Tonix Pharmaceuticals Holding Corp. (TNXP) Lifted to “Buy” at Roth Capital
Roth Capital upgraded shares of Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) from a neutral rating to a buy rating in a research report report published on Friday, Marketbeat.com reports. They currently have $6.00 price target on the stock. The analysts noted that the move was a valuation call.
Separately, Aegis initiated coverage on Tonix Pharmaceuticals Holding Corp. in a report on Monday, June 26th. They issued a buy rating and a $10.00 target price for the company.
Shares of Tonix Pharmaceuticals Holding Corp. (NASDAQ TNXP) opened at 2.95 on Friday. Tonix Pharmaceuticals Holding Corp. has a 52-week low of $2.85 and a 52-week high of $28.00. The company has a 50-day moving average price of $3.87 and a 200-day moving average price of $3.29. The company’s market cap is $22.15 million.
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) last announced its earnings results on Monday, August 14th. The company reported ($0.65) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.78) by $0.13. On average, equities analysts predict that Tonix Pharmaceuticals Holding Corp. will post ($3.16) EPS for the current year.
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In related news, CEO Seth Lederman bought 20,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $3.00 per share, for a total transaction of $60,000.00. Following the acquisition, the chief executive officer now owns 11,166 shares in the company, valued at $33,498. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ernest Mario sold 6,105 shares of Tonix Pharmaceuticals Holding Corp. stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $4.28, for a total value of $26,129.40. Following the completion of the transaction, the director now owns 63,073 shares of the company’s stock, valued at approximately $269,952.44. The disclosure for this sale can be found here. In the last quarter, insiders bought 50,000 shares of company stock valued at $188,050. Company insiders own 4.00% of the company’s stock.
Several large investors have recently modified their holdings of the company. B. Riley Financial Inc. acquired a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the second quarter worth about $1,637,000. Vanguard Group Inc. raised its stake in shares of Tonix Pharmaceuticals Holding Corp. by 28.8% in the second quarter. Vanguard Group Inc. now owns 184,377 shares of the company’s stock worth $799,000 after buying an additional 41,264 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the first quarter worth about $119,000. Dialectic Capital Management LP acquired a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the first quarter worth about $187,000. Finally, Renaissance Technologies LLC raised its stake in shares of Tonix Pharmaceuticals Holding Corp. by 108.4% in the fourth quarter. Renaissance Technologies LLC now owns 774,603 shares of the company’s stock worth $364,000 after buying an additional 402,898 shares in the last quarter. 17.50% of the stock is owned by hedge funds and other institutional investors.
Tonix Pharmaceuticals Holding Corp. Company Profile
Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The companys lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.
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