Several other research firms have also issued reports on TXMD. BidaskClub upgraded TherapeuticsMD from a strong sell rating to a sell rating in a research report on Wednesday, October 25th. Jefferies Group restated a buy rating and issued a $15.00 price target on shares of TherapeuticsMD in a research report on Friday, September 8th. Noble Financial restated a buy rating on shares of TherapeuticsMD in a research report on Thursday, November 30th. Cantor Fitzgerald restated a buy rating and issued a $33.00 price target on shares of TherapeuticsMD in a research report on Monday, September 4th. Finally, Oppenheimer set a $10.00 price target on TherapeuticsMD and gave the stock a buy rating in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. TherapeuticsMD currently has an average rating of Buy and a consensus target price of $14.88.
Shares of TherapeuticsMD (TXMD) traded down $0.11 on Wednesday, reaching $6.06. The company’s stock had a trading volume of 6,273,200 shares, compared to its average volume of 2,932,273. TherapeuticsMD has a 52-week low of $3.50 and a 52-week high of $8.30.
In other TherapeuticsMD news, Director Tommy G. Thompson bought 5,000 shares of TherapeuticsMD stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $31,050.00. Following the completion of the acquisition, the director now owns 3,555 shares in the company, valued at approximately $22,076.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 23.92% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of TherapeuticsMD by 40.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,027,855 shares of the company’s stock valued at $112,783,000 after purchasing an additional 6,340,346 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TherapeuticsMD by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 25,877,864 shares of the company’s stock valued at $136,894,000 after purchasing an additional 2,985,846 shares during the period. Stifel Financial Corp raised its stake in shares of TherapeuticsMD by 377.9% in the 2nd quarter. Stifel Financial Corp now owns 2,052,030 shares of the company’s stock valued at $10,820,000 after purchasing an additional 1,622,668 shares during the period. Voya Investment Management LLC raised its stake in shares of TherapeuticsMD by 33.4% in the 2nd quarter. Voya Investment Management LLC now owns 2,959,107 shares of the company’s stock valued at $15,595,000 after purchasing an additional 741,588 shares during the period. Finally, State Street Corp raised its stake in shares of TherapeuticsMD by 14.9% in the 2nd quarter. State Street Corp now owns 4,486,585 shares of the company’s stock valued at $23,647,000 after purchasing an additional 583,094 shares during the period. Hedge funds and other institutional investors own 73.69% of the company’s stock.
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TherapeuticsMD, Inc is a women’s healthcare company engaged in creating and commercializing products for women. The Company is focused on pursuing regulatory approvals and pre-commercialization activities necessary for commercialization of its hormone therapy pharmaceutical products. Its drug candidates used in clinical trials are designed to alleviate symptoms of and reduce health risks resulting from menopause-related hormone deficiencies, including hot flashes, osteoporosis and vaginal discomfort.
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