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TARS Overview

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$
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
71.370
Open
69.060
VWAP
70.17
Vol
370.83K
Mkt Cap
2.98B
Low
69.010
Amount
26.02M
EV/EBITDA(TTM)
--
Total Shares
42.56M
EV
2.64B
EV/OCF(TTM)
--
P/S(TTM)
6.49
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.
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Events Timeline

(ET)
2026-03-31
09:00:00
Tarsus Pharmaceuticals Begins Phase 2 Trial for TP-05
select
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
select
2026-02-23 (ET)
2026-02-23
16:30:00
Tarsus Reports Q4 Revenue of $151.668M, Beating Consensus
select
2026-02-18 (ET)
2026-02-18
08:50:00
Tarsus Pharmaceuticals Appoints David Pyott to Board of Directors
select

News

Newsfilter
9.0
03-31Newsfilter
Tarsus Initiates Clinical Trial for Lyme Disease Prevention
  • Trial Launch: Tarsus Pharmaceuticals announced the dosing of the first participant in its Phase 2 clinical trial, Calliope, evaluating the novel oral therapy TP-05 (lotilaner) designed to kill Lyme-infected ticks before disease transmission, with enrollment expected to complete during the 2026 tick season and topline results anticipated in the first half of 2027.
  • Urgent Market Need: Recent market research indicates that over 35 million Americans are at moderate to high risk for Lyme disease, with approximately 300,000 to 400,000 diagnosed annually, highlighting the critical demand for new prophylactic measures, especially as climate change expands the geographic range of ticks.
  • Significant Efficacy: In the Phase 2a Carpo trial, TP-05 demonstrated over 90% tick mortality within 24 hours of attachment, compared to only 5% in the placebo group (p<0.001), indicating its potential in preventing Lyme disease transmission while showing good tolerability.
  • Strategic Implications: TP-05 is considered the only non-vaccine drug-based prophylactic in development, and if approved by the FDA, it could fundamentally shift Lyme disease management from treatment to prevention, significantly reducing infection risks and improving public health outcomes.
Fool
5.0
03-24Fool
Tarsus Pharmaceuticals Executive Sells Shares Amid Strong Sales Growth
  • Executive Stock Sale: Dianne C. Whitfield, Chief Human Resources Officer at Tarsus Pharmaceuticals, sold 12,274 shares of common stock between March 17 and 19, 2026, for approximately $839,000, indicating her ongoing pattern of reducing holdings.
  • Shareholding Reduction: This transaction reduced Whitfield's direct holdings from 47,302 shares to 35,028 shares, representing a 25.95% decrease, reflecting her strategy of gradual divestment in line with available share capacity.
  • Market Performance Analysis: Tarsus Pharmaceuticals generated $451.4 million in net product sales in 2025, more than doubling from the previous year, although the company remains unprofitable with a narrowed net loss of $66.4 million, showcasing strong unit economics.
  • Future Growth Prospects: The company is advancing multiple clinical trials, including indications for ocular rosacea and Lyme disease prevention, with several Phase 2 catalysts on the horizon, indicating potential growth drivers for its product pipeline.
NASDAQ.COM
5.0
03-24NASDAQ.COM
Tarsus Pharmaceuticals Executive Sells Shares for Tax Obligations
  • Executive Stock Sale: Dianne C. Whitfield, Chief Human Resources Officer at Tarsus Pharmaceuticals, sold 12,274 shares between March 17 and March 19, 2026, for approximately $839,000 at an average price of $68.36 per share, indicating a non-discretionary sale driven by tax obligations.
  • Clear Purpose of Sale: The stock sale was conducted to cover tax withholding obligations, and as disclosed in SEC Form 4, it involved only direct ownership with no indirect entities or derivative securities reported, suggesting that this transaction does not reflect changes in the company's fundamentals.
  • Strong Financial Performance: Tarsus Pharmaceuticals generated $451.4 million in net product sales in 2025, more than doubling from the previous year, with fourth-quarter sales reaching $151.7 million and gross margins around 93%, demonstrating robust unit economics.
  • Future Growth Potential: Although the company remains unprofitable, the net loss narrowed to $66.4 million for 2025, and it ended the year with over $417 million in cash and marketable securities, providing runway for pipeline expansion, with management advancing multiple Phase 2 trials for indications like ocular rosacea and Lyme prevention.
moomoo
7.5
03-23moomoo
