Tetraphase Pharmaceuticals (NASDAQ:TTPH) posted its earnings results on Thursday. The biopharmaceutical company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.02), Morningstar.com reports. The business had revenue of $1.15 million during the quarter, compared to the consensus estimate of $2.09 million. Tetraphase Pharmaceuticals had a negative return on equity of 67.34% and a negative net margin of 421.64%.

NASDAQ:TTPH traded down $0.08 during mid-day trading on Friday, hitting $2.17. 808,354 shares of the company traded hands, compared to its average volume of 678,728. Tetraphase Pharmaceuticals has a one year low of $2.01 and a one year high of $6.97. The firm has a market capitalization of $118.93 million, a PE ratio of -0.83 and a beta of 2.67.

A number of research firms have commented on TTPH. HC Wainwright reissued a “buy” rating on shares of Tetraphase Pharmaceuticals in a report on Monday, July 16th. Zacks Investment Research lowered Tetraphase Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Tetraphase Pharmaceuticals in a report on Friday, August 3rd. ValuEngine lowered Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Finally, Piper Jaffray Companies cut their price target on Tetraphase Pharmaceuticals to $6.00 and set an “overweight” rating for the company in a report on Thursday, October 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.16.

A number of large investors have recently added to or reduced their stakes in TTPH. Dimensional Fund Advisors LP grew its holdings in Tetraphase Pharmaceuticals by 28.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,832,741 shares of the biopharmaceutical company’s stock valued at $5,627,000 after purchasing an additional 409,567 shares during the period. UBS Group AG bought a new stake in Tetraphase Pharmaceuticals during the first quarter valued at about $1,130,000. Bank of New York Mellon Corp grew its holdings in Tetraphase Pharmaceuticals by 20.5% during the second quarter. Bank of New York Mellon Corp now owns 289,970 shares of the biopharmaceutical company’s stock valued at $1,035,000 after purchasing an additional 49,332 shares during the period. Canada Pension Plan Investment Board bought a new stake in Tetraphase Pharmaceuticals during the second quarter valued at about $179,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in Tetraphase Pharmaceuticals by 9.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 275,630 shares of the biopharmaceutical company’s stock valued at $984,000 after purchasing an additional 23,337 shares during the period. 41.02% of the stock is owned by institutional investors and hedge funds.

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About Tetraphase Pharmaceuticals

Tetraphase Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, develops various antibiotics for the treatment of serious and life-threatening multidrug-resistant infections. The company's lead product candidate is eravacycline, a synthetic fluorocycline intravenous and IV antibiotic for use as a first-line empiric monotherapy to treat resistant and multidrug-resistant infections, including multidrug-resistant Gram-negative infections.

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Earnings History for Tetraphase Pharmaceuticals (NASDAQ:TTPH)

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