Several other research firms also recently weighed in on TXMD. Zacks Investment Research downgraded TherapeuticsMD from a hold rating to a sell rating in a report on Friday, August 17th. Oppenheimer set a $14.00 target price on TherapeuticsMD and gave the company a buy rating in a report on Wednesday, September 26th. ValuEngine raised TherapeuticsMD from a hold rating to a buy rating in a report on Friday, September 21st. Finally, BidaskClub cut TherapeuticsMD from a hold rating to a sell rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $13.45.
Shares of TherapeuticsMD stock traded down $0.04 on Wednesday, hitting $4.93. The stock had a trading volume of 1,868,728 shares, compared to its average volume of 3,371,973. TherapeuticsMD has a 52-week low of $4.30 and a 52-week high of $7.66. The company has a debt-to-equity ratio of 0.94, a current ratio of 7.88 and a quick ratio of 7.79.
In related news, insider John C.K. Iv Milligan sold 250,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $6.10, for a total value of $1,525,000.00. Following the transaction, the insider now owns 1,597,419 shares in the company, valued at approximately $9,744,255.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Finizio sold 184,000 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $6.24, for a total value of $1,148,160.00. Following the completion of the transaction, the chief executive officer now owns 18,485,559 shares in the company, valued at approximately $115,349,888.16. The disclosure for this sale can be found here. Insiders sold a total of 2,158,800 shares of company stock worth $12,946,562 in the last 90 days. 22.85% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. OppenheimerFunds Inc. increased its position in TherapeuticsMD by 17.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,932,439 shares of the company’s stock valued at $12,058,000 after acquiring an additional 286,123 shares during the period. BlackRock Inc. increased its position in TherapeuticsMD by 4.4% in the 2nd quarter. BlackRock Inc. now owns 14,533,524 shares of the company’s stock valued at $90,690,000 after acquiring an additional 608,470 shares during the period. Xact Kapitalforvaltning AB increased its position in TherapeuticsMD by 96.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 31,800 shares of the company’s stock valued at $155,000 after acquiring an additional 15,600 shares during the period. Public Employees Retirement Association of Colorado increased its position in TherapeuticsMD by 2,545.7% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 1,071,500 shares of the company’s stock valued at $6,686,000 after acquiring an additional 1,031,000 shares during the period. Finally, Twin Focus Capital Partners LLC acquired a new position in TherapeuticsMD in the 2nd quarter valued at about $187,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
TherapeuticsMD Company Profile
TherapeuticsMD, Inc operates as a women's health care product company. Its pipeline of hormone therapy drug candidates include TX-001HR, a combination of estradiol and progesterone drug candidate under clinical trials for the treatment of moderate to severe vasomotor symptoms due to menopause; TX-002HR, a natural progesterone formulation for the treatment of secondary amenorrhea without the potentially allergenic component of peanut oil; and TX-004HR, an applicator-free vaginal estradiol softgel drug candidate for the treatment of moderate to severe dyspareunia, a symptom of vulvar and vaginal atrophy in post-menopausal women with vaginal linings that do not receive enough estrogen.
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