TherapeuticsMD (NASDAQ:TXMD) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a report issued on Saturday, Zacks.com reports.
According to Zacks, "TherapeuticsMD, Inc. is a specialty pharmaceutical company focused on creating branded prescription, generic prescription and over-the-counter products targeted exclusively for women. It is developing three advanced hormone replacement products designed to alleviate the symptoms of and reduce the health risks resulting from menopause-related hormone deficiencies. TherapeuticsMD, Inc. is based in Boca Raton, Florida. "
A number of other equities research analysts also recently weighed in on the company. HC Wainwright reaffirmed a "buy" rating and set a $5.00 price objective (down previously from $6.00) on shares of TherapeuticsMD in a research report on Thursday, May 7th. Noble Financial reaffirmed a "buy" rating and set a $10.00 price objective on shares of TherapeuticsMD in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. downgraded TherapeuticsMD from an "overweight" rating to a "neutral" rating in a research report on Tuesday, May 19th. Stifel Nicolaus raised their price objective on TherapeuticsMD from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, April 16th. Finally, BidaskClub raised TherapeuticsMD from a "sell" rating to a "hold" rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. TherapeuticsMD currently has an average rating of "Buy" and a consensus price target of $8.32.
Shares of TherapeuticsMD stock traded down $0.10 during trading on Friday, hitting $1.85. 5,438,929 shares of the stock traded hands, compared to its average volume of 5,492,363. The firm has a market cap of $502.61 million, a P/E ratio of -2.43 and a beta of 2.16. The company has a current ratio of 3.44, a quick ratio of 3.20 and a debt-to-equity ratio of 22.15. TherapeuticsMD has a 52-week low of $0.85 and a 52-week high of $4.32. The stock's fifty day simple moving average is $1.52 and its 200 day simple moving average is $1.56.
TherapeuticsMD (NASDAQ:TXMD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). TherapeuticsMD had a negative net margin of 333.88% and a negative return on equity of 1,170.63%. The company had revenue of $12.25 million for the quarter, compared to the consensus estimate of $11.48 million. As a group, equities analysts expect that TherapeuticsMD will post -0.6 EPS for the current year.
In other TherapeuticsMD news, CEO Robert G. Finizio purchased 30,000 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $1.15 per share, with a total value of $34,500.00. Following the completion of the acquisition, the chief executive officer now owns 18,335,964 shares in the company, valued at $21,086,358.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. 13.76% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in TXMD. ETRADE Capital Management LLC acquired a new stake in shares of TherapeuticsMD during the first quarter worth about $27,000. Wedbush Securities Inc. acquired a new stake in shares of TherapeuticsMD during the second quarter worth about $30,000. IPG Investment Advisors LLC lifted its holdings in shares of TherapeuticsMD by 48.5% during the first quarter. IPG Investment Advisors LLC now owns 30,605 shares of the company's stock worth $32,000 after purchasing an additional 10,000 shares during the period. MBM Wealth Consultants LLC acquired a new stake in shares of TherapeuticsMD during the first quarter worth about $32,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of TherapeuticsMD by 18.7% during the first quarter. Public Employees Retirement Association of Colorado now owns 48,054 shares of the company's stock worth $51,000 after purchasing an additional 7,554 shares during the period. 67.02% of the stock is owned by hedge funds and other institutional investors.
TherapeuticsMD Company Profile
TherapeuticsMD, Inc operates as a women's healthcare company in the United States. The company offers IMVEXXY for the treatment of moderate-to-severe dyspareunia; BIJUVA, a bio-identical hormone therapy combination of 17ß-estradiol and progesterone for the treatment of moderate-to-severe vasomotor symptoms; and ANNOVERA, a ring-shaped contraceptive vaginal system.
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