Talphera (NASDAQ:TLPH) Rating Increased to Strong-Buy at RODMAN&RENSHAW

RODMAN&RENSHAW upgraded shares of Talphera (NASDAQ:TLPH) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

Several other brokerages have also issued reports on TLPH. Maxim Group upgraded Talphera to a “strong-buy” rating in a research note on Friday, November 8th. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Talphera in a research note on Tuesday, January 21st. Finally, Rodman & Renshaw assumed coverage on shares of Talphera in a report on Tuesday. They issued a “buy” rating and a $4.00 price target on the stock.

Talphera Price Performance

NASDAQ:TLPH opened at $0.73 on Tuesday. The stock has a market cap of $12.40 million, a P/E ratio of -1.06 and a beta of 0.28. The company has a fifty day moving average price of $0.65 and a 200 day moving average price of $0.81. Talphera has a one year low of $0.50 and a one year high of $1.61.

Institutional Investors Weigh In On Talphera

A hedge fund recently bought a new stake in Talphera stock. Rosalind Advisors Inc. acquired a new position in shares of Talphera, Inc. (NASDAQ:TLPH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 758,966 shares of the company’s stock, valued at approximately $650,000. Talphera comprises 0.4% of Rosalind Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. Rosalind Advisors Inc. owned about 4.47% of Talphera as of its most recent filing with the Securities and Exchange Commission. 37.67% of the stock is currently owned by hedge funds and other 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.