Zacks Investment Research Upgrades vTv Therapeutics Inc. (VTVT) to “Hold”
vTv Therapeutics Inc. (NASDAQ:VTVT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “vTv Therapeutics Inc. is a biopharmaceutical company which is engaged in the discovery and development of orally administered small molecule drug candidates to fill unmet medical needs. Its drug candidate for the treatment of Alzheimers disease includes azeliragon TTP488, which is in Phase III clinical trials; type II diabetes drug candidates include Glucokinase Activator TTP399 and GLP-1r Agonist TTP273 which completed Phase I clinical trials; products for the prevention of muscle weakness and treatment of inflammatory disorders include HPP593, HPP737 and HPP971 which is in Phase1 clinical trials. The Company’s drug discovery platform consists of TTP Translational Technology. vTv Therapeutics Inc. is headquartered in High Point, North Carolina. “
Several other equities analysts have also issued reports on the company. Piper Jaffray Cos. reissued an “overweight” rating and set a $24.00 target price on shares of vTv Therapeutics in a research note on Saturday. HC Wainwright assumed coverage on vTv Therapeutics in a research note on Monday, September 26th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $15.00 price target on shares of vTv Therapeutics in a research report on Friday, August 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. vTv Therapeutics presently has a consensus rating of “Buy” and an average target price of $16.00.
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Shares of vTv Therapeutics (NASDAQ:VTVT) opened at 6.84 on Wednesday. vTv Therapeutics has a 12-month low of $4.84 and a 12-month high of $8.08. The firm’s market cap is $66.28 million. The company’s 50 day moving average price is $6.66 and its 200-day moving average price is $5.97.
vTv Therapeutics (NASDAQ:VTVT) last posted its earnings results on Tuesday, August 16th. The company reported ($0.47) earnings per share (EPS) for the quarter. On average, equities research analysts anticipate that vTv Therapeutics will post ($1.61) EPS for the current year.
Large investors have recently bought and sold shares of the stock. State Street Corp raised its stake in vTv Therapeutics by 37.5% in the second quarter. State Street Corp now owns 84,222 shares of the company’s stock worth $488,000 after buying an additional 22,983 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in vTv Therapeutics by 23.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 96,439 shares of the company’s stock worth $559,000 after buying an additional 18,112 shares during the last quarter. BlackRock Fund Advisors increased its position in vTv Therapeutics by 26.6% in the second quarter. BlackRock Fund Advisors now owns 202,202 shares of the company’s stock worth $1,173,000 after buying an additional 42,520 shares during the last quarter. BlackRock Investment Management LLC increased its position in vTv Therapeutics by 25.3% in the second quarter. BlackRock Investment Management LLC now owns 27,758 shares of the company’s stock worth $161,000 after buying an additional 5,596 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in vTv Therapeutics by 4.1% in the second quarter. Vanguard Group Inc. now owns 288,146 shares of the company’s stock worth $1,671,000 after buying an additional 11,428 shares during the last quarter. 12.84% of the stock is currently owned by institutional investors.
About vTv Therapeutics
vTv Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of orally administered small molecule drug candidates. Its drug candidate for the treatment of Alzheimer’s disease (AD) is azeliragon (TTP488), an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts (RAGE), for which it has commenced patient enrollment in a Phase III clinical trial.
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