Tetraphase Pharmaceuticals (NASDAQ:TTPH) issued its earnings results on Thursday. The biopharmaceutical company reported ($0.37) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.02), Morningstar.com reports. Tetraphase Pharmaceuticals had a negative return on equity of 67.34% and a negative net margin of 421.64%. The business had revenue of $1.15 million for the quarter, compared to analysts’ expectations of $2.09 million.
TTPH traded down $0.08 on Friday, reaching $2.17. The stock had a trading volume of 808,354 shares, compared to its average volume of 1,007,372. Tetraphase Pharmaceuticals has a 12-month low of $2.01 and a 12-month high of $6.97. The stock has a market capitalization of $117.35 million, a price-to-earnings ratio of -0.83 and a beta of 2.67.
Several research analysts recently issued reports on TTPH shares. HC Wainwright reissued a “buy” rating on shares of Tetraphase Pharmaceuticals in a report on Monday, July 16th. ValuEngine cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Zacks Investment Research raised shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a report on Thursday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Tetraphase Pharmaceuticals in a report on Friday, August 3rd. Finally, B. Riley lifted their price objective on shares of Tetraphase Pharmaceuticals from $6.00 to $7.00 and gave the company a “buy” rating in a report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.16.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Tetraphase Pharmaceuticals by 3.7% in the second quarter. BlackRock Inc. now owns 4,172,314 shares of the biopharmaceutical company’s stock valued at $14,895,000 after buying an additional 149,866 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Tetraphase Pharmaceuticals by 9.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 275,630 shares of the biopharmaceutical company’s stock valued at $984,000 after buying an additional 23,337 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Tetraphase Pharmaceuticals in the second quarter valued at $104,000. Canada Pension Plan Investment Board purchased a new position in Tetraphase Pharmaceuticals in the second quarter valued at $179,000. Finally, Dimensional Fund Advisors LP increased its holdings in Tetraphase Pharmaceuticals by 20.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,200,413 shares of the biopharmaceutical company’s stock valued at $7,855,000 after buying an additional 367,672 shares in the last quarter. 41.02% of the stock is owned by institutional investors.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops various antibiotics for the treatment of serious and life-threatening multidrug-resistant infections. The company's lead product candidate is eravacycline, a synthetic fluorocycline intravenous and IV antibiotic for use as a first-line empiric monotherapy to treat resistant and multidrug-resistant infections, including multidrug-resistant Gram-negative infections.
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