TARSUS PHARMACEUTICALS INC - QUALIFIED FOR EXTRA MILESTONES AND GRADUATED ROYALTIES FOR TP-03 IN GREATER CHINA
  • Company Announcement: Tarsus Pharmaceuticals has announced eligibility for additional milestones and tiered royalties related to their product TP-03 in Greater China.
  • Market Expansion: This development indicates Tarsus's strategic efforts to expand its market presence and capitalize on opportunities in the Chinese pharmaceutical sector.
seekingalpha
9.5
02-24seekingalpha
Tarsus Pharmaceuticals Q4 2025 Earnings Call Highlights
  • Sales Performance Breakthrough: Tarsus Pharmaceuticals achieved over $450 million in net sales for 2025, successfully aiding more than 500,000 patients with Demodex blepharitis, indicating strong market demand for its product XDEMVY, which is expected to drive sustained growth for the company.
  • Future Growth Potential: Management anticipates that XDEMVY's sales potential will exceed $2 billion, reflecting confidence in market penetration and the expansion of the prescriber base, strategically laying the groundwork for future revenue growth.
  • R&D and Clinical Trials: Tarsus initiated the first-ever Phase II trial for TP-04 targeting ocular rosacea and plans to conduct a clinical trial for TP-05 in 2026, demonstrating the company's proactive approach to new product development and market expansion.
  • Financial Outlook: The guidance for 2026 net product sales is projected between $670 million and $700 million, with annual growth exceeding $230 million, as management maintains an optimistic view on future sales growth while expecting operating expenses to remain within a reasonable range to ensure financial health.
NASDAQ.COM
9.5
02-24NASDAQ.COM
Tarsus Pharmaceuticals Reports Narrowed Losses in 2025 Financials
  • Significant Sales Growth: In Q4 2025, Tarsus Pharmaceuticals reported net product sales of $151.67 million, a 128% increase from $66.41 million in the same quarter last year, indicating strong market demand for its core product XDEMVY, which significantly boosts company revenue.
  • Narrowed Losses: The net loss for Q4 2025 was $8.37 million, or $0.20 per share, a substantial improvement from a loss of $23.11 million and $0.60 per share in the prior year, reflecting effective strategies in cost control and sales growth.
  • Global Expansion Plans: XDEMVY is expected to receive approval for a preservative-free formulation in Europe by 2027, while its partner Grand Pharmaceutical Group Ltd. anticipates approval in Greater China by 2026, which will further enhance the company's growth potential in international markets.
  • R&D Drug Progress: The company is conducting clinical trials for TP-04 and TP-05, with the former targeting ocular rosacea and the latter aimed at Lyme disease prevention, with TP-05 expected to initiate studies in Q2 2026, providing new growth opportunities for the company's future product pipeline.
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
Mizuho
Graig Suvannavejh
Outperform
maintain
$100 -> $101
AI Analysis
2026-03-25
Reason
Mizuho
Graig Suvannavejh
Price Target
$100 -> $101
AI Analysis
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.
Oppenheimer
Andreas Argyrides
Outperform
maintain
$95 -> $105
2026-02-25
Reason
Oppenheimer
Andreas Argyrides
Price Target
$95 -> $105
2026-02-25
maintain
Outperform
Reason
Oppenheimer analyst Andreas Argyrides raised the firm's price target on Tarsus Pharmaceuticals to $105 from $95 and keeps an Outperform rating on the shares following quarterly results. Importantly, management provided first-time FY26 net product sales guidance of $670M-$700M for XDEMVY, representing a year-over-year increase of $230M driven by new-patient demand, broad payer coverage, and direct-to-consumer effectiveness, putting XDEMVY on track to achieve $2B-plus in U.S. peak sales.
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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 120.11. 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
120.11
Current PE
106.38
Overvalued PE
720.59
Undervalued PE
-480.37

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
5.77
Current EV/EBITDA
-63.49
Overvalued EV/EBITDA
47.83
Undervalued EV/EBITDA
-36.28

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
17.65
Current PS
3.32
Overvalued PS
31.38
Undervalued PS
3.93

Financials

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Whales Holding TARS

P
Paradigm Biocapital Advisors LP
Holding
TARS
+18.07%
3M Return
F
Frazier Life Sciences Management, LP
Holding
TARS
+10.31%
3M Return
D
Driehaus Capital Management LLC
Holding
TARS
+8.73%
3M Return
T
Tang Capital