Tempest Therapeutics (NASDAQ:TPST) Receives New Coverage from Analysts at Jefferies Financial Group

Investment analysts at Jefferies Financial Group began coverage on shares of Tempest Therapeutics (NASDAQ:TPSTGet Free Report) in a research note issued on Thursday, Briefing.com reports. The firm set a “buy” rating and a $15.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 258.00% from the stock’s previous close.

Separately, HC Wainwright raised their target price on shares of Tempest Therapeutics from $35.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th.

View Our Latest Analysis on TPST

Tempest Therapeutics Stock Performance

Shares of NASDAQ:TPST opened at $4.19 on Thursday. Tempest Therapeutics has a 52 week low of $0.17 and a 52 week high of $9.77. The stock has a market capitalization of $80.66 million, a P/E ratio of -1.90 and a beta of -1.73. The firm has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $2.67. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.49.

Tempest Therapeutics (NASDAQ:TPSTGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.07. On average, analysts expect that Tempest Therapeutics will post -1.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tempest Therapeutics

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP bought a new stake in shares of Tempest Therapeutics in the 1st quarter valued at about $26,000. Millennium Management LLC bought a new stake in shares of Tempest Therapeutics in the 2nd quarter valued at about $29,000. Geode Capital Management LLC grew its position in shares of Tempest Therapeutics by 52.9% in the 2nd quarter. Geode Capital Management LLC now owns 102,244 shares of the company’s stock worth $130,000 after buying an additional 35,372 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Tempest Therapeutics by 290.2% in the 2nd quarter. Renaissance Technologies LLC now owns 103,401 shares of the company’s stock worth $131,000 after buying an additional 76,901 shares during the last quarter. Finally, Worth Venture Partners LLC purchased a new position in shares of Tempest Therapeutics in the 2nd quarter worth approximately $129,000. Institutional investors own 28.73% of the company’s stock.

About Tempest Therapeutics

(Get Free Report)

Tempest Therapeutics, Inc, a clinical-stage oncology company, develops small molecule therapeutics that combine both tumor-targeted and immune-mediated mechanisms to treat various tumors. The company's two clinical programs are TPST-1495, a dual antagonist of EP2 and EP4, receptors of prostaglandin E2, which is in a Phase 1 trial to treat solid tumors; and TPST-1120, a selective antagonist of peroxisome proliferator-activated receptor alpha that is in a Phase 1 trial for the treatment of solid tumors.

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