Tarsus Pharmaceuticals, Inc. (NASDAQ:TARS – Get Free Report) insider Jeffrey Farrow sold 14,396 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $60.95, for a total value of $877,436.20. Following the completion of the sale, the insider directly owned 56,801 shares in the company, valued at approximately $3,462,020.95. This represents a 20.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tarsus Pharmaceuticals Stock Up 2.9%
Shares of Tarsus Pharmaceuticals stock traded up $1.75 during midday trading on Wednesday, hitting $62.55. The company had a trading volume of 462,278 shares, compared to its average volume of 606,366. Tarsus Pharmaceuticals, Inc. has a 52-week low of $38.51 and a 52-week high of $85.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.71 and a current ratio of 3.74. The stock has a market capitalization of $2.69 billion, a P/E ratio of -54.87 and a beta of 0.49. The company has a 50 day moving average of $63.62 and a 200 day moving average of $69.67.
Tarsus Pharmaceuticals (NASDAQ:TARS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.24. Tarsus Pharmaceuticals had a negative return on equity of 14.19% and a negative net margin of 9.02%.The business had revenue of $162.05 million during the quarter, compared to analysts’ expectations of $149.60 million. On average, equities analysts predict that Tarsus Pharmaceuticals, Inc. will post -0.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Report on TARS
Institutional Investors Weigh In On Tarsus Pharmaceuticals
Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Tarsus Pharmaceuticals by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 2,399,560 shares of the company’s stock valued at $196,476,000 after acquiring an additional 127,470 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Tarsus Pharmaceuticals by 24.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 332,446 shares of the company’s stock valued at $27,221,000 after buying an additional 64,941 shares during the last quarter. Citigroup Inc. increased its position in Tarsus Pharmaceuticals by 78.1% during the third quarter. Citigroup Inc. now owns 40,591 shares of the company’s stock valued at $2,412,000 after acquiring an additional 17,797 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Tarsus Pharmaceuticals by 19.9% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 109,857 shares of the company’s stock valued at $8,995,000 after acquiring an additional 18,267 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in Tarsus Pharmaceuticals in the fourth quarter valued at about $1,493,000. 90.01% of the stock is currently owned by institutional investors.
Tarsus Pharmaceuticals Company Profile
Tarsus Pharmaceuticals, Inc is a clinical‐stage biopharmaceutical company focused on developing novel therapies for diseases of the eye and ocular surface. The company’s research platform centers on neuro‐effector modulation to address underlying disease mechanisms rather than solely treating symptoms. Tarsus’s lead candidate, OC-01 (varenicline solution), is an intranasal formulation in Phase 3 development for the treatment of dry eye disease, a condition affecting millions worldwide and associated with significant patient discomfort and reduced quality of life.
In addition to its dry eye program, Tarsus is advancing preclinical and early‐stage programs targeting other ophthalmic indications, including allergic conjunctivitis and retinal disorders.
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