TG Therapeutics, Inc. (NASDAQ:TGTX) Stock Rating Lowered by BidaskClub
TG Therapeutics, Inc. (NASDAQ:TGTX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other research analysts have also recently issued reports on TGTX. Raymond James Financial, Inc. reiterated a “buy” rating on shares of TG Therapeutics in a research report on Friday, April 21st. Jefferies Group LLC initiated coverage on TG Therapeutics in a report on Tuesday, April 25th. They set a “buy” rating and a $23.00 price target on the stock. FBR & Co restated a “buy” rating on shares of TG Therapeutics in a report on Monday, May 1st. Zacks Investment Research cut TG Therapeutics from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, ValuEngine upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.67.
TG Therapeutics (NASDAQ TGTX) opened at 10.40 on Friday. The firm’s market capitalization is $641.22 million. TG Therapeutics has a 52-week low of $4.10 and a 52-week high of $15.35. The firm’s 50-day moving average is $11.10 and its 200-day moving average is $9.77.
TG Therapeutics (NASDAQ:TGTX) last released its earnings results on Friday, May 5th. The biopharmaceutical company reported ($0.52) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $0.10. TG Therapeutics had a negative net margin of 60,613.16% and a negative return on equity of 135.31%. The business had revenue of $0.04 million during the quarter, compared to the consensus estimate of $0.04 million. On average, equities analysts expect that TG Therapeutics will post ($1.81) earnings per share for the current year.
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In related news, CFO Sean A. Power sold 59,976 shares of TG Therapeutics stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $11.09, for a total value of $665,133.84. Following the transaction, the chief financial officer now directly owns 477,464 shares of the company’s stock, valued at $5,295,075.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.70% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its position in TG Therapeutics by 4.1% in the first quarter. Legal & General Group Plc now owns 9,801 shares of the biopharmaceutical company’s stock worth $113,000 after buying an additional 384 shares in the last quarter. BB&T Securities LLC bought a new position in TG Therapeutics during the first quarter worth approximately $121,000. Hollencrest Securities LLC bought a new position in TG Therapeutics during the second quarter worth approximately $121,000. Thompson Davis & CO. Inc. bought a new position in TG Therapeutics during the first quarter worth approximately $154,000. Finally, Bank of America Corp DE raised its position in TG Therapeutics by 11.0% in the first quarter. Bank of America Corp DE now owns 14,076 shares of the biopharmaceutical company’s stock worth $164,000 after buying an additional 1,395 shares in the last quarter. 45.68% of the stock is currently owned by institutional investors.
TG Therapeutics Company Profile
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.
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