Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) was upgraded by research analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Separately, Aegis began coverage on shares of Tonix Pharmaceuticals Holding Corp. in a research report on Monday, June 26th. They issued a “buy” rating and a $10.00 price target on the stock.
Tonix Pharmaceuticals Holding Corp. (TNXP) opened at 2.97 on Friday. Tonix Pharmaceuticals Holding Corp. has a 1-year low of $2.91 and a 1-year high of $28.00. The company’s market capitalization is $22.30 million. The firm’s 50-day moving average is $3.90 and its 200-day moving average is $3.27.
Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) last released its quarterly earnings results on Monday, August 14th. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.78) by $0.13. Equities research analysts predict that Tonix Pharmaceuticals Holding Corp. will post ($3.16) EPS for the current year.
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In related news, CEO Seth Lederman acquired 20,000 shares of the stock in a transaction dated Tuesday, June 20th. The shares were acquired at an average price of $4.22 per share, for a total transaction of $84,400.00. Following the completion of the purchase, the chief executive officer now owns 7,912 shares in the company, valued at approximately $33,388.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest Mario sold 6,105 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $4.28, for a total transaction of $26,129.40. Following the completion of the sale, the director now owns 63,073 shares in the company, valued at approximately $269,952.44. The disclosure for this sale can be found here. In the last 90 days, insiders bought 30,000 shares of company stock worth $128,050. 4.00% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in TNXP. Citadel Advisors LLC bought a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the first quarter valued at about $119,000. Dialectic Capital Management LP bought a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the first quarter valued at about $187,000. Vanguard Group Inc. increased its stake in shares of Tonix Pharmaceuticals Holding Corp. by 28.8% in the second quarter. Vanguard Group Inc. now owns 184,377 shares of the company’s stock valued at $799,000 after buying an additional 41,264 shares during the last quarter. B. Riley Financial Inc. bought a new stake in shares of Tonix Pharmaceuticals Holding Corp. during the second quarter valued at about $1,637,000. Finally, Renaissance Technologies LLC increased its stake in shares of Tonix Pharmaceuticals Holding Corp. by 108.4% in the fourth quarter. Renaissance Technologies LLC now owns 774,603 shares of the company’s stock valued at $364,000 after buying an additional 402,898 shares during the last quarter. Institutional investors and hedge funds own 17.50% of the company’s stock.
Tonix Pharmaceuticals Holding Corp. Company Profile
Tonix Pharmaceuticals Holding Corp., a clinical-stage pharmaceutical company, engages in developing pharmaceutical products for central nervous system disorders. The companys lead program focuses on post-traumatic stress disorder (PTSD) that is characterized by chronic disability, inadequate treatment options, high utilization of healthcare services, and economic burden.
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