Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) had its target price hoisted by HC Wainwright from $15.00 to $17.00 in a report issued on Monday, November 6th, MarketBeat.com reports. The brokerage currently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s price target points to a potential upside of 151.48% from the company’s current price.
A number of other equities analysts have also commented on the stock. Piper Jaffray Companies assumed coverage on shares of Tetraphase Pharmaceuticals in a research report on Monday, August 28th. They issued an “overweight” rating and a $14.00 price target on the stock. Zacks Investment Research raised shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Saturday, September 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price on shares of Tetraphase Pharmaceuticals in a research report on Tuesday, September 12th. ValuEngine lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Tetraphase Pharmaceuticals in a research report on Sunday, September 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Tetraphase Pharmaceuticals has a consensus rating of “Hold” and a consensus price target of $15.15.
Shares of Tetraphase Pharmaceuticals (NASDAQ:TTPH) opened at $6.76 on Monday. Tetraphase Pharmaceuticals has a fifty-two week low of $3.57 and a fifty-two week high of $9.93.
In other Tetraphase Pharmaceuticals news, insider Jacques Dumas sold 8,750 shares of Tetraphase Pharmaceuticals stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $6.03, for a total transaction of $52,762.50. Following the sale, the insider now owns 8,750 shares in the company, valued at $52,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Tetraphase Pharmaceuticals during the 3rd quarter worth about $107,000. Brighton Jones LLC acquired a new position in Tetraphase Pharmaceuticals during the 3rd quarter worth about $108,000. UBS Group AG raised its holdings in Tetraphase Pharmaceuticals by 2.3% during the 1st quarter. UBS Group AG now owns 17,269 shares of the biopharmaceutical company’s stock worth $159,000 after purchasing an additional 387 shares during the last quarter. AXA bought a new stake in Tetraphase Pharmaceuticals during the 2nd quarter worth about $132,000. Finally, Jane Street Group LLC bought a new stake in Tetraphase Pharmaceuticals during the 1st quarter worth about $181,000. Institutional investors and hedge funds own 47.40% of the company’s stock.
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Tetraphase Pharmaceuticals Company Profile
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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