stock has a market capitalization of $265.71, a price-to-earnings ratio of -1.90 and a beta of 2.29. Tetraphase Pharmaceuticals has a 1-year low of $4.91 and a 1-year high of $9.93.
A number of hedge funds and other institutional investors have recently modified their holdings of TTPH. SG Americas Securities LLC purchased a new stake in Tetraphase Pharmaceuticals during the 3rd quarter worth about $107,000. Brighton Jones LLC purchased a new stake in Tetraphase Pharmaceuticals during the 3rd quarter worth about $108,000. Voya Investment Management LLC increased its holdings in Tetraphase Pharmaceuticals by 17.8% during the 2nd quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock worth $147,000 after purchasing an additional 3,104 shares during the period. Virtu KCG Holdings LLC purchased a new stake in Tetraphase Pharmaceuticals during the 2nd quarter worth about $147,000. Finally, Ameriprise Financial Inc. purchased a new stake in Tetraphase Pharmaceuticals during the 2nd quarter worth about $162,000. Institutional investors own 58.28% of the company’s stock.
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Tetraphase Pharmaceuticals Company Profile
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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