Tetraphase Pharmaceuticals, Inc. (TTPH) Stock Rating Reaffirmed by Needham & Company LLC
Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH)‘s stock had its “hold” rating reiterated by analysts at Needham & Company LLC in a research note issued on Sunday.
A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price objective on shares of Tetraphase Pharmaceuticals in a report on Tuesday, September 12th. ValuEngine downgraded Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Tetraphase Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Piper Jaffray Companies began coverage on Tetraphase Pharmaceuticals in a report on Monday, August 28th. They issued an “overweight” rating and a $14.00 price objective for the company. Finally, BidaskClub upgraded Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.88.
Tetraphase Pharmaceuticals (TTPH) opened at 6.94 on Friday. The stock’s market cap is $354.31 million. Tetraphase Pharmaceuticals has a 52 week low of $3.11 and a 52 week high of $9.93. The company has a 50-day moving average of $6.28 and a 200-day moving average of $7.27.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by ($0.07). The business had revenue of $1.59 million during the quarter, compared to analyst estimates of $1.54 million. Tetraphase Pharmaceuticals had a negative return on equity of 79.79% and a negative net margin of 2,092.20%. Tetraphase Pharmaceuticals’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.47) EPS. On average, analysts predict that Tetraphase Pharmaceuticals will post ($2.54) EPS for the current fiscal year.
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In other news, insider Jacques Dumas sold 17,500 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $6.00, for a total transaction of $105,000.00. Following the completion of the transaction, the insider now directly owns 17,500 shares of the company’s stock, valued at $105,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TTPH. AXA acquired a new position in Tetraphase Pharmaceuticals during the second quarter valued at approximately $132,000. Teza Capital Management LLC boosted its position in Tetraphase Pharmaceuticals by 8.9% during the first quarter. Teza Capital Management LLC now owns 15,650 shares of the biopharmaceutical company’s stock valued at $144,000 after purchasing an additional 1,281 shares during the last quarter. Citadel Advisors LLC boosted its position in Tetraphase Pharmaceuticals by 18.6% during the first quarter. Citadel Advisors LLC now owns 15,924 shares of the biopharmaceutical company’s stock valued at $146,000 after purchasing an additional 2,496 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Tetraphase Pharmaceuticals during the second quarter valued at approximately $147,000. Finally, Voya Investment Management LLC boosted its position in Tetraphase Pharmaceuticals by 17.8% during the second quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock valued at $147,000 after purchasing an additional 3,104 shares during the last quarter. 41.73% of the stock is owned by hedge funds and other institutional investors.
About Tetraphase Pharmaceuticals
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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