Friday, August 15, 2014 7:54:35 AM
Posted by Nolan Pearson on Aug 15th, 2014
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Zachs restated their outperform rating on shares of Titan Pharmaceuticals (NASDAQ:TTNP) in a report released on Thursday. Zacks currently has a $1.50 price objective on the stock.
Zacks’ analyst wrote, “On August 14, 2014, Titan Pharmaceuticals, Inc. announced results for the second quarter of 2014. Revenues were $0.9 million and resulted from the amortization of upfront payments from Braeburn Pharmaceuticals. Net loss for the quarter was $0.8 million, or $0.01 per share. Importantly, during the second quarter the company initiated the confirmatory Phase 3 study to support the resubmission of the NDA for Probuphine. The study is expected to be completed by mid-2015. We continue to believe Probuphine will eventually receive U.S. approval, now forecasted to occur during the first half of 2016. We are maintaining our Buy rating and $1.50 price target, which is roughly 125% upside from today’s price. “
Zacks has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of StarTek, Inc. from a neutral rating to an underperform rating. Their analysts now have a $6.60 price target on that stock. Also, Zacks reiterated its neutral rating on shares of SAP AG. They have a $81.00 price target on that stock. Finally, Zacks downgraded shares of Nokia Co. (ADR) from an outperform rating to a neutral rating. Their analysts now have a $8.25 price target on that stock.
Separately, analysts at Highline Research Advisors initiated coverage on shares of Titan Pharmaceuticals in a research note on Monday, July 7th. They set a buy rating and a $3.00 price target on the stock.
Shares of Titan Pharmaceuticals (NASDAQ:TTNP) opened at 0.675 on Thursday. Titan Pharmaceuticals has a 1-year low of $0.53 and a 1-year high of $1.27. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $0.69. The company has a market cap of $60.1 million and a price-to-earnings ratio of 689.00.
Titan Pharmaceuticals (NASDAQ:TTNP) last announced its earnings results on Wednesday, August 13th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. Analysts expect that Titan Pharmaceuticals will post $-0.05 EPS for the current fiscal year.
Titan Pharmaceuticals, Inc is a biopharmaceutical company developing proprietary therapeutics primarily for the treatment of central nervous system (NASDAQ:TTNP) disorders.
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Recent TTNP News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/21/2024 12:32:38 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 08/19/2024 08:23:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 08:22:56 PM
- Titan Pharmaceuticals Enters Into Merger Agreement With KE Sdn. Bhd. • GlobeNewswire Inc. • 08/19/2024 08:11:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/15/2024 01:29:55 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2024 01:29:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 09:33:11 PM
- Titan Pharmaceuticals Fully Compliant With NASDAQ Listing Criteria • GlobeNewswire Inc. • 01/25/2024 09:29:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/18/2024 09:59:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 10:13:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 09:30:20 PM
- Titan Pharmaceuticals Announces Reverse Stock Split and Ratio • GlobeNewswire Inc. • 12/28/2023 09:15:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/28/2023 09:47:46 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 11/17/2023 09:03:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/15/2023 09:05:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 08:33:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 08:31:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 08:29:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 08:25:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 08:23:37 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 10/24/2023 09:26:34 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 10/23/2023 07:07:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/16/2023 09:08:35 PM
- Titan Pharmaceuticals Announces Appointment of Dato' Seow Gim Shen and Brynner Chaim to the Company's Board of Directors • GlobeNewswire Inc. • 10/16/2023 08:37:23 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 10/04/2023 09:30:18 PM
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