Trillium Therapeutics (TRIL) Coverage Initiated by Analysts at Leerink Swann
Leerink Swann began coverage on shares of Trillium Therapeutics (NASDAQ:TRIL) (TSE:TR) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $7.00 price objective on the biotechnology company’s stock.
Other research analysts have also recently issued research reports about the company. HC Wainwright restated a buy rating and issued a $10.00 price target on shares of Trillium Therapeutics in a research note on Thursday, December 14th. Zacks Investment Research cut Trillium Therapeutics from a buy rating to a hold rating and set a $8.75 price target for the company. in a research note on Saturday, January 20th. Finally, ValuEngine cut Trillium Therapeutics from a hold rating to a sell rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Trillium Therapeutics presently has a consensus rating of Hold and a consensus price target of $10.94.
Trillium Therapeutics stock opened at $7.05 on Friday. Trillium Therapeutics has a 12 month low of $4.15 and a 12 month high of $13.30. The firm has a market capitalization of $92.69, a price-to-earnings ratio of -1.99 and a beta of 1.83.
Several hedge funds have recently bought and sold shares of TRIL. Virtu Financial LLC purchased a new position in shares of Trillium Therapeutics in the fourth quarter worth $144,000. Citadel Advisors LLC purchased a new position in shares of Trillium Therapeutics in the fourth quarter worth $180,000. Wells Fargo & Company MN raised its stake in shares of Trillium Therapeutics by 57.7% in the fourth quarter. Wells Fargo & Company MN now owns 26,100 shares of the biotechnology company’s stock worth $189,000 after purchasing an additional 9,550 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Trillium Therapeutics by 1,860.0% in the fourth quarter. Deutsche Bank AG now owns 115,288 shares of the biotechnology company’s stock worth $835,000 after purchasing an additional 109,406 shares during the last quarter. Finally, Artal Group S.A. purchased a new position in shares of Trillium Therapeutics in the fourth quarter worth $1,088,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.
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About Trillium Therapeutics
Trillium Therapeutics Inc, a clinical-stage immuno-oncology company, develops therapies for the treatment of cancer. The companys lead program is TTI-621, a SIRPaFc fusion protein that acts a soluble decoy receptor preventing CD47 from delivering its inhibitory signal, which is in Phase I clinical trial for advanced hematologic malignancies and solid tumors therapy.
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