TG Therapeutics (TGTX) Receives “Buy” Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of TG Therapeutics (NASDAQ:TGTX) in a report released on Tuesday morning. They currently have a $33.00 price objective on the biopharmaceutical company’s stock.

Other analysts also recently issued research reports about the stock. BidaskClub upgraded shares of TG Therapeutics from a sell rating to a hold rating in a research report on Thursday, January 11th. Raymond James Financial reaffirmed a buy rating on shares of TG Therapeutics in a report on Tuesday, December 12th. ValuEngine cut shares of TG Therapeutics from a hold rating to a sell rating in a report on Monday, October 16th. B. Riley reaffirmed a buy rating and issued a $21.50 target price on shares of TG Therapeutics in a report on Monday, December 11th. Finally, SunTrust Banks reaffirmed a buy rating and issued a $28.00 target price on shares of TG Therapeutics in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. TG Therapeutics has a consensus rating of Buy and an average target price of $25.50.

Shares of TG Therapeutics (NASDAQ TGTX) traded up $0.07 during trading hours on Tuesday, hitting $9.63. 433,335 shares of the stock traded hands, compared to its average volume of 1,672,810. The stock has a market cap of $678.26, a P/E ratio of -4.99 and a beta of 1.30. TG Therapeutics has a twelve month low of $4.10 and a twelve month high of $15.35.

TG Therapeutics (NASDAQ:TGTX) last issued its quarterly earnings data on Wednesday, November 8th. The biopharmaceutical company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.05). The company had revenue of $0.04 million for the quarter, compared to analysts’ expectations 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 predict that TG Therapeutics will post -1.87 earnings per share for the current fiscal year.

In other news, CFO Sean A. Power sold 32,006 shares of TG Therapeutics stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $8.50, for a total value of $272,051.00. Following the transaction, the chief financial officer now directly owns 517,464 shares of the company’s stock, valued at approximately $4,398,444. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in TG Therapeutics by 274.4% in the 2nd quarter. State Street Corp now owns 2,638,683 shares of the biopharmaceutical company’s stock valued at $26,515,000 after buying an additional 1,933,896 shares during the period. Franklin Resources Inc. increased its stake in TG Therapeutics by 20.6% in the 2nd quarter. Franklin Resources Inc. now owns 2,339,166 shares of the biopharmaceutical company’s stock valued at $23,509,000 after buying an additional 398,916 shares during the period. Vanguard Group Inc. increased its stake in TG Therapeutics by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,046,427 shares of the biopharmaceutical company’s stock valued at $20,566,000 after buying an additional 255,844 shares during the period. Columbus Circle Investors increased its stake in TG Therapeutics by 9.8% in the 3rd quarter. Columbus Circle Investors now owns 1,532,911 shares of the biopharmaceutical company’s stock valued at $18,165,000 after buying an additional 136,515 shares during the period. Finally, Northern Trust Corp increased its stake in TG Therapeutics by 29.0% in the 2nd quarter. Northern Trust Corp now owns 598,626 shares of the biopharmaceutical company’s stock valued at $6,016,000 after buying an additional 134,463 shares during the period. 50.41% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for TG Therapeutics (NASDAQ:TGTX)

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