Trillium Therapeutics (NASDAQ:TRIL) (TSE:TR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They presently have a $9.00 target price on the biotechnology company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 16.88% from the stock’s previous close.
According to Zacks, “Trillium Therapeutics Inc. is a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer. The company’s lead program, SIRPaFc (TTI-621), is a fusion protein that consists of the CD47-binding domain of human SIRPa linked to the Fc region of a human immunoglobulin (IgG1). It is designed to act as a soluble decoy receptor, preventing CD47 from delivering its inhibitory (do not eat) signal. Neutralization of the inhibitory CD47 signal enables the activation of macrophage anti-tumor effects by pro-phagocytic (eat) signals. A Phase 1 clinical trial (NCT02663518) evaluating SIRPaFc is ongoing. Trillium also has a proprietary medicinal chemistry platform, using unique fluorine chemistry, which permits the creation of new chemical entities from validated drugs and drug candidates with improved pharmacological properties. “
Several other equities research analysts have also issued reports on TRIL. ValuEngine upgraded Trillium Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, December 1st. HC Wainwright reiterated a “buy” rating and set a $10.00 price target on shares of Trillium Therapeutics in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.33.
Shares of Trillium Therapeutics (NASDAQ TRIL) opened at $7.70 on Friday. The stock has a market capitalization of $88.91, a PE ratio of -2.03 and a beta of 1.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.33 and a current ratio of 6.33. Trillium Therapeutics has a 1-year low of $4.15 and a 1-year high of $13.30.
A number of institutional investors and hedge funds have recently bought and sold shares of TRIL. AWM Investment Company Inc. acquired a new stake in Trillium Therapeutics in the 2nd quarter worth approximately $4,415,000. Janus Henderson Group PLC acquired a new stake in Trillium Therapeutics in the 2nd quarter worth approximately $2,395,000. Tekla Capital Management LLC acquired a new stake in Trillium Therapeutics in the 2nd quarter worth approximately $1,980,000. Victory Capital Management Inc. lifted its holdings in Trillium Therapeutics by 88.9% in the 2nd quarter. Victory Capital Management Inc. now owns 146,571 shares of the biotechnology company’s stock worth $645,000 after purchasing an additional 68,970 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in Trillium Therapeutics in the 2nd quarter worth approximately $264,000. Hedge funds and other institutional investors own 47.18% of the company’s stock.
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About Trillium Therapeutics
Trillium Therapeutics Inc, a clinical-stage immuno-oncology company, develops therapies for the treatment of cancer. The companys lead program is TTI-621, a SIRPaFc fusion protein that acts a soluble decoy receptor preventing CD47 from delivering its inhibitory signal, which is in Phase I clinical trial for advanced hematologic malignancies and solid tumors therapy.
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