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TARS Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
72.500
Open
68.380
VWAP
70.28
Vol
1.69M
Mkt Cap
3.04B
Low
67.801
Amount
118.44M
EV/EBITDA(TTM)
--
Total Shares
43.02M
EV
2.57B
EV/OCF(TTM)
--
P/S(TTM)
5.35
Tarsus Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics, starting with eye care. The Company’s lead product candidate, XDEMVY, is a lotilaner ophthalmic solution that targets and eradicates the root cause of Demodex blepharitis, Demodex mite infestation. The active pharmaceutical ingredient (API) of XDEMVY, lotilaner, paralyzes and eradicates mites and other parasites through the inhibition of parasite-specific gamma-aminobutyric acid-gated chloride channels. The Company is investigating the development of its product candidates to address targeted diseases with high unmet medical needs, which include TP-04, a novel ophthalmic gel formulation of lotilaner for the potential treatment of Ocular Rosacea, and TP-05, a novel investigational oral formulation of lotilaner, for potential Lyme disease prophylaxis and community malaria reduction.
Show More

Events Timeline

(ET)
2026-07-01
13:30:00
Tarsus Drops 10% to $57.08 After Culper Announces Short Position
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2026-05-06 (ET)
2026-05-06
17:10:00
Tarsus Reports Q1 Revenue of $162.05M, Exceeds Expectations
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2026-03-31 (ET)
2026-03-31
09:00:00
Tarsus Pharmaceuticals Begins Phase 2 Trial for TP-05
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2026-03-23 (ET)
2026-03-23
09:20:00
Tarsus Pharmaceuticals Achieves $15M Milestone Payment
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2026-02-24 (ET)
2026-02-24
10:10:00
Tarsus Pharmaceuticals Stock Rises 11.6% to $77.64
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News

