vTv Therapeutics (NASDAQ:VTVT) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of vTv Therapeutics (NASDAQ:VTVT – Get Rating) in a research note issued to investors on Friday. The firm set a “sell” rating on the biotechnology company’s stock.

Several other analysts have also issued reports on the company. Zacks Investment Research raised vTv Therapeutics from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a report on Thursday. Cantor Fitzgerald assumed coverage on vTv Therapeutics in a research note on Friday, February 18th. They issued an “overweight” rating and a $5.00 price objective for the company.

Shares of VTVT opened at $0.40 on Friday. vTv Therapeutics has a one year low of $0.39 and a one year high of $2.88. The firm has a market capitalization of $36.18 million, a P/E ratio of -1.83 and a beta of -1.43. The business has a fifty day moving average of $0.65 and a 200 day moving average of $0.92.

vTv Therapeutics (NASDAQ:VTVT – Get Rating) last issued its quarterly earnings data on Tuesday, March 29th. The biotechnology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $1.00 million. On average, research analysts anticipate that vTv Therapeutics will post -0.2 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new stake in shares of vTv Therapeutics in the third quarter worth about $26,000. GSA Capital Partners LLP purchased a new stake in shares of vTv Therapeutics in the third quarter worth about $177,000. Rafferty Asset Management LLC purchased a new stake in shares of vTv Therapeutics in the third quarter worth about $83,000. Geode Capital Management LLC lifted its position in shares of vTv Therapeutics by 77.2% in the third quarter. Geode Capital Management LLC now owns 347,635 shares of the biotechnology company’s stock worth $531,000 after buying an additional 151,435 shares in the last quarter. Finally, Morgan Stanley raised its position in vTv Therapeutics by 114.6% during the third quarter. Morgan Stanley now owns 78,895 shares of the biotechnology company’s stock valued at $121,000 after purchasing an additional 42,139 shares during the period. Institutional investors own 7.35% of the company’s stock.

vTv Therapeutics Company Profile (Get Rating)

vTv Therapeutics Inc, a clinical-stage biopharmaceutical company, focuses on the development of orally administered treatments for diabetes. The company is developing TTP399, an orally administered, small molecule, and liver-selective glucokinase activator for the treatment of type 1 diabetes; and HPP737, an orally administered non-CNS penetrant phosphodiesterase type 4 (PDE4) inhibitor that addresses inflammatory diseases and psoriasis.

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