Talphera (NASDAQ:TLPH) Trading 3.2% Higher – Here’s Why

Talphera, Inc. (NASDAQ:TLPH) traded up 3.2% during mid-day trading on Wednesday . The company traded as high as $1.30 and last traded at $1.30. 218,434 shares changed hands during trading, a decline of 74% from the average session volume of 834,418 shares. The stock had previously closed at $1.26.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TLPH shares. Wall Street Zen upgraded shares of Talphera to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Talphera in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Talphera Stock Performance

The company has a market capitalization of $60.59 million, a P/E ratio of -3.42 and a beta of 0.25. The stock’s fifty day moving average price is $1.20 and its 200-day moving average price is $0.77.

Talphera (NASDAQ:TLPH) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. On average, research analysts predict that Talphera, Inc. will post -0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Talphera

Large investors have recently modified their holdings of the stock. AIGH Capital Management LLC bought a new position in Talphera in the 3rd quarter valued at about $3,979,000. Rosalind Advisors Inc. boosted its holdings in shares of Talphera by 118.9% during the third quarter. Rosalind Advisors Inc. now owns 4,385,757 shares of the company’s stock worth $3,917,000 after acquiring an additional 2,381,818 shares during the period. Nantahala Capital Management LLC grew its position in shares of Talphera by 75.3% in the third quarter. Nantahala Capital Management LLC now owns 3,492,519 shares of the company’s stock valued at $3,120,000 after purchasing an additional 1,500,000 shares during the last quarter. Dauntless Investment Group LLC bought a new position in shares of Talphera during the third quarter worth approximately $89,000. Finally, Virtu Financial LLC bought a new position in shares of Talphera during the third quarter worth approximately $29,000. 37.67% of the stock is owned by institutional investors.

About Talphera

Talphera, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of therapies for use in medically supervised settings. Its lead product candidate is Niyad, a lyophilized formulation of nafamostat, which is under an investigational device exemption as an anticoagulant for the extracorporeal circuit.