Tetraphase Pharmaceuticals (NASDAQ:TTPH) issued its earnings results on Thursday. The biopharmaceutical company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.02), Morningstar.com reports. Tetraphase Pharmaceuticals had a negative net margin of 421.64% and a negative return on equity of 67.34%. The company had revenue of $1.15 million during the quarter, compared to analyst estimates of $2.09 million.
NASDAQ:TTPH traded down $0.08 during trading hours on Friday, reaching $2.17. 808,354 shares of the company’s stock were exchanged, compared to its average volume of 678,728. The stock has a market cap of $118.93 million, a P/E ratio of -0.83 and a beta of 2.67. Tetraphase Pharmaceuticals has a 1-year low of $2.01 and a 1-year high of $6.97.
A number of large investors have recently modified their holdings of TTPH. Dimensional Fund Advisors LP boosted its stake in Tetraphase Pharmaceuticals by 28.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,832,741 shares of the biopharmaceutical company’s stock worth $5,627,000 after purchasing an additional 409,567 shares during the period. UBS Group AG acquired a new stake in Tetraphase Pharmaceuticals during the 1st quarter worth $1,130,000. Bank of New York Mellon Corp boosted its stake in Tetraphase Pharmaceuticals by 20.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 289,970 shares of the biopharmaceutical company’s stock worth $1,035,000 after purchasing an additional 49,332 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Tetraphase Pharmaceuticals during the 2nd quarter worth $179,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Tetraphase Pharmaceuticals by 9.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,630 shares of the biopharmaceutical company’s stock worth $984,000 after purchasing an additional 23,337 shares during the period. Hedge funds and other institutional investors own 41.02% of the company’s stock.
TTPH has been the subject of several research analyst reports. HC Wainwright restated a “buy” rating on shares of Tetraphase Pharmaceuticals in a report on Monday, July 16th. ValuEngine cut shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Zacks Investment Research upgraded shares of Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Thursday, August 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Tetraphase Pharmaceuticals in a research note on Friday, August 3rd. Finally, B. Riley increased their price target on shares of Tetraphase Pharmaceuticals from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Tetraphase Pharmaceuticals currently has an average rating of “Hold” and an average target price of $6.16.
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Tetraphase Pharmaceuticals Company Profile
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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