TG Therapeutics Inc (NASDAQ:TGTX) shares shot up 1.8% during trading on Thursday . The company traded as high as $14.15 and last traded at $14.25. 296,055 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,550,473 shares. The stock had previously closed at $14.00.
A number of brokerages have recently commented on TGTX. B. Riley reiterated a “buy” rating and issued a $27.00 price target (up from $21.50) on shares of TG Therapeutics in a research note on Friday, March 9th. BidaskClub upgraded TG Therapeutics from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. ValuEngine upgraded TG Therapeutics from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Finally, HC Wainwright restated a “buy” rating and issued a $33.00 price objective on shares of TG Therapeutics in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.60.
The firm has a market cap of $993.87, a price-to-earnings ratio of -7.56 and a beta of 1.20.
A number of hedge funds and other institutional investors have recently bought and sold shares of TGTX. Senzar Asset Management LLC increased its holdings in TG Therapeutics by 56.9% in the fourth quarter. Senzar Asset Management LLC now owns 1,355,178 shares of the biopharmaceutical company’s stock valued at $11,112,000 after purchasing an additional 491,678 shares during the period. University of Notre Dame DU Lac acquired a new stake in TG Therapeutics during the 4th quarter worth about $2,483,000. Goldman Sachs Group Inc. grew its holdings in TG Therapeutics by 1,335.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 311,793 shares of the biopharmaceutical company’s stock worth $2,557,000 after acquiring an additional 290,066 shares during the period. Kennedy Capital Management Inc. grew its holdings in TG Therapeutics by 39.0% during the 4th quarter. Kennedy Capital Management Inc. now owns 585,439 shares of the biopharmaceutical company’s stock worth $4,801,000 after acquiring an additional 164,210 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in TG Therapeutics by 176.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 243,485 shares of the biopharmaceutical company’s stock worth $2,886,000 after acquiring an additional 155,535 shares during the period. Institutional investors and hedge funds own 47.33% 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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