Analyst Price Forecast Suggests 270.30% Upside
As of August 2, 2023, the average one-year price target for Timber Pharmaceuticals is 11.22. The forecasts range from a low of 11.11 to a high of $11.55. The average price target represents an increase of 270.30% from its latest reported closing price of 3.03.
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The projected annual revenue for Timber Pharmaceuticals is 1MM, an increase of ?%. The projected annual non-GAAP EPS is -4.59.
What is the Fund Sentiment?
There are 12 funds or institutions reporting positions in Timber Pharmaceuticals. This is a decrease of 9 owner(s) or 42.86% in the last quarter. Average portfolio weight of all funds dedicated to TMBR is 0.00%, a decrease of 81.12%. Total shares owned by institutions decreased in the last three months by 48.63% to 129K shares.
What are Other Shareholders Doing?
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 39K shares representing 1.25% ownership of the company. In it’s prior filing, the firm reported owning 9K shares, representing an increase of 75.76%. The firm increased its portfolio allocation in TMBR by 278.77% over the last quarter.
Citadel Advisors holds 33K shares representing 1.08% ownership of the company. In it’s prior filing, the firm reported owning 94K shares, representing a decrease of 184.60%. The firm decreased its portfolio allocation in TMBR by 45.60% over the last quarter.
Geode Capital Management holds 20K shares representing 0.64% ownership of the company. No change in the last quarter.
FSMAX – Fidelity Extended Market Index Fund holds 14K shares representing 0.45% ownership of the company. In it’s prior filing, the firm reported owning 14K shares, representing a decrease of 1.50%. The firm decreased its portfolio allocation in TMBR by 46.11% over the last quarter.
FCFMX – Fidelity Series Total Market Index Fund holds 5K shares representing 0.17% ownership of the company. No change in the last quarter.
Timber Pharmaceuticals Background Information
(This description is provided by the company.)
Timber Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of treatments for rare and orphan dermatologic diseases. The Company’s investigational therapies have proven mechanisms-of-action backed by decades of clinical experience and well-established CMC (chemistry, manufacturing and control) and safety profiles. The Company is initially focused on developing non-systemic treatments for rare dermatologic diseases including congenital ichthyosis (CI), facial angiofibromas (FAs) in tuberous sclerosis complex (TSC), and scleroderma.
This article originally appeared on Fintel
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