Equities analysts expect Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) to post $2.26 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Tetraphase Pharmaceuticals’ earnings. The highest sales estimate is $3.28 million and the lowest is $1.50 million. Tetraphase Pharmaceuticals reported sales of $1.09 million during the same quarter last year, which indicates a positive year over year growth rate of 107.3%. The firm is expected to report its next earnings report on Wednesday, March 14th.
On average, analysts expect that Tetraphase Pharmaceuticals will report full-year sales of $2.26 million for the current financial year, with estimates ranging from $8.60 million to $10.41 million. For the next year, analysts anticipate that the company will post sales of $6.81 million per share, with estimates ranging from $4.00 million to $13.39 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Tetraphase Pharmaceuticals.
TTPH has been the topic of a number of recent research reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $8.00 target price on shares of Tetraphase Pharmaceuticals in a report on Wednesday, February 14th. HC Wainwright boosted their target price on Tetraphase Pharmaceuticals from $15.00 to $17.00 and gave the company a “buy” rating in a report on Monday, November 6th. Zacks Investment Research lowered Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. BidaskClub lowered Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, ValuEngine lowered Tetraphase Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.39.
In other Tetraphase Pharmaceuticals news, Director L Patrick Gage acquired 3,880 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $6.45 per share, with a total value of $25,026.00. Following the completion of the acquisition, the director now directly owns 38,880 shares of the company’s stock, valued at approximately $250,776. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jacques Dumas sold 8,750 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $6.22, for a total value of $54,425.00. Following the transaction, the insider now directly owns 8,750 shares in the company, valued at approximately $54,425. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TTPH. Schwab Charles Investment Management Inc. grew its holdings in Tetraphase Pharmaceuticals by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 129,681 shares of the biopharmaceutical company’s stock worth $925,000 after acquiring an additional 874 shares during the period. Alliancebernstein L.P. grew its holdings in Tetraphase Pharmaceuticals by 6.9% during the second quarter. Alliancebernstein L.P. now owns 59,200 shares of the biopharmaceutical company’s stock worth $422,000 after acquiring an additional 3,800 shares during the period. Ameriprise Financial Inc. acquired a new position in Tetraphase Pharmaceuticals during the second quarter worth $162,000. Northern Trust Corp grew its holdings in Tetraphase Pharmaceuticals by 4.8% during the second quarter. Northern Trust Corp now owns 886,765 shares of the biopharmaceutical company’s stock worth $6,323,000 after acquiring an additional 40,668 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Tetraphase Pharmaceuticals by 2.0% during the second quarter. California Public Employees Retirement System now owns 242,200 shares of the biopharmaceutical company’s stock worth $1,727,000 after acquiring an additional 4,800 shares during the period. 56.34% of the stock is currently owned by hedge funds and other institutional investors.
Tetraphase Pharmaceuticals (NASDAQ TTPH) opened at $2.08 on Wednesday. The stock has a market capitalization of $107.32, a P/E ratio of -0.72 and a beta of 2.28. Tetraphase Pharmaceuticals has a twelve month low of $2.05 and a twelve month high of $9.93.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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