TG Therapeutics Inc (NASDAQ:TGTX) dropped 5.1% during mid-day trading on Friday . The stock traded as low as $14.85 and last traded at $14.95. Approximately 1,536,433 shares changed hands during trading, a decline of 6% from the average daily volume of 1,641,365 shares. The stock had previously closed at $15.75.
TGTX has been the topic of several analyst reports. BidaskClub upgraded TG Therapeutics from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th. B. Riley restated a “buy” rating and set a $21.50 price objective on shares of TG Therapeutics in a report on Wednesday, January 17th. HC Wainwright restated a “buy” rating and set a $33.00 price objective on shares of TG Therapeutics in a report on Monday, January 8th. Zacks Investment Research cut TG Therapeutics from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. Finally, ValuEngine upgraded TG Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.60.
The firm has a market cap of $1,129.92, a price-to-earnings ratio of -7.83 and a beta of 1.40.
In related news, CFO Sean A. Power sold 32,006 shares of TG Therapeutics stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $8.50, for a total value of $272,051.00. Following the transaction, the chief financial officer now owns 517,464 shares in the company, valued at $4,398,444. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of TGTX. Senzar Asset Management LLC boosted 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 acquiring an additional 491,678 shares during the last quarter. University of Notre Dame DU Lac acquired a new position in TG Therapeutics in the fourth quarter valued at $2,483,000. Goldman Sachs Group Inc. boosted its holdings in TG Therapeutics by 1,335.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 311,793 shares of the biopharmaceutical company’s stock valued at $2,557,000 after acquiring an additional 290,066 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in TG Therapeutics by 39.0% in the fourth quarter. Kennedy Capital Management Inc. now owns 585,439 shares of the biopharmaceutical company’s stock valued at $4,801,000 after acquiring an additional 164,210 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in TG Therapeutics by 176.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 243,485 shares of the biopharmaceutical company’s stock valued at $2,886,000 after acquiring an additional 155,535 shares during the last quarter. Hedge funds and other institutional investors own 50.63% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3299583/tg-therapeutics-tgtx-stock-price-down-5-1.html.
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.
Receive News & Ratings for TG Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TG Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.