Theravance Biopharma, Inc. (NASDAQ:TBPH – Get Free Report) SVP Rhonda Farnum sold 13,314 shares of Theravance Biopharma stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $17.03, for a total transaction of $226,737.42. Following the completion of the transaction, the senior vice president directly owned 213,476 shares in the company, valued at approximately $3,635,496.28. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Theravance Biopharma Stock Up 0.1%
NASDAQ:TBPH opened at $17.04 on Friday. The firm has a market capitalization of $884.72 million, a P/E ratio of 16.87 and a beta of 0.25. The company has a fifty day moving average of $16.96 and a 200 day moving average of $16.40. Theravance Biopharma, Inc. has a 52 week low of $13.08 and a 52 week high of $21.03.
Theravance Biopharma (NASDAQ:TBPH – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The biopharmaceutical company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.18). The firm had revenue of $20.73 million during the quarter, compared to analysts’ expectations of $22.49 million. Theravance Biopharma had a net margin of 51.58% and a negative return on equity of 0.77%. As a group, analysts anticipate that Theravance Biopharma, Inc. will post 1.56 EPS for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on TBPH
Institutional Trading of Theravance Biopharma
A number of hedge funds have recently modified their holdings of TBPH. Dimensional Fund Advisors LP increased its stake in shares of Theravance Biopharma by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 983,615 shares of the biopharmaceutical company’s stock worth $15,960,000 after acquiring an additional 124,658 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Theravance Biopharma during the fourth quarter valued at $6,342,000. Bank of America Corp DE raised its position in shares of Theravance Biopharma by 78.2% in the 1st quarter. Bank of America Corp DE now owns 189,155 shares of the biopharmaceutical company’s stock worth $3,070,000 after purchasing an additional 82,978 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Theravance Biopharma during the 2nd quarter valued at about $2,190,000. Finally, Renaissance Technologies LLC purchased a new position in Theravance Biopharma in the first quarter worth about $2,076,000. Institutional investors own 99.10% of the company’s stock.
Theravance Biopharma Company Profile
Theravance Biopharma, Inc is a biopharmaceutical company focused on developing and commercializing medicines for serious respiratory and immune-mediated diseases. The company’s work centers on therapies designed to address significant unmet medical needs and improve treatment options for patients.
Its principal commercial product is YUPELRI (revefenacin), a once-daily nebulized long-acting muscarinic antagonist used as a maintenance treatment for chronic obstructive pulmonary disease (COPD) in adults.
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