Leerink Partners analyst Danielle Antalffy maintained a Hold rating on Tandem Diabetes Care (TNDM) today and set a price target of $130.00. The company’s shares closed last Friday at $109.76.
According to TipRanks.com, Antalffy is a 5-star analyst with an average return of 18.4% and a 63.7% success rate. Antalffy covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Edwards Lifesciences, and Silk Road Medical.
Currently, the analyst consensus on Tandem Diabetes Care is a Strong Buy with an average price target of $129.33.
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Based on Tandem Diabetes Care’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $109 million and GAAP net loss of $27.11 million. In comparison, last year the company earned revenue of $93.26 million and had a GAAP net loss of $1.51 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.
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Tandem Diabetes Care, Inc. engages in the design, development, and commercialization of products for people with insulin-dependent diabetes. Its flagship product, t:slim X2 Insulin Delivery System, operates as a small insulin pump. The company was founded by Paul M. DiPerna on January 27, 2006 and is headquartered in San Diego, CA.
