Tetraphase Pharmaceuticals, Inc. (TTPH) Rating Increased to Hold at Zacks Investment Research
Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.
According to Zacks, “Tetraphase Pharmaceuticals, Inc. is a life science company engaged in developing and commercializing tetracycline based drugs to treat drug-resistant infectious diseases, inflammation, and cancer. Its principal products include eravacycline, an intravenous and oral antibiotic for the treatment of multi-drug resistant Gram-negative infections. The Company’s product under development includes eravacycline oral formulation, TP-834 and TP-271. Tetraphase Pharmaceuticals, Inc. is based in Watertown, Massachusetts. “
A number of other brokerages have also issued reports on TTPH. BMO Capital Markets reaffirmed a “buy” rating and set a $12.00 target price on shares of Tetraphase Pharmaceuticals in a research report on Monday, May 15th. Stifel Nicolaus lifted their price target on shares of Tetraphase Pharmaceuticals from $5.00 to $7.00 and gave the stock a “hold” rating in a research note on Thursday, March 9th.
Tetraphase Pharmaceuticals (NASDAQ TTPH) traded down 1.92% on Thursday, reaching $7.15. 228,398 shares of the company’s stock were exchanged. Tetraphase Pharmaceuticals has a 12 month low of $3.11 and a 12 month high of $9.93. The stock’s market capitalization is $271.39 million. The firm has a 50 day moving average of $7.48 and a 200 day moving average of $6.43.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last announced its earnings results on Tuesday, May 2nd. The biopharmaceutical company reported ($0.79) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by $0.19. Tetraphase Pharmaceuticals had a negative return on equity of 60.55% and a negative net margin of 1,932.24%. The company had revenue of $1.48 million for the quarter, compared to the consensus estimate of $1.46 million. During the same period last year, the firm posted ($0.46) EPS. The company’s revenue was down 24.5% compared to the same quarter last year. Equities analysts predict that Tetraphase Pharmaceuticals will post ($2.80) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of TTPH. Russell Investments Group Ltd. acquired a new stake in Tetraphase Pharmaceuticals during the fourth quarter worth $156,000. Federated Investors Inc. PA increased its stake in shares of Tetraphase Pharmaceuticals by 1.0% in the fourth quarter. Federated Investors Inc. PA now owns 130,809 shares of the biopharmaceutical company’s stock valued at $527,000 after buying an additional 1,326 shares in the last quarter. State Street Corp increased its stake in shares of Tetraphase Pharmaceuticals by 1.6% in the fourth quarter. State Street Corp now owns 710,982 shares of the biopharmaceutical company’s stock valued at $2,864,000 after buying an additional 11,391 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Tetraphase Pharmaceuticals by 90.2% in the fourth quarter. GSA Capital Partners LLP now owns 33,600 shares of the biopharmaceutical company’s stock valued at $135,000 after buying an additional 15,931 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Tetraphase Pharmaceuticals by 580.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 226,222 shares of the biopharmaceutical company’s stock valued at $912,000 after buying an additional 192,972 shares in the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.
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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