TG Therapeutics (NASDAQ:TGTX)‘s stock had its “buy” rating reiterated by analysts at Raymond James Financial in a research note issued on Tuesday.

Several other equities research analysts also recently weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $33.00 price objective (up from $18.00) on shares of TG Therapeutics in a report on Tuesday, November 14th. ValuEngine downgraded TG Therapeutics from a “hold” rating to a “sell” rating in a report on Monday, October 16th. SunTrust Banks reissued a “buy” rating and issued a $28.00 price objective on shares of TG Therapeutics in a report on Tuesday, October 3rd. B. Riley started coverage on TG Therapeutics in a report on Friday, December 1st. They issued a “buy” rating and a $21.50 price objective for the company. Finally, BidaskClub upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $25.50.

TG Therapeutics (NASDAQ TGTX) traded down $0.20 during mid-day trading on Tuesday, hitting $8.05. The stock had a trading volume of 1,162,776 shares, compared to its average volume of 1,542,507. TG Therapeutics has a 1-year low of $4.10 and a 1-year high of $15.35.

TG Therapeutics (NASDAQ:TGTX) last posted its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.05). The firm had revenue of $0.04 million during the quarter, compared to analyst estimates of $0.04 million. TG Therapeutics had a negative net margin of 73,217.77% and a negative return on equity of 151.21%. sell-side analysts predict that TG Therapeutics will post -1.86 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of TG Therapeutics by 44.0% during the second quarter. JPMorgan Chase & Co. now owns 364,025 shares of the biopharmaceutical company’s stock worth $3,658,000 after purchasing an additional 111,155 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of TG Therapeutics by 152.8% during the first quarter. Goldman Sachs Group Inc. now owns 43,020 shares of the biopharmaceutical company’s stock worth $501,000 after purchasing an additional 26,001 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of TG Therapeutics during the second quarter worth approximately $258,000. Ameriprise Financial Inc. raised its stake in shares of TG Therapeutics by 150.2% during the second quarter. Ameriprise Financial Inc. now owns 277,235 shares of the biopharmaceutical company’s stock worth $2,786,000 after purchasing an additional 166,434 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of TG Therapeutics by 20.6% during the second quarter. Franklin Resources Inc. now owns 2,339,166 shares of the biopharmaceutical company’s stock worth $23,509,000 after purchasing an additional 398,916 shares during the last quarter. Institutional investors and hedge funds own 50.45% of the company’s stock.

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About TG Therapeutics

TG Therapeutics, Inc (TG) is a biopharmaceutical company focused on the acquisition, development and commercialization of treatments for B-cell malignancies and autoimmune diseases. As of December 31, 2016, the Company was developing two therapies targeting hematological malignancies. TG-1101 (ublituximab) is a glycoengineered monoclonal antibody that targets a specific epitope on the cluster of differentiation (CD20) antigen found on mature B-lymphocytes.

Analyst Recommendations for TG Therapeutics (NASDAQ:TGTX)

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