TG Therapeutics (NASDAQ:TGTX) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
TGTX has been the topic of several other reports. ValuEngine raised shares of TG Therapeutics from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research cut shares of TG Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. HC Wainwright reaffirmed a “buy” rating and issued a $33.00 price target on shares of TG Therapeutics in a report on Monday, January 8th. B. Riley reaffirmed a “buy” rating and issued a $21.50 price target on shares of TG Therapeutics in a report on Monday, December 11th. Finally, Raymond James Financial reaffirmed a “buy” rating on shares of TG Therapeutics in a report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $24.60.
Shares of TGTX stock opened at $14.00 on Tuesday. The firm has a market capitalization of $990.09, a PE ratio of -7.33 and a beta of 1.20. TG Therapeutics has a twelve month low of $7.25 and a twelve month high of $17.35.
Large investors have recently modified their holdings of the business. Teacher Retirement System of Texas acquired a new stake in shares of TG Therapeutics during the fourth quarter worth $151,000. MetLife Investment Advisors LLC acquired a new stake in shares of TG Therapeutics during the fourth quarter worth $172,000. Ellington Management Group LLC acquired a new stake in shares of TG Therapeutics during the fourth quarter worth $203,000. First Mercantile Trust Co. raised its holdings in shares of TG Therapeutics by 28.6% during the fourth quarter. First Mercantile Trust Co. now owns 26,701 shares of the biopharmaceutical company’s stock worth $219,000 after purchasing an additional 5,938 shares during the period. Finally, Nexthera Capital LP acquired a new stake in shares of TG Therapeutics during the fourth quarter worth $246,000. 47.33% of the stock is currently owned by institutional investors.
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About TG Therapeutics
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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