Tarsus Pharmaceuticals Inc (NASDAQ:TARS)’s traded shares stood at 0.65 million during the last session, with the company’s beta value hitting 1.06. At the close of trading, the stock’s price was $25.53, to imply an increase of 0.87% or $0.22 in intraday trading. The TARS share’s 52-week high remains $42.50, putting it -66.47% down since that peak but still an impressive 50.76% since price per share fell to its 52-week low of $12.57. The company has a valuation of $971.16M, with an average of 0.9 million shares in intraday trading volume over the past 10 days and average of 745.83K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Tarsus Pharmaceuticals Inc (TARS), translating to a mean rating of 1.38. Of 4 analyst(s) looking at the stock, 0 analyst(s) give TARS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.93.
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Tarsus Pharmaceuticals Inc (NASDAQ:TARS) trade information
After registering a 0.87% upside in the last session, Tarsus Pharmaceuticals Inc (TARS) has traded red over the past five days. The 5-day price performance for the stock is -0.62%, and -9.60% over 30 days. With these gigs, the year-to-date price performance is 26.07%. Short interest in Tarsus Pharmaceuticals Inc (NASDAQ:TARS) saw shorts transact 9.76 million shares and set a 14.12 days time to cover.
The extremes give us $61 and $61 for target low and target high price respectively. As such, TARS has been trading -138.93% off suggested target high and -138.93% from its likely low.
Tarsus Pharmaceuticals Inc (TARS) estimates and forecasts
Looking at statistics comparing Tarsus Pharmaceuticals Inc share performance against respective industry, we note that the company has outperformed competitors. Tarsus Pharmaceuticals Inc (TARS) shares are -19.46% down over the last 6 months, with its year-to-date growth rate higher than industry average at 20.35% against 18.60%. Revenue is forecast to grow 27.30% this quarter before jumping 28.20% for the next one. The rating firms project that company’s revenue will grow 827.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 42.95M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 50.37M.Earnings reports from the last fiscal year show that sales brought in 400k and 13.08M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 10,637.50% before jumping 285.20% in the following quarter.
TARS Dividends
Tarsus Pharmaceuticals Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Tarsus Pharmaceuticals Inc (NASDAQ:TARS)’s Major holders
Tarsus Pharmaceuticals Inc insiders hold 8.77% of total outstanding shares, with institutional holders owning 111.19% of the shares at 121.88% float percentage. In total, 111.19% institutions holds shares in the company, led by RTW INVESTMENTS, LP. As of 2024-06-30, the company held over 3.41 million shares (or 9.6669% of shares), all amounting to roughly $92.75 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 3.27 million shares, or about 9.254% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $88.79 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Tarsus Pharmaceuticals Inc (TARS) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 1.1 shares. This is just over 2.90% of the total shares, with a market valuation of $28.21 million. Data from the same date shows that the other fund manager holds a little less at 896.18, or 2.36% of the shares, all valued at about 22.88 million.
