Short Interest in TherapeuticsMD Inc (TXMD) Increases By 4.4%

TherapeuticsMD Inc (NASDAQ:TXMD) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 69,651,906 shares, a growth of 4.4% from the October 15th total of 66,719,902 shares. Based on an average daily volume of 3,686,691 shares, the days-to-cover ratio is currently 18.9 days. Approximately 36.5% of the shares of the company are sold short.

In other TherapeuticsMD news, CEO Robert G. Finizio sold 184,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $6.24, for a total transaction of $1,148,160.00. Following the completion of the sale, the chief executive officer now owns 18,485,559 shares of the company’s stock, valued at approximately $115,349,888.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Bernick sold 182,800 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $6.30, for a total value of $1,151,640.00. Following the sale, the director now directly owns 242,000 shares of the company’s stock, valued at approximately $1,524,600. The disclosure for this sale can be found here. Insiders have sold a total of 2,158,800 shares of company stock valued at $12,946,562 in the last ninety days. Insiders own 22.85% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new position in TherapeuticsMD in the second quarter valued at about $121,000. Managed Account Services Inc. acquired a new position in TherapeuticsMD in the third quarter valued at about $117,000. Affiance Financial LLC acquired a new position in TherapeuticsMD in the second quarter valued at about $156,000. Twin Focus Capital Partners LLC acquired a new position in TherapeuticsMD in the second quarter valued at about $187,000. Finally, Xact Kapitalforvaltning AB raised its stake in TherapeuticsMD by 96.3% in the first quarter. Xact Kapitalforvaltning AB now owns 31,800 shares of the company’s stock valued at $155,000 after purchasing an additional 15,600 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

TXMD has been the subject of a number of research reports. Oppenheimer set a $14.00 target price on TherapeuticsMD and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research raised TherapeuticsMD from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. BidaskClub downgraded TherapeuticsMD from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. ValuEngine downgraded TherapeuticsMD from a “buy” rating to a “hold” rating in a report on Monday, October 29th. Finally, Cantor Fitzgerald set a $27.00 target price on TherapeuticsMD and gave the stock a “buy” rating in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. TherapeuticsMD currently has an average rating of “Buy” and an average target price of $13.45.

TXMD opened at $4.93 on Friday. TherapeuticsMD has a fifty-two week low of $4.30 and a fifty-two week high of $7.66. The company has a debt-to-equity ratio of 0.94, a current ratio of 7.88 and a quick ratio of 7.79. The firm has a market cap of $1.09 billion, a PE ratio of -13.32 and a beta of 1.40.

TherapeuticsMD (NASDAQ:TXMD) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.06. The business had revenue of $3.47 million during the quarter, compared to the consensus estimate of $4.43 million. TherapeuticsMD had a negative return on equity of 80.75% and a negative net margin of 582.86%. TherapeuticsMD’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. On average, sell-side analysts predict that TherapeuticsMD will post -0.63 EPS for the current year.

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TherapeuticsMD Company Profile

TherapeuticsMD, Inc operates as a women's health care product company. Its pipeline of hormone therapy drug candidates include TX-001HR, a combination of estradiol and progesterone drug candidate under clinical trials for the treatment of moderate to severe vasomotor symptoms due to menopause; TX-002HR, a natural progesterone formulation for the treatment of secondary amenorrhea without the potentially allergenic component of peanut oil; and TX-004HR, an applicator-free vaginal estradiol softgel drug candidate for the treatment of moderate to severe dyspareunia, a symptom of vulvar and vaginal atrophy in post-menopausal women with vaginal linings that do not receive enough estrogen.

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