TG Therapeutics (TGTX) Trading Up 7.1%

TG Therapeutics Inc (NASDAQ:TGTX) was up 7.1% during trading on Monday . The stock traded as high as $4.53 and last traded at $4.52. Approximately 1,772,076 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 1,423,353 shares. The stock had previously closed at $4.22.

Several equities research analysts have recently commented on TGTX shares. B. Riley assumed coverage on shares of TG Therapeutics in a research note on Tuesday, January 8th. They issued a “buy” rating and a $10.00 target price on the stock. HC Wainwright restated a “buy” rating on shares of TG Therapeutics in a research report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of TG Therapeutics from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research report on Friday, November 16th. Jefferies Financial Group restated a “buy” rating and issued a $8.00 price target on shares of TG Therapeutics in a research report on Wednesday, February 6th. Finally, BidaskClub upgraded shares of TG Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. TG Therapeutics has an average rating of “Buy” and a consensus price target of $13.58.

The company has a market capitalization of $350.67 million, a P/E ratio of -2.37 and a beta of 2.07.

TG Therapeutics (NASDAQ:TGTX) last issued its quarterly earnings results on Friday, November 9th. The biopharmaceutical company reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.55) by $0.12. The business had revenue of $0.04 million for the quarter, compared to the consensus estimate of $0.04 million. TG Therapeutics had a negative net margin of 99,001.33% and a negative return on equity of 185.20%. Sell-side analysts expect that TG Therapeutics Inc will post -2.03 EPS for the current year.

In related news, CFO Sean A. Power sold 37,275 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $4.13, for a total transaction of $153,945.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.10% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in TG Therapeutics by 2.2% during the 4th quarter. BlackRock Inc. now owns 4,519,331 shares of the biopharmaceutical company’s stock worth $18,529,000 after buying an additional 98,479 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of TG Therapeutics by 9.6% during the third quarter. Vanguard Group Inc. now owns 3,058,080 shares of the biopharmaceutical company’s stock valued at $17,125,000 after acquiring an additional 268,483 shares during the period. Vanguard Group Inc lifted its stake in shares of TG Therapeutics by 9.6% during the third quarter. Vanguard Group Inc now owns 3,058,080 shares of the biopharmaceutical company’s stock valued at $17,125,000 after acquiring an additional 268,483 shares during the period. Highland Capital Management LP lifted its stake in shares of TG Therapeutics by 60.5% during the third quarter. Highland Capital Management LP now owns 753,151 shares of the biopharmaceutical company’s stock valued at $4,218,000 after acquiring an additional 283,910 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of TG Therapeutics by 19.3% during the second quarter. Northern Trust Corp now owns 751,725 shares of the biopharmaceutical company’s stock valued at $9,885,000 after acquiring an additional 121,424 shares during the period. 57.47% of the stock is currently owned by hedge funds and other institutional investors.

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About TG Therapeutics (NASDAQ:TGTX)

TG Therapeutics, Inc, a biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases in the United States. It develops TG-1101 (ublituximab), a chimeric, glycoengineered monoclonal antibody that targets an epitope on the CD20 antigen found on the surface of B-lymphocytes developed to aid in the depletion of circulating B-cells; and TG-1101 in combination with TGR-1202 for relapsed/refractory chronic lymphocytic leukemia.

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