TherapeuticsMD (TXMD) Trading Down 5.5% Following Insider Selling

TherapeuticsMD Inc (NASDAQ:TXMD) dropped 5.5% on Tuesday after an insider sold shares in the company. The company traded as low as $4.83 and last traded at $4.85. Approximately 2,418,824 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 2,611,753 shares. The stock had previously closed at $5.13.

Specifically, CEO Robert G. Finizio sold 184,000 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $6.24, for a total value of $1,148,160.00. Following the completion of the sale, the chief executive officer now owns 18,485,559 shares of the company’s stock, valued at $115,349,888.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John C.K. Iv Milligan sold 250,000 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $6.10, for a total value of $1,525,000.00. Following the completion of the sale, the insider now directly owns 1,597,419 shares of the company’s stock, valued at approximately $9,744,255.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,722,728 shares of company stock valued at $20,590,153. 22.85% of the stock is currently owned by insiders.

TXMD has been the subject of several recent analyst reports. Cantor Fitzgerald set a $26.00 target price on TherapeuticsMD and gave the stock a “buy” rating in a research report on Friday, August 10th. Oppenheimer set a $14.00 price objective on TherapeuticsMD and gave the company a “buy” rating in a research report on Monday, August 13th. JPMorgan Chase & Co. set a $11.00 price objective on TherapeuticsMD and gave the company a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research cut TherapeuticsMD from a “hold” rating to a “sell” rating in a research report on Friday, August 17th. Finally, BidaskClub raised TherapeuticsMD from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $13.45.

The stock has a market cap of $1.20 billion, a PE ratio of -13.11 and a beta of 1.35. The company has a quick ratio of 7.15, a current ratio of 7.23 and a debt-to-equity ratio of 0.55.

TherapeuticsMD (NASDAQ:TXMD) last released its quarterly earnings data on Wednesday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The firm had revenue of $3.47 million during the quarter, compared to analysts’ expectations of $4.43 million. TherapeuticsMD had a negative return on equity of 102.15% and a negative net margin of 757.59%. The business’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) earnings per share. As a group, equities research analysts anticipate that TherapeuticsMD Inc will post -0.58 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in TherapeuticsMD by 9.8% during the third quarter. Vanguard Group Inc. now owns 12,894,027 shares of the company’s stock valued at $84,585,000 after purchasing an additional 1,153,716 shares during the last quarter. B. Riley Wealth Management Inc. acquired a new stake in TherapeuticsMD during the third quarter valued at $102,000. Teachers Advisors LLC boosted its position in TherapeuticsMD by 13.3% during the third quarter. Teachers Advisors LLC now owns 353,895 shares of the company’s stock valued at $2,322,000 after purchasing an additional 41,607 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in TherapeuticsMD by 54.0% during the third quarter. MetLife Investment Advisors LLC now owns 121,657 shares of the company’s stock valued at $798,000 after purchasing an additional 42,669 shares during the last quarter. Finally, Nexthera Capital LP acquired a new stake in TherapeuticsMD during the third quarter valued at $8,575,000. 72.66% of the stock is owned by hedge funds and other institutional investors.

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TherapeuticsMD Company Profile (NASDAQ:TXMD)

TherapeuticsMD, Inc operates as a women's health care product company. Its pipeline of hormone therapy drug candidates include TX-001HR, a combination of estradiol and progesterone drug candidate under clinical trials for the treatment of moderate to severe vasomotor symptoms due to menopause; TX-002HR, a natural progesterone formulation for the treatment of secondary amenorrhea without the potentially allergenic component of peanut oil; and TX-004HR, an applicator-free vaginal estradiol softgel drug candidate for the treatment of moderate to severe dyspareunia, a symptom of vulvar and vaginal atrophy in post-menopausal women with vaginal linings that do not receive enough estrogen.

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