Tetraphase Pharmaceuticals, Inc. (TTPH) Trading Up 5.1%
Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) shares were up 5.1% during trading on Monday . The company traded as high as $7.24 and last traded at $7.19. Approximately 846,659 shares were traded during trading, a decline of 33% from the average daily volume of 1,262,580 shares. The stock had previously closed at $6.84.
TTPH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Tetraphase Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. HC Wainwright initiated coverage on shares of Tetraphase Pharmaceuticals in a research report on Tuesday, July 11th. They issued a “buy” rating and a $15.00 target price for the company. Stifel Nicolaus upgraded shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and increased their target price for the company from $8.00 to $15.00 in a research report on Wednesday, July 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $13.00 target price (up previously from $12.00) on shares of Tetraphase Pharmaceuticals in a research report on Wednesday, July 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tetraphase Pharmaceuticals in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.13.
The stock’s market cap is $367.07 million. The stock’s 50-day moving average is $6.58 and its 200 day moving average is $7.30.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last posted its quarterly earnings data on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.76) by ($0.07). Tetraphase Pharmaceuticals had a negative return on equity of 79.79% and a negative net margin of 2,092.20%. The company had revenue of $1.59 million during the quarter, compared to the consensus estimate of $1.54 million. During the same quarter last year, the firm earned ($0.47) EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, equities analysts predict that Tetraphase Pharmaceuticals, Inc. will post ($2.54) earnings per share for the current year.
In other news, insider Jacques Dumas sold 17,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $6.00, for a total transaction of $105,000.00. Following the completion of the sale, the insider now owns 17,500 shares in the company, valued at $105,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of TTPH. Vanguard Group Inc. increased its position in Tetraphase Pharmaceuticals by 16.4% in the first quarter. Vanguard Group Inc. now owns 1,638,789 shares of the biopharmaceutical company’s stock worth $15,061,000 after purchasing an additional 230,420 shares during the period. Dimensional Fund Advisors LP raised its holdings in Tetraphase Pharmaceuticals by 73.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,101,255 shares of the biopharmaceutical company’s stock worth $7,853,000 after purchasing an additional 466,955 shares during the last quarter. Tekla Capital Management LLC raised its holdings in Tetraphase Pharmaceuticals by 422.2% during the 1st quarter. Tekla Capital Management LLC now owns 1,004,322 shares of the biopharmaceutical company’s stock worth $9,230,000 after purchasing an additional 812,000 shares during the last quarter. Northern Trust Corp raised its holdings in Tetraphase Pharmaceuticals by 4.8% during the 2nd quarter. Northern Trust Corp now owns 886,765 shares of the biopharmaceutical company’s stock worth $6,323,000 after purchasing an additional 40,668 shares during the last quarter. Finally, Numeric Investors LLC raised its holdings in Tetraphase Pharmaceuticals by 1,363.3% during the 2nd quarter. Numeric Investors LLC now owns 754,364 shares of the biopharmaceutical company’s stock worth $5,379,000 after purchasing an additional 702,812 shares during the last quarter. Institutional investors and hedge funds own 41.73% 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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