Trillium Therapeutics (TRIL) Receives New Coverage from Analysts at Leerink Swann

Leerink Swann started coverage on shares of Trillium Therapeutics (NASDAQ:TRIL) (TSE:TR) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating and a $7.00 price objective on the biotechnology company’s stock.

Other research analysts have also issued reports about the stock. HC Wainwright reissued a buy rating and issued a $10.00 target price on shares of Trillium Therapeutics in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Trillium Therapeutics from a buy rating to a hold rating and set a $8.75 target price on the stock. in a research note on Saturday, January 20th. Finally, ValuEngine lowered shares of Trillium Therapeutics from a hold rating to a sell rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $10.94.

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TRIL opened at $7.05 on Friday. Trillium Therapeutics has a 1-year low of $4.15 and a 1-year high of $13.30. The company has a market capitalization of $92.36, a price-to-earnings ratio of -1.99 and a beta of 1.83.

Trillium Therapeutics (NASDAQ:TRIL) (TSE:TR) last released its earnings results on Friday, March 9th. The biotechnology company reported ($0.72) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.83) by $0.11. sell-side analysts predict that Trillium Therapeutics will post -2.29 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Artal Group S.A. acquired a new stake in shares of Trillium Therapeutics during the 4th quarter worth approximately $1,088,000. Citadel Advisors LLC acquired a new stake in shares of Trillium Therapeutics during the 4th quarter worth approximately $180,000. Victory Capital Management Inc. increased its holdings in shares of Trillium Therapeutics by 50.0% during the 4th quarter. Victory Capital Management Inc. now owns 218,971 shares of the biotechnology company’s stock worth $1,598,000 after buying an additional 72,950 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Trillium Therapeutics during the 4th quarter worth approximately $144,000. Finally, Deutsche Bank AG increased its holdings in shares of Trillium Therapeutics by 1,860.0% during the 4th quarter. Deutsche Bank AG now owns 115,288 shares of the biotechnology company’s stock worth $835,000 after buying an additional 109,406 shares during the last quarter. Institutional investors and hedge funds own 55.56% of the company’s stock.

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Trillium Therapeutics Company Profile

Trillium Therapeutics Inc, a clinical-stage immuno-oncology company, develops therapies for the treatment of cancer. The company’s 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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