Analysts at B. Riley assumed coverage on shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) in a report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $11.00 price target on the biopharmaceutical company’s stock. B. Riley’s target price would indicate a potential upside of 101.47% from the stock’s current price.
A number of other research firms have also recently commented on TTPH. Zacks Investment Research raised shares of Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, January 12th. HC Wainwright increased their target price on shares of Tetraphase Pharmaceuticals from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, November 6th. ValuEngine cut shares of Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Finally, BidaskClub cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.46.
Tetraphase Pharmaceuticals (NASDAQ TTPH) traded up $0.31 during mid-day trading on Monday, hitting $5.46. 442,899 shares of the stock were exchanged, compared to its average volume of 433,373. The company has a market capitalization of $265.71, a PE ratio of -1.91 and a beta of 2.29. Tetraphase Pharmaceuticals has a 52-week low of $4.91 and a 52-week high of $9.93.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the third quarter valued at approximately $107,000. Brighton Jones LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the third quarter valued at approximately $108,000. Voya Investment Management LLC increased its stake in shares of Tetraphase Pharmaceuticals by 17.8% in the second quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock valued at $147,000 after buying an additional 3,104 shares during the period. Virtu KCG Holdings LLC acquired a new position in shares of Tetraphase Pharmaceuticals in the second quarter valued at approximately $147,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Tetraphase Pharmaceuticals in the second quarter valued at approximately $162,000. 58.28% of the stock is owned by institutional investors.
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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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