According to Bloomberg Ratings, TG Therapeutics, Inc. (NASDAQ:TGTX) has received an average recommendation of “Moderate Buy” from the seven brokerages currently covering the company. Among these analysts, one recommends selling the stock, one suggests holding it, and five have assigned a buy rating to TG Therapeutics. The average twelve-month price objective among these brokerages is $23.14.
On September 27, 2023, NASDAQ TGTX shares opened at $8.77. The company has a market capitalization of $1.32 billion and a P/E ratio of -6.91, with a beta of 2.09. Over the past year, TG Therapeutics has seen a low of $4.86 and a high of $35.67 in its stock price. The company’s debt-to-equity ratio stands at 2.42, while its quick ratio is 2.45 and current ratio is 2.87.The 50-day moving average price for the company’s stock is $12.10, with the 200-day moving average sitting at $19.56.
Institutional investors have made recent changes to their positions in TG Therapeutics’ stock as well.Two institutional investment firms that have bought new positions in the stock during the first and second quarters are Ameritas Advisory Services LLC and RFP Financial Group LLC respectively.Additionally, Macquarie Group Ltd.’s position in TG Therapeutics grew by 102.3% during the second quarter.And finally,Coppell Advisory Solutions LLC and Nemes Rush Group LLC also added new positions in the stock during the second quarter.It is worth mentioning that institutional investors own approximately 57.92%of TG Therapeutics’stock.
TG Therapeutics last reported its quarterly earnings on August 1st.As per this report,the biopharmaceutical company disclosed an earnings per share (EPS) of ($0.34) for the quarter.This result falls short of analysts’ consensus estimates, which predicted an EPS of ($0.26), leading to a negative surprise of ($0.08). Furthermore, the firm recorded $16.07 million in revenue during this period, slightly below analyst estimates of $17.39 million.Notably, TG Therapeutics experienced a negative return on equity of 309.58% and a negative net margin of 730.34%. However, there was significant growth in revenue compared to the same quarter last year, with an increase of 2606.1%.In that previous quarter, the company had reported an EPS of ($0.30).
Looking ahead, equities analysts forecast that TG Therapeutics will post earnings per share of -0.77 for the current year.
References:
– Bloomberg Ratings.
– NASDAQ Stock Market.
– TSX Staff Report regarding TG Therapeutics Investors.
– Q2 Financial Results: NASDAQ.Subscribe for Comprehensive Coverage
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Navigating the Complexities of TG Therapeutics: Analyzing Analyst Reports and Insider Transactions
In recent weeks, TG Therapeutics (TGTX) has garnered the attention of analysts, with several reports highlighting the company’s stock and its future prospects. These reports have sparked a great deal of speculation and discussion among investors seeking to make informed decisions about their investments.
One notable report came from The Goldman Sachs Group, which upgraded TG Therapeutics shares from a “sell” rating to a more palatable “neutral” rating. This change in stance was accompanied by a decrease in the price target for the stock from $16.00 to $12.00. Such adjustments often cause perplexity among investors who are trying to ascertain the true value and potential growth of a company.
Another influential financial institution, JPMorgan Chase & Co., also weighed in with their analysis. They lowered their target price for TG Therapeutics shares from $34.00 to $22.00 but maintained an “overweight” rating on the stock. While it may be tempting to interpret this downgrade as a negative sign, it is essential to remember that market conditions and perceptions can vary greatly between different institutions.
HC Wainwright, on the other hand, provided a more optimistic outlook, reiterating their “buy” rating and setting a target price of $41.00 for TG Therapeutics shares. These contrasting views concerning the company’s future only add to the complexity surrounding investment decisions.
B. Riley also expressed confidence in TG Therapeutics’ long-term growth potential, maintaining their “buy” rating while adjusting their target price from $42.00 down to $32.00. Again, this revision may leave some investors wondering which direction is truly accurate and what factors have influenced these predictions.
Adding further intrigue to this situation is the recent share purchase by CEO Michael S. Weiss himself. On August 11th, Weiss acquired 100,000 shares at an average price of $10.13 per share, amounting to a substantial investment of $1,013,000.00. The CEO now holds an impressive 12,073,021 shares in the company, valued at approximately $122,299,702.73. Such investments by corporate insiders often pique the interest of investors and can lead to heightened speculation.
It is worth noting that it is not only analysts who are paying attention to these developments; regulatory bodies are also taking note. The Securities and Exchange Commission (SEC) mandates the disclosure of transactions by insiders in publicly traded companies for transparency and accountability purposes. Interested individuals can access this information through the SEC’s official website.
As we try to unravel the contradictory reports and actions surrounding TG Therapeutics, it becomes clear that investing in the stock market is indeed a perplexing endeavor. There is no shortage of opinions or interpretations when it comes to determining the value of a company’s stock.
Investors must exercise caution when making decisions based on analyst reports and insider transactions. It is crucial to conduct thorough research and consider multiple perspectives before reaching conclusions about a company’s growth trajectory.
Navigating the complexities of the stock market requires patience, diligence, and a deep understanding of both financial markets and individual companies alike. With rumors swirling and conflicting analysis clouding judgments, investors should tread carefully and formulate their strategies with utmost prudence.