NASDAQ.COM
8.0
07-06NASDAQ.COM
Trinity Industries Sees Surge in Options Trading Volume
  • Surge in Options Volume: Trinity Industries, Inc. (TRN) recorded an options trading volume of 5,324 contracts today, equating to approximately 532,400 shares, which represents about 65.8% of its average daily trading volume of 809,620 shares over the past month, indicating heightened market interest in its future performance.
  • High-Frequency Trading Insight: Notably, the $34 strike put option has seen significant activity with 4,191 contracts traded today, representing around 419,100 underlying shares of TRN, reflecting investor expectations regarding potential downside risks for the stock.
  • Cohen & Steers Options Activity: Concurrently, Cohen & Steers Inc. (CNS) has reported an options trading volume of 2,144 contracts today, approximately 214,400 shares, which constitutes 64.4% of its average daily trading volume of 332,955 shares over the past month, showcasing active market engagement.
  • Bullish Call Options Interest: The $80 strike call option for CNS has recorded 1,344 contracts traded today, representing about 134,400 shares, indicating investor confidence in the stock's potential for future appreciation, which may influence its price trajectory.
NASDAQ.COM
9.5
07-03NASDAQ.COM
Tarsus Pharmaceuticals Shares Surge 7.5% on Strong Sales Growth
  • Stock Surge: Tarsus Pharmaceuticals (TARS) shares rose 7.5% to $65.44 in the last trading session, with significantly higher trading volume indicating increased investor confidence in the company's prospects.
  • Strong Product Sales: Xdemvy (lotilaner ophthalmic solution) achieved net sales of $145.4 million in Q1 2026, reflecting over 85% year-over-year growth, driven by broader screening and prescribing by eye care professionals across a wider patient base.
  • Global Expansion Plans: Tarsus received regulatory approval for Xdemvy in China, triggering a $15 million milestone payment, while ongoing regulatory progress in Europe and Japan supports the product's long-term commercial opportunities, highlighting its potential for global market expansion.
  • Pipeline Development: The company is evaluating TP-04 and TP-05 in mid-stage studies for treating ocular rosacea and Lyme disease, with topline data expected in the first half of 2027, further enhancing investor confidence in its future growth trajectory.
stocktwits
7.0
07-01stocktwits
Tarsus Accused of Market Manipulation by Culper Research
  • Short Seller Allegations: Culper Research has accused Tarsus Pharmaceuticals of using questionable practices to boost sales of its sole product, XDEMVY, resulting in a 5% drop in stock price on Wednesday, potentially marking its worst day since April.
  • Medicare Copay Scheme: Culper claims Tarsus has funded copay assistance for Medicare patients through the HealthWell Foundation, with donations of $5.7 million in 2023 and an expected $31.2 million in 2024, arguing this violates the Anti-Kickback Statute and poses legal risks.
  • Inflated Market Size: Tarsus has touted a 25 million patient opportunity for Demodex blepharitis, but a survey indicates only 18% of patients are diagnosed, leading Culper to estimate a true market size closer to 5 million, with peak annual revenues for XDEMVY projected below $800 million.
  • Financial Guidance Downgrade: Culper asserts that Tarsus is likely to miss its 2026 guidance, as analysts have underestimated rising patient assistance and other SG&A costs, which could lead to further declines in stock price in the future.
seekingalpha
2.0
07-01seekingalpha
Tarsus Pharmaceuticals Shares Drop Amid Short Report
  • Stock Price Decline: Tarsus Pharmaceuticals (TARS) shares fell 7.8% following a short report from Culper Research, indicating market concerns about its future performance, which could negatively impact investor confidence and company valuation.
  • Short Interest: Culper Research disclosed its short position in Tarsus, with a current short interest of 11.6%, reflecting negative market sentiment towards the stock and potentially leading to further price volatility.
  • Market Reaction: Tarsus did not promptly respond to Seeking Alpha's request for comment, and this lack of transparency may exacerbate investor anxiety, affecting its reputation and market position in the healthcare sector.
  • Sales Guidance: Despite facing short-term pressures, Tarsus reiterated its 2026 net product sales guidance of $670 million to $700 million, indicating the company's confidence in future performance, which may provide some support for investors.
NASDAQ.COM
8.0
06-26NASDAQ.COM
Live Nation and Riot Platforms See Active Options Trading
  • Live Nation Options Activity: Live Nation Entertainment Inc (LYV) recorded an options trading volume of 13,953 contracts today, equating to approximately 1.4 million shares or about 53.1% of its average daily trading volume of 2.6 million shares over the past month, indicating heightened market interest in its future performance.
  • High Volume Insights: Notably, the $180 strike call option for LYV saw a significant trading volume of 5,041 contracts today, representing around 504,100 underlying shares, suggesting investor expectations for a price increase.
  • Riot Platforms Options Trends: Concurrently, Riot Platforms Inc (RIOT) experienced an options trading volume of 78,702 contracts, translating to approximately 7.9 million shares or about 51.2% of its average daily trading volume of 15.4 million shares over the past month, reflecting strong investor interest in the company.
  • Put Option Activity: Among RIOT's options, the $27 strike put option recorded a trading volume of 13,168 contracts today, representing approximately 1.3 million underlying shares, indicating market concerns regarding potential future declines.
Globenewswire
5.0
06-02Globenewswire
Achieve Life Sciences Appoints New Board Members Ahead of Cytisinicline Launch
  • New Board Members: Achieve Life Sciences has appointed Jeffrey Farrow and Reid Waldman to its Board of Directors, with Farrow bringing over $9 billion in acquisition experience in the biopharmaceutical sector and Waldman as the founder of Veradermics, both poised to provide strategic guidance for the upcoming NDA resubmission.
  • Significant Market Potential: Farrow highlighted the large and underserved market for smoking dependence, with Cytisinicline expected to fill this gap as the first new prescription smoking cessation medication in nearly two decades, addressing the needs of approximately 25 million adult smokers in the U.S.
  • Clinical Data Support: Waldman emphasized the encouraging results of Cytisinicline in clinical trials, particularly for e-cigarette cessation, indicating that the drug could become a new tool for nicotine dependence treatment, addressing the urgent needs of young patients and driving innovation in the biopharmaceutical field.
  • Strategic Development Direction: Achieve Life Sciences' NDA application has received FDA Breakthrough Therapy designation, and with the extensive experience of the new board members, the company is advancing towards a successful launch of Cytisinicline, which is expected to create substantial value for both patients and shareholders.
Wall Street analysts forecast TARS stock price to rise
3 Analyst Rating
Wall Street analysts forecast TARS stock price to rise
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
68.00
Averages
89.33
High
100.00
Current: 0.000
sliders
Low
68.00
Averages
89.33
High
100.00
Oppenheimer
Oppenheimer
Outperform
to
Outperform
downgrade
$105 -> $98
AI Analysis
2026-04-24
Reason
Oppenheimer
Oppenheimer
Price Target
$105 -> $98
AI Analysis
2026-04-24
downgrade
Outperform
to
Outperform
Reason
Oppenheimer assumed coverage of Tarsus Pharmaceuticals with an Outperform rating with a price target of $98, down from $105. The firm views Tarsus as a successful category-creation commercial biotech story, anchored by XDEMVY, the first and only FDA-approved treatment for Demodex blepharitis. The company has recently transitioned from a pre-commercial setup into a validated commercial growth story, with FY2025 net sales of $451.4M and 2026 guidance of $670M-$700M. With 25M DB patients and over 90% coverage, the focus is shifting toward increasing prescribing depth and screening behavior, which Oppenheimer views as a key driver of durable growth.
Mizuho
Graig Suvannavejh
Outperform
maintain
$100 -> $101
2026-03-25
Reason
Mizuho
Graig Suvannavejh
Price Target
$100 -> $101
2026-03-25
maintain
Outperform
Reason
Mizuho analyst Graig Suvannavejh raised the firm's price target on Tarsus Pharmaceuticals to $101 from $100 and keeps an Outperform rating on the shares after the company announced its Chinese partner, Grand Pharma, received approval to commercialize TP-03 for the treatment of Demodex blepharitis in the Greater China region. The approval came a bit earlier than expected, says the firm, which remains confident in Tarsus' execution on the U.S. Xdemvy launch and sees a favorable risk/reward with shares down 22% year-to-date.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for TARS
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Valuation Metrics

