TG Therapeutics, Inc. (NASDAQ:TGTX) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, October 16th.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered TG Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. BidaskClub upgraded TG Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $28.00 price target on shares of TG Therapeutics in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. TG Therapeutics currently has an average rating of “Buy” and an average price target of $25.11.
Shares of TG Therapeutics (NASDAQ TGTX) opened at 7.80 on Monday. TG Therapeutics has a 12 month low of $4.10 and a 12 month high of $15.35. The company’s market capitalization is $486.02 million. The company’s 50 day moving average price is $11.07 and its 200 day moving average price is $11.18.
TG Therapeutics (NASDAQ:TGTX) last issued its quarterly earnings data on Wednesday, August 9th. The biopharmaceutical company reported ($0.45) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.46) by $0.01. The firm had revenue of $0.04 million during the quarter, compared to analyst estimates of $0.04 million. TG Therapeutics had a negative return on equity of 154.02% and a negative net margin of 68,806.59%. Analysts expect that TG Therapeutics will post ($1.84) EPS for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of TG Therapeutics by 70.2% during the first quarter. FMR LLC now owns 6,451,713 shares of the biopharmaceutical company’s stock valued at $75,162,000 after acquiring an additional 2,660,949 shares in the last quarter. State Street Corp raised its stake in TG Therapeutics by 274.4% in the second quarter. State Street Corp now owns 2,638,683 shares of the biopharmaceutical company’s stock worth $26,515,000 after buying an additional 1,933,896 shares in the last quarter. Franklin Resources Inc. raised its stake in TG Therapeutics by 20.6% in the second quarter. Franklin Resources Inc. now owns 2,339,166 shares of the biopharmaceutical company’s stock worth $23,509,000 after buying an additional 398,916 shares in the last quarter. Vanguard Group Inc. raised its stake in TG Therapeutics by 14.3% in the second quarter. Vanguard Group Inc. now owns 2,046,427 shares of the biopharmaceutical company’s stock worth $20,566,000 after buying an additional 255,844 shares in the last quarter. Finally, Columbus Circle Investors raised its stake in TG Therapeutics by 39.0% in the second quarter. Columbus Circle Investors now owns 1,396,396 shares of the biopharmaceutical company’s stock worth $14,034,000 after buying an additional 391,975 shares in the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.
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.
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