Tetraphase Pharmaceuticals (NASDAQ:TTPH)‘s stock had its “buy” rating restated by SunTrust Banks in a report issued on Wednesday. They presently have a $10.00 target price on the biopharmaceutical company’s stock. SunTrust Banks’ target price would suggest a potential upside of 84.16% from the stock’s previous close.
Several other equities research analysts have also issued reports on TTPH. Zacks Investment Research lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. HC Wainwright increased their price objective on shares of Tetraphase Pharmaceuticals from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. ValuEngine lowered shares of Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Friday, December 1st. BidaskClub lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, B. Riley initiated coverage on shares of Tetraphase Pharmaceuticals in a research report on Monday. They issued a “buy” rating and a $11.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Tetraphase Pharmaceuticals has a consensus rating of “Hold” and an average target price of $10.39.
Tetraphase Pharmaceuticals (TTPH) traded down $0.03 during trading on Wednesday, hitting $5.43. 1,225,600 shares of the stock traded hands, compared to its average volume of 969,319. Tetraphase Pharmaceuticals has a 52 week low of $2.10 and a 52 week high of $9.93. The firm has a market capitalization of $281.71, a price-to-earnings ratio of -1.90 and a beta of 2.29.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Tetraphase Pharmaceuticals during the 3rd quarter valued at $107,000. Brighton Jones LLC bought a new position in Tetraphase Pharmaceuticals during the 3rd quarter valued at $108,000. Voya Investment Management LLC boosted its stake in Tetraphase Pharmaceuticals by 17.8% during the 2nd quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock valued at $147,000 after acquiring an additional 3,104 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in Tetraphase Pharmaceuticals during the 2nd quarter valued at $147,000. Finally, Ameriprise Financial Inc. bought a new position in Tetraphase Pharmaceuticals during the 2nd quarter valued at $162,000. Hedge funds and other institutional investors own 58.28% of the company’s stock.
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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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