
Tango Therapeutics, Inc. (NASDAQ:TNGX - Free Report) - Cantor Fitzgerald boosted their FY2025 EPS estimates for shares of Tango Therapeutics in a note issued to investors on Wednesday, August 6th. Cantor Fitzgerald analyst E. Schmidt now expects that the company will post earnings of ($0.97) per share for the year, up from their prior forecast of ($1.35). The consensus estimate for Tango Therapeutics' current full-year earnings is ($1.19) per share. Cantor Fitzgerald also issued estimates for Tango Therapeutics' FY2026 earnings at ($1.83) EPS.
Tango Therapeutics (NASDAQ:TNGX - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.35) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.35). The company had revenue of $3.18 million during the quarter, compared to analyst estimates of $6.41 million. Tango Therapeutics had a negative net margin of 599.11% and a negative return on equity of 79.72%.
A number of other research analysts also recently commented on the company. HC Wainwright reiterated a "buy" rating and set a $13.00 target price on shares of Tango Therapeutics in a research report on Monday, April 14th. Guggenheim increased their target price on Tango Therapeutics from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Wednesday.
Check Out Our Latest Report on Tango Therapeutics
Tango Therapeutics Stock Performance
TNGX remained flat at $6.61 during trading on Friday. 999,390 shares of the company's stock were exchanged, compared to its average volume of 1,985,156. Tango Therapeutics has a twelve month low of $1.03 and a twelve month high of $12.02. The business's 50-day simple moving average is $5.56 and its two-hundred day simple moving average is $3.18. The stock has a market capitalization of $735.43 million, a P/E ratio of -4.97 and a beta of 1.64.
Hedge Funds Weigh In On Tango Therapeutics
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in shares of Tango Therapeutics by 182.2% during the second quarter. CWM LLC now owns 4,905 shares of the company's stock worth $25,000 after purchasing an additional 3,167 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Tango Therapeutics during the fourth quarter worth about $33,000. Stonebrook Private Inc. acquired a new stake in shares of Tango Therapeutics during the fourth quarter worth about $34,000. Ameriprise Financial Inc. acquired a new stake in shares of Tango Therapeutics during the fourth quarter worth about $35,000. Finally, Savant Capital LLC acquired a new stake in shares of Tango Therapeutics during the second quarter worth about $61,000. Hedge funds and other institutional investors own 78.99% of the company's stock.
About Tango Therapeutics
(
Get Free Report)
Tango Therapeutics, Inc, a biotechnology company, discovers and develops drugs for the treatment of cancer. Its lead program is TNG908, a synthetic lethal small molecule inhibitor of protein arginine methyltransferase 5 that is being developed as a treatment for cancers with methylthioadenosine phosphorylase deletions.
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