TherapeuticsMD (TXMD) Receives a Buy from Noble Financial

By Austin Angelo

In a report issued on August 9, Ahu Demir from Noble Financial maintained a Buy rating on TherapeuticsMD (TXMDResearch Report), with a price target of $13. The company’s shares closed on Friday at $3.10.

According to TipRanks.com, Demir is a 3-star analyst with an average return of 5.7% and a 33.3% success rate. Demir covers the Healthcare sector, focusing on stocks such as Onconova Therapeutics, Dyadic International, and Electrocore Llc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TherapeuticsMD with a $9 average price target, implying a 190.3% upside from current levels. In a report issued on August 7, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $13 price target.

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The company has a one-year high of $6.94 and a one-year low of $1.82. Currently, TherapeuticsMD has an average volume of 3.76M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TXMD in relation to earlier this year.

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TherapeuticsMD, Inc. operates as a healthcare company, which focuses on developing and commercializing products for women. Its technology, SYMBODA, develops advanced hormone therapy pharmaceutical products to enable delivery of bio-identical hormones through a variety of dosage forms and administration routes.