HC Wainwright Reaffirms “Buy” Rating for TG Therapeutics, Inc. (TGTX)

HC Wainwright restated their buy rating on shares of TG Therapeutics, Inc. (NASDAQ:TGTX) in a research note released on Tuesday, Marketbeat Ratings reports. HC Wainwright currently has a $33.00 price objective on the biopharmaceutical company’s stock, up from their prior price objective of $18.00.

Several other analysts have also recently weighed in on TGTX. Zacks Investment Research cut TG Therapeutics from a hold rating to a sell rating in a report on Saturday, August 12th. BidaskClub cut TG Therapeutics from a hold rating to a sell rating in a report on Saturday, August 5th. SunTrust Banks, Inc. reissued a buy rating and set a $28.00 price target on shares of TG Therapeutics in a report on Tuesday, October 3rd. Finally, ValuEngine cut TG Therapeutics from a hold rating to a sell rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. TG Therapeutics currently has a consensus rating of Buy and an average price target of $26.78.

Shares of TG Therapeutics (TGTX) opened at $7.70 on Tuesday. TG Therapeutics has a fifty-two week low of $4.10 and a fifty-two week high of $15.35.

TG Therapeutics (NASDAQ:TGTX) last released its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.05). The firm had revenue of $0.04 million for the quarter, compared to analyst estimates of $0.04 million. TG Therapeutics had a negative return on equity of 151.21% and a negative net margin of 73,217.77%. sell-side analysts anticipate that TG Therapeutics will post -1.84 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc raised its holdings in TG Therapeutics by 4.1% in the 1st quarter. Legal & General Group Plc now owns 9,801 shares of the biopharmaceutical company’s stock valued at $113,000 after acquiring an additional 384 shares in the last quarter. Bank of America Corp DE raised its holdings in TG Therapeutics by 11.0% in the 1st quarter. Bank of America Corp DE now owns 14,076 shares of the biopharmaceutical company’s stock valued at $164,000 after acquiring an additional 1,395 shares in the last quarter. UBS Group AG raised its holdings in TG Therapeutics by 34.4% in the 1st quarter. UBS Group AG now owns 14,606 shares of the biopharmaceutical company’s stock valued at $171,000 after acquiring an additional 3,736 shares in the last quarter. HighTower Advisors LLC acquired a new position in TG Therapeutics in the 1st quarter valued at $170,000. Finally, Fox Run Management L.L.C. acquired a new position in TG Therapeutics in the 2nd quarter valued at $156,000. 49.58% of the stock is owned by hedge funds and other institutional investors.

TG Therapeutics Company Profile

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.

Analyst Recommendations for TG Therapeutics (NASDAQ:TGTX)

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