vTv Therapeutics Inc (VTVT) Given Average Rating of “Buy” by Brokerages

vTv Therapeutics Inc (NASDAQ:VTVT) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.00.

A number of equities analysts recently weighed in on VTVT shares. Zacks Investment Research raised vTv Therapeutics from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Saturday, September 30th. Citigroup reaffirmed an “add” rating on shares of vTv Therapeutics in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 target price on shares of vTv Therapeutics in a research note on Friday, November 3rd. Finally, Canaccord Genuity set a $15.00 target price on vTv Therapeutics and gave the company a “buy” rating in a research note on Thursday, December 21st.

In other news, Director Paul G. Savas purchased 15,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $4.56 per share, with a total value of $68,400.00. Following the purchase, the director now owns 81,781 shares in the company, valued at approximately $372,921.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in vTv Therapeutics in the 3rd quarter worth approximately $481,000. State Street Corp lifted its holdings in vTv Therapeutics by 2.1% in the 2nd quarter. State Street Corp now owns 98,016 shares of the biotechnology company’s stock worth $486,000 after purchasing an additional 1,976 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in vTv Therapeutics by 62.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 264,214 shares of the biotechnology company’s stock worth $1,313,000 after purchasing an additional 101,850 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in vTv Therapeutics by 4.8% in the 1st quarter. Renaissance Technologies LLC now owns 63,800 shares of the biotechnology company’s stock worth $418,000 after purchasing an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 10.42% of the company’s stock.

vTv Therapeutics (NASDAQ:VTVT) opened at $4.05 on Thursday. The firm has a market capitalization of $135.19 and a PE ratio of -2.47. vTv Therapeutics has a 12 month low of $3.57 and a 12 month high of $8.09.

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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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