Tetraphase Pharmaceuticals (NASDAQ:TTPH) issued its quarterly earnings data on Thursday. The biopharmaceutical company reported ($0.37) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.02), Morningstar.com reports. The business had revenue of $1.15 million during the quarter, compared to the consensus estimate of $2.09 million. Tetraphase Pharmaceuticals had a negative return on equity of 67.34% and a negative net margin of 421.64%.
Shares of TTPH traded down $0.08 on Friday, reaching $2.17. The stock had a trading volume of 808,354 shares, compared to its average volume of 678,728. The stock has a market cap of $118.93 million, a PE ratio of -0.83 and a beta of 2.67. Tetraphase Pharmaceuticals has a 12-month low of $2.01 and a 12-month high of $6.97.
A number of equities research analysts have recently weighed in on TTPH shares. B. Riley lifted their price objective on Tetraphase Pharmaceuticals from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research lowered Tetraphase Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. WBB Securities upgraded Tetraphase Pharmaceuticals from a “speculative buy” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Thursday, September 6th. Piper Jaffray Companies cut their price objective on Tetraphase Pharmaceuticals to $6.00 and set an “overweight” rating on the stock in a research report on Thursday, October 11th. Finally, ValuEngine cut Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Tetraphase Pharmaceuticals currently has a consensus 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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