StockNews.com initiated coverage on shares of vTv Therapeutics (NASDAQ:VTVT - Free Report) in a research report released on Monday morning. The brokerage issued a sell rating on the biotechnology company's stock.
Separately, Alliance Global Partners assumed coverage on vTv Therapeutics in a research report on Monday, December 9th. They set a "buy" rating and a $35.00 price objective on the stock.
Check Out Our Latest Stock Analysis on VTVT
vTv Therapeutics Trading Down 2.8 %
vTv Therapeutics stock traded down $0.48 during trading on Monday, reaching $16.63. The company had a trading volume of 40,414 shares, compared to its average volume of 20,892. The firm's 50-day simple moving average is $16.29 and its 200 day simple moving average is $15.38. vTv Therapeutics has a 52 week low of $12.12 and a 52 week high of $30.99. The firm has a market capitalization of $53.03 million, a price-to-earnings ratio of -3.67 and a beta of 1.07.
Institutional Trading of vTv Therapeutics
Several institutional investors and hedge funds have recently modified their holdings of VTVT. Geode Capital Management LLC boosted its holdings in vTv Therapeutics by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 11,634 shares of the biotechnology company's stock worth $158,000 after buying an additional 1,327 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of vTv Therapeutics in the fourth quarter valued at about $25,000. Finally, FMR LLC bought a new position in shares of vTv Therapeutics in the third quarter worth about $2,402,000. 17.51% of the stock is currently owned by institutional investors.
vTv Therapeutics Company Profile
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vTv Therapeutics Inc, a clinical stage biopharmaceutical company, focuses on the development of orally administered treatments for metabolic and inflammatory diseases. The company's lead drug candidate is cadisegliatin (TTP399), an orally administered small molecule and liver-selective glucokinase activator that is in Phase III clinical trial for treating type 1 and type 2 diabetes; and TTP273, an orally available small molecule glucagon-like peptide 1 receptor agonists that is in Phase I clinical trial for the treatment of cystic fibrosis related diabetes, as well as in Phase II trial for the treatment of type 2 diabetes.
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