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Targacept (NASDAQ:TRGT) posted its quarterly earnings results on Thursday. The company reported ($0.40) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.39) by $0.01, AnalystRatings.NET reports. The company had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.59 million.

A number of research firms have recently commented on TRGT. Analysts at MKM Partners downgraded shares of Targacept from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 18th. They noted that the move was a valuation call. On a related note, analysts at Deutsche Bank cut their price target on shares of Targacept from $12.00 to $4.00 in a research note on Tuesday, December 17th.

Targacept (NASDAQ:TRGT) opened at 4.76 on Thursday. Targacept has a 52-week low of $3.75 and a 52-week high of $6.11. The stock’s 50-day moving average is $4.46 and its 200-day moving average is $4.96. The company’s market cap is $160.2 million.

Targacept, Inc is a biopharmaceutical company. The Company is engaged in the design, discovery and development of NNR Therapeutics for the treatment of diseases and disorders of the nervous system.

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