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Who are the Institutional Holders in Travere Therapeutics Inc (TVTX)?

Travere Therapeutics Inc (NASDAQ: TVTX) is -22.36% lower on its value in year-to-date trading and has touched a low of $5.25 and a high of $23.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TVTX stock was last observed hovering at around $7.04 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $6.98, the stock is -10.69% and -14.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.85% at the moment leaves the stock -32.10% off its SMA200. TVTX registered -68.96% loss for a year compared to 6-month loss of -17.10%. The firm has a 50-day simple moving average (SMA 50) of $2.57 and a 200-day simple moving average (SMA200) of -$1.15.

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The stock witnessed a -14.77% gain in the last 1 month and extending the period to 3 months gives it a -26.99%, and is -7.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.52% over the week and 6.45% over the month.

Travere Therapeutics Inc (TVTX) has around 380 employees, a market worth around $531.18M and $198.84M in sales. Profit margin for the company is -169.68%. Distance from 52-week low is 32.95% and -69.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.17%).

Travere Therapeutics Inc quarterly earnings per share for the current quarter are estimated at -$0.97 with sales reaching $44.37M over the same period.The EPS is expected to shrink by -96.83% this year, but quarterly earnings will post 48.80% year-over-year. Quarterly sales are estimated to shrink -22.10% in year-over-year returns.

241 institutions hold shares in Travere Therapeutics Inc (TVTX), with institutional investors hold 116.36% of the company’s shares. The shares outstanding are 75.37M, and float is at 75.03M with Short Float at 13.42%. Institutions hold 115.18% of the Float.

The top institutional shareholder in the company is Armistice Capital, LLC with over 7.45 million shares valued at $114.43 million. The investor’s holdings represent 9.93% of the TVTX Shares outstanding. As of Jun 29, 2023, the second largest holder is Deep Track Capital, Lp with 7.37 million shares valued at $113.2 million to account for 9.83% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.12 million shares representing 9.49% and valued at over $109.32 million, while Janus Henderson Group PLC holds 9.29% of the shares totaling 6.97 million with a market value of $107.01 million.

Travere Therapeutics Inc (TVTX) Insider Activity

The most recent transaction is an insider sale by Dube Eric M, the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Dube Eric M sold 19,122 shares of the company’s common stock on Feb 01 ’24 at a price of $8.70 per share for a total of $0.17 million. Following the sale, the insider now owns 0.35 million shares.

Travere Therapeutics Inc disclosed in a document filed with the SEC on Feb 01 ’24 that REED ELIZABETH E (SVP, GC & CORPORATE SECRETARY) sold a total of 4,764 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $8.71 per share for $41495.0. Following the transaction, the insider now directly holds 76270.0 shares of the TVTX stock.

Still, SEC filings show that on Feb 01 ’24, ROTE WILLIAM E. (SENIOR VICE PRESIDENT, R&D) disposed off 4,764 shares at an average price of $8.71 for $41495.0. The insider now directly holds 80,720 shares of Travere Therapeutics Inc (TVTX).

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