Tourmaline Bio (NASDAQ:TRML – Get Free Report) had its target price hoisted by equities research analysts at HC Wainwright from $48.00 to $49.00 in a report released on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s price target would suggest a potential upside of 87.31% from the company’s current price.
Separately, Cantor Fitzgerald upgraded shares of Tourmaline Bio to a “strong-buy” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Tourmaline Bio currently has an average rating of “Buy” and a consensus price target of $65.00.
Read Our Latest Stock Report on Tourmaline Bio
Tourmaline Bio Stock Down 7.6 %
Tourmaline Bio (NASDAQ:TRML – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.78) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.06. On average, equities research analysts anticipate that Tourmaline Bio will post -3.08 EPS for the current year.
Insider Buying and Selling at Tourmaline Bio
In related news, CEO Sandeep Chidambar Kulkarni acquired 5,221 shares of the business’s stock in a transaction on Friday, August 16th. The stock was bought at an average cost of $13.79 per share, with a total value of $71,997.59. Following the completion of the acquisition, the chief executive officer now owns 5,221 shares in the company, valued at $71,997.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.02% of the company’s stock.
Institutional Trading of Tourmaline Bio
Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in Tourmaline Bio during the 1st quarter worth approximately $31,000. Swiss National Bank acquired a new stake in shares of Tourmaline Bio in the first quarter valued at $733,000. Vanguard Group Inc. raised its holdings in shares of Tourmaline Bio by 19.7% in the first quarter. Vanguard Group Inc. now owns 914,519 shares of the company’s stock valued at $20,942,000 after buying an additional 150,767 shares during the last quarter. StemPoint Capital LP acquired a new position in Tourmaline Bio during the 1st quarter worth about $6,280,000. Finally, Nan Fung Group Holdings Ltd bought a new stake in Tourmaline Bio during the 1st quarter worth about $481,000. Institutional investors and hedge funds own 91.89% of the company’s stock.
About Tourmaline Bio
Tourmaline Bio, Inc operates as a clinical biotechnology company that develops medicines for patients with life-altering immune and inflammatory diseases. It develops TOUR006, a human anti-IL-6 monoclonal antibody that selectively binds to interleukin-6, a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders.
Recommended Stories
- Five stocks we like better than Tourmaline Bio
- What Does a Stock Split Mean?
- Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025
- How to Use the MarketBeat Dividend Calculator
- Is Tesla’s Valuation a Bubble or Backed by Real Growth?
- Health Care Stocks Explained: Why You Might Want to Invest
- Trucking Stocks Led the Pack Last Week: Can They Keep Rolling?
Receive News & Ratings for Tourmaline Bio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tourmaline Bio and related companies with MarketBeat.com's FREE daily email newsletter.