TG Therapeutics, Inc. (NASDAQ:TGTX)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued on Tuesday. They currently have a $33.00 target price on the biopharmaceutical company’s stock, up from their previous target price of $18.00. HC Wainwright’s price target points to a potential upside of 290.53% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded TG Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. BidaskClub upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine downgraded TG Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $28.00 price objective on shares of TG Therapeutics in a report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $26.78.

TG Therapeutics (TGTX) traded down $0.20 during midday trading on Tuesday, reaching $8.45. The company’s stock had a trading volume of 895,200 shares, compared to its average volume of 1,563,184. TG Therapeutics has a twelve month low of $4.10 and a twelve month high of $15.35.

TG Therapeutics (NASDAQ:TGTX) last released its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.05). TG Therapeutics had a negative net margin of 73,217.77% and a negative return on equity of 151.21%. The firm had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.04 million. equities research analysts forecast that TG Therapeutics will post -1.84 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in TGTX. Parametric Portfolio Associates LLC purchased a new position in shares of TG Therapeutics in the first quarter worth about $928,000. American International Group Inc. grew its stake in shares of TG Therapeutics by 7.1% in the first quarter. American International Group Inc. now owns 22,681 shares of the biopharmaceutical company’s stock worth $264,000 after purchasing an additional 1,500 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of TG Therapeutics by 7.1% in the first quarter. Teachers Advisors LLC now owns 75,432 shares of the biopharmaceutical company’s stock worth $879,000 after purchasing an additional 5,000 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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 purchasing an additional 384 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of TG Therapeutics by 16.0% in the first quarter. Vanguard Group Inc. now owns 1,790,583 shares of the biopharmaceutical company’s stock worth $20,860,000 after purchasing an additional 246,404 shares during the last quarter. Hedge funds and other institutional investors own 49.58% of the company’s stock.

About TG Therapeutics

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.

Analyst Recommendations for TG Therapeutics (NASDAQ:TGTX)

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