Taysha Gene Therapies (NASDAQ:TSHA) Price Target Raised to $12.00 at Needham & Company LLC

Taysha Gene Therapies (NASDAQ:TSHAFree Report) had its price objective boosted by Needham & Company LLC from $10.00 to $12.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Chardan Capital reissued a “buy” rating and set a $12.00 price target on shares of Taysha Gene Therapies in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Taysha Gene Therapies from $8.00 to $11.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Taysha Gene Therapies in a report on Monday, December 29th. The Goldman Sachs Group set a $11.00 price objective on Taysha Gene Therapies in a research report on Thursday, December 4th. Finally, Wall Street Zen lowered Taysha Gene Therapies from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Taysha Gene Therapies has an average rating of “Moderate Buy” and an average price target of $11.09.

View Our Latest Research Report on Taysha Gene Therapies

Taysha Gene Therapies Stock Up 2.5%

TSHA opened at $4.56 on Thursday. Taysha Gene Therapies has a 12 month low of $1.05 and a 12 month high of $6.02. The company has a current ratio of 10.48, a quick ratio of 10.48 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $4.65 and its 200-day moving average price is $4.53. The company has a market cap of $1.25 billion, a P/E ratio of -13.82 and a beta of 1.02.

Taysha Gene Therapies (NASDAQ:TSHAGet Free Report) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Taysha Gene Therapies had a negative return on equity of 67.26% and a negative net margin of 1,144.97%.The business had revenue of $5.49 million for the quarter, compared to analyst estimates of $1.89 million. On average, equities analysts expect that Taysha Gene Therapies will post -0.35 EPS for the current year.

Insider Transactions at Taysha Gene Therapies

In related news, CEO Sean P. Nolan sold 41,312 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $4.61, for a total value of $190,448.32. Following the sale, the chief executive officer owned 2,908,257 shares in the company, valued at $13,407,064.77. This represents a 1.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kamran Alam sold 23,849 shares of Taysha Gene Therapies stock in a transaction on Monday, January 26th. The shares were sold at an average price of $4.61, for a total value of $109,943.89. Following the transaction, the chief financial officer owned 1,443,786 shares of the company’s stock, valued at $6,655,853.46. The trade was a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 598,623 shares of company stock valued at $2,822,188 in the last ninety days. 3.78% of the stock is currently owned by corporate insiders.

Institutional Trading of Taysha Gene Therapies

A number of institutional investors and hedge funds have recently bought and sold shares of TSHA. Caitong International Asset Management Co. Ltd raised its holdings in Taysha Gene Therapies by 698.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 25,577 shares of the company’s stock worth $141,000 after buying an additional 22,373 shares during the last quarter. Seven Fleet Capital Management LP bought a new stake in shares of Taysha Gene Therapies during the fourth quarter valued at approximately $920,000. Invesco Ltd. increased its position in shares of Taysha Gene Therapies by 376.3% during the fourth quarter. Invesco Ltd. now owns 1,332,780 shares of the company’s stock valued at $7,330,000 after acquiring an additional 1,052,987 shares in the last quarter. Oracle Investment Management Inc. purchased a new position in Taysha Gene Therapies in the 4th quarter worth approximately $1,458,000. Finally, Voloridge Investment Management LLC bought a new position in Taysha Gene Therapies in the 4th quarter valued at approximately $301,000. 77.70% of the stock is currently owned by institutional investors.

Key Stories Impacting Taysha Gene Therapies

Here are the key news stories impacting Taysha Gene Therapies this week:

Taysha Gene Therapies Company Profile

(Get Free Report)

Taysha Gene Therapies, Inc (NASDAQ: TSHA) is a clinical-stage biotechnology company focused on developing gene therapies for rare monogenic diseases of the central nervous system. Using a proprietary adeno-associated viral (AAV) vector platform, the company engineers novel capsids and regulatory elements to optimize delivery and expression of therapeutic genes. Its pipeline features lead programs such as TSHA-102 for GM2 gangliosidoses (Tay–Sachs and Sandhoff diseases), TSHA-101 for GM1 gangliosidosis and TSHA-103 for aromatic l-amino acid decarboxylase (AADC) deficiency, alongside earlier-stage candidates targeting other life-threatening pediatric CNS disorders.

Founded in 2019 and headquartered in Dallas, Texas, Taysha Gene Therapies completed its initial public offering in May 2021.

Recommended Stories

Analyst Recommendations for Taysha Gene Therapies (NASDAQ:TSHA)

Receive News & Ratings for Taysha Gene Therapies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taysha Gene Therapies and related companies with MarketBeat.com's FREE daily email newsletter.