Tarsus Pharmaceuticals, Inc. TARS
At closeNov 4, 2026, 5:04 PM EST
After hours · Nov 4, 5:04 PM ET
- YTD
- -15.64%
- 1 year
- -3.40%
- Market cap
- 3.23B
- Revenue (ttm)
- 606.33M
- Profit margin
- -7.66%
- EPS (ttm)
- -1.08
- Shares out
- 46.79M
- Forward P/E
- -138.14
- YTD return
- -15.64%
- 1-year return
- -3.40%
- Volume
- 2.55M
- Avg volume
- 831.76K
- Open
- 74.01
- Previous close
- 72.64
- Day's range
- 65.34 – 74.63
- 52-week range
- 53.89 – 91.53
- Beta
- 0.33
- Analysts
- Strong Buy
- Price target
- 99.33 (+43.8%)
- Earnings date
- Feb 22, 2027
1Y +0.84 (+1.23%)
Key statistics
- Enterprise value
- 2.83B
- PEG ratio
- 0.00
- Price / sales
- 5.33
- Price / book
- 8.56
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 69.40%
- Free cash flow
- 67.47M
- Total cash
- 449.69M
- Total debt
- 88.81M
- Return on equity
- -13.68%
- Short % of float
- 12.63%
- 50-day average
- 75.17
- 200-day average
- 67.79
Analyst view
Consensus: strong buy
- Target (low)
- 88.00
- Target (mean)
- 99.33
- Target (high)
- 116.00
- Strong buy1
- Buy9
- Hold0
- Sell0
- Strong sell0
Next earnings
Feb 22, 2027
Expected Feb 22, 2027. Consensus EPS estimate -4.82.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Feb 22, 2027 | Dec 30, 2026 | -0.0584 | — | — | — |
| Nov 3, 2026 | Sep 30, 2026 | -1.46 | -14.40 | -12.94 | -886.30% |
| Aug 6, 2026 | Jun 30, 2026 | -0.19177 | -0.43 | -0.24 | -124.23% |
| May 6, 2026 | Mar 31, 2026 | -0.40167 | -0.16 | +0.24 | +60.17% |
| Feb 23, 2026 | Dec 31, 2025 | -0.103 | -0.20 | -0.10 | -94.17% |
| Nov 4, 2025 | Sep 30, 2025 | -0.35 | -0.30 | +0.05 | +14.29% |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 4, 2026 | HC Wainwright & Co. | main | Buy | Buy |
| Sep 8, 2026 | Jefferies | main | Buy | Buy |
| Aug 12, 2026 | Oppenheimer | main | Outperform | Outperform |
| Jul 31, 2026 | Mizuho | main | Outperform | Outperform |
| Jul 21, 2026 | Guggenheim | main | Buy | Buy |
| Jul 9, 2026 | HC Wainwright & Co. | reit | Buy | Buy |
About Tarsus Pharmaceuticals, Inc.
Tarsus Pharmaceuticals, Inc., a commercial stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for eye care in the United States. The company offers XDEMVY, a lotilaner ophthalmic solution for the treatment of demodex blepharitis caused by the infestation of Demodex mites. It sells its products to specialty pharmacies and distributors, as well as clinics, hospitals, pharmacies, and federal healthcare programs. The company also develops TP-04, a sterile aqueous gel formulation of lotilaner in Phase 2 trial for the treatment of ocular rosacea; and TP-05, an oral tablet formulation of lotilaner in Phase 2 trial for the prevention of Lyme disease, as well as in pre-clinical studies for community malaria reduction. In addition, it is developing the lotilaner active pharmaceutical ingredient (API) to address diseases in human medicine, including eye care and infectious disease prevention. The company has a development and license agreement with Xi An Grand Chang An Pharmaceutical Co., Ltd. for the development and commercialization of TP-03 in China for the treatment of Demodex blepharitis and meibomian gland disease. Tarsus Pharmaceuticals, Inc. was incorporated in 2016 and is headquartered in Irvine, California.
- Sector
- Healthcare
- Industry
- Biotechnology
- Country
- United States
- Website
- tarsusrx.com
News
HC Wainwright & Co. Maintains Buy on Tarsus Pharmaceuticals, Raises Price Target to $106
Tarsus Pharmaceuticals Q3 Earnings Call Highlights
Tarsus Pharmaceuticals, Inc. (TARS) Q3 2026 Earnings Call Transcript
Tarsus Pharmaceuticals, Inc. (TARS) Reports Q3 Loss, Tops Revenue Estimates UPDATE: Tarsus Pharmaceuticals Q3 Adj. EPS $(0.78) Beats $(2.73) Estimate, Sales $194.569M Beat $186.598M Estimate
Tarsus Pharmaceuticals Q3 2026 Earnings Call Transcript
Tarsus Reports Third Quarter 2026 Financial Results
How Much Upside is Left in Tarsus Pharmaceuticals (TARS)? Wall Street Analysts Think 30.78%
My 'Eye' Is On Tarsus Pharmaceuticals
Tarsus to Report Third Quarter 2026 Financial Results on Tuesday, November 3, 2026
Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| AZAMIAN BOBAK R | Chief Executive Officer | Sale | Sep 3, 2026 | 0 |
| FARROW JEFFREY S | Chief Financial Officer | Sale | Jun 15, 2026 | 56,801 |
| GOLDBERG ANDREW D | Director | Conversion of Exercise of derivative security | Jun 11, 2026 | 19,654 |
| LIN ELIZABETH YEU | Officer | Sale | Sep 3, 2026 | 0 |
| LINK WILLIAM J | Director | Sale | Sep 14, 2026 | 94,487 |
| MOTTIWALA AZIZ | Officer | Sale | Mar 18, 2026 | 61,480 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 7.82% | 3,856,137 | 266.34M | Jun 29, 2026 |
| Deep Track Capital, Lp | 7.44% | 3,666,768 | 253.26M | Jun 29, 2026 |
| RTW Investments LP | 6.81% | 3,357,059 | 231.87M | Jun 29, 2026 |
| Jupiter Topco LLC | 5.70% | 2,808,796 | 194.00M | Jun 29, 2026 |
| Paradigm Biocapital Advisors LP | 5.63% | 2,775,649 | 191.71M | Jun 29, 2026 |
| Morgan Stanley | 3.71% | 1,827,082 | 126.20M | Jun 29, 2026 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 2.63% | 1,295,411 | 89.47M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 ETF | 2.20% | 1,084,124 | 74.88M | Sep 29, 2026 |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 0.93% | 458,552 | 31.67M | Aug 30, 2026 |
| VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund | 0.92% | 455,507 | 31.46M | Jun 29, 2026 |
| Prudential Jennison Small Co Fd., Inc.-PGIM JENNISON SMALL COMPANY Fd. | 0.83% | 408,226 | 28.20M | Jun 29, 2026 |
| iShares Trust-iShares Russell 2000 Growth ETF | 0.79% | 391,513 | 27.04M | Sep 29, 2026 |
