Canaccord Genuity set a $15.00 price target on vTv Therapeutics (NASDAQ:VTVT) in a research note published on Thursday morning. The firm currently has a buy rating on the biotechnology company’s stock.
A number of other brokerages also recently commented on VTVT. Stifel Nicolaus reiterated a buy rating and set a $12.00 price objective on shares of vTv Therapeutics in a research report on Friday, November 3rd. Zacks Investment Research downgraded vTv Therapeutics from a buy rating to a hold rating in a research report on Thursday, October 5th. Finally, Citigroup reiterated an add rating on shares of vTv Therapeutics in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $14.10.
Shares of vTv Therapeutics (NASDAQ:VTVT) opened at $4.15 on Thursday. vTv Therapeutics has a 52-week low of $3.57 and a 52-week high of $8.09. The company has a market capitalization of $127.57 and a price-to-earnings ratio of -2.53.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VTVT. Ameriprise Financial Inc. lifted its holdings in shares of vTv Therapeutics by 62.7% in the second quarter. Ameriprise Financial Inc. now owns 264,214 shares of the biotechnology company’s stock valued at $1,313,000 after purchasing an additional 101,850 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of vTv Therapeutics in the third quarter valued at $481,000. Renaissance Technologies LLC lifted its holdings in shares of vTv Therapeutics by 4.8% in the first quarter. Renaissance Technologies LLC now owns 63,800 shares of the biotechnology company’s stock valued at $418,000 after purchasing an additional 2,900 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of vTv Therapeutics by 2.1% in the second quarter. State Street Corp now owns 98,016 shares of the biotechnology company’s stock valued at $486,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors own 10.42% of the company’s stock.
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vTv Therapeutics Company Profile
vTv Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of orally administered small molecule drug candidates. Its drug candidate for the treatment of Alzheimer’s disease (AD) is azeliragon (TTP488), an orally administered, small molecule antagonist targeting the receptor for advanced glycation endproducts (RAGE), for which it has commenced patient enrollment in a Phase III clinical trial.
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