The current forward P/E ratio for Tarsus Pharmaceuticals Inc (TARS.O) is 106.38, compared to its 5-year average forward P/E of 126.51. For a more detailed relative valuation and DCF analysis to assess Tarsus Pharmaceuticals Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
126.51
Current PE
106.38
Overvalued PE
726.40
Undervalued PE
-473.38

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
2.12
Current EV/EBITDA
-86.33
Overvalued EV/EBITDA
47.79
Undervalued EV/EBITDA
-43.54

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
16.30
Current PS
3.11
Overvalued PS
30.10
Undervalued PS
2.50

Financials

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Whales Holding TARS

P
Paradigm Biocapital Advisors LP
Holding
TARS
+33.08%
3M Return
F
Frazier Life Sciences Management, LP
Holding
TARS
+22.16%
3M Return
D
Driehaus Capital Management LLC
Holding
TARS
+21.50%
3M Return
T
Tang Capital Management, LLC
Holding
TARS
+12.39%
3M Return
C
Cormorant Asset Management, LP
Holding
TARS
+2.95%
3M Return

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Frequently Asked Questions

What is Tarsus Pharmaceuticals Inc (TARS) stock price today?

The current price of TARS is 70.55 USD — it has increased 5.22

What is Tarsus Pharmaceuticals Inc (TARS)'s business?

Tarsus Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics, starting with eye care. The Company’s lead product candidate, XDEMVY, is a lotilaner ophthalmic solution that targets and eradicates the root cause of Demodex blepharitis, Demodex mite infestation. The active pharmaceutical ingredient (API) of XDEMVY, lotilaner, paralyzes and eradicates mites and other parasites through the inhibition of parasite-specific gamma-aminobutyric acid-gated chloride channels. The Company is investigating the development of its product candidates to address targeted diseases with high unmet medical needs, which include TP-04, a novel ophthalmic gel formulation of lotilaner for the potential treatment of Ocular Rosacea, and TP-05, a novel investigational oral formulation of lotilaner, for potential Lyme disease prophylaxis and community malaria reduction.

What is the price predicton of TARS Stock?

Wall Street analysts forecast TARS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TARS is89.33 USD with a low forecast of 68.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Tarsus Pharmaceuticals Inc (TARS)'s revenue for the last quarter?

Tarsus Pharmaceuticals Inc revenue for the last quarter amounts to 162.05M USD, increased 106.87

What is Tarsus Pharmaceuticals Inc (TARS)'s earnings per share (EPS) for the last quarter?

Tarsus Pharmaceuticals Inc. EPS for the last quarter amounts to -0.16 USD, decreased -75.00

How many employees does Tarsus Pharmaceuticals Inc (TARS). have?

Tarsus Pharmaceuticals Inc (TARS) has 370 emplpoyees as of July 08 2026.

What is Tarsus Pharmaceuticals Inc (TARS) market cap?

Today TARS has the market capitalization of 3.04B USD.