Shares of TG Therapeutics, Inc. (NASDAQ:TGTX) rose 0% during mid-day trading on Thursday . The stock traded as high as $8.60 and last traded at $8.30. Approximately 1,864,748 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 1,675,642 shares. The stock had previously closed at $8.30.

TGTX has been the topic of several research analyst reports. BidaskClub upgraded shares of TG Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine lowered shares of TG Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $28.00 target price on shares of TG Therapeutics in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered shares of TG Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.11.

TG Therapeutics (NASDAQ:TGTX) last posted its quarterly earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.05). The business 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 155.38% and a negative net margin of 73,217.77%. research analysts predict that TG Therapeutics, Inc. will post -1.79 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of TGTX. Bank of New York Mellon Corp boosted its position in TG Therapeutics by 40.7% during the first quarter. Bank of New York Mellon Corp now owns 271,879 shares of the biopharmaceutical company’s stock worth $3,168,000 after acquiring an additional 78,644 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in TG Therapeutics during the first quarter worth about $1,291,000. Parametric Portfolio Associates LLC purchased a new position in TG Therapeutics during the first quarter worth about $928,000. JPMorgan Chase & Co. raised its stake in TG Therapeutics by 619.5% during the first quarter. JPMorgan Chase & Co. now owns 252,870 shares of the biopharmaceutical company’s stock worth $2,946,000 after purchasing an additional 217,724 shares during the period. Finally, American International Group Inc. raised its stake in TG Therapeutics by 7.1% during the first quarter. American International Group Inc. now owns 22,681 shares of the biopharmaceutical company’s stock worth $264,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 49.94% of the company’s stock.

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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.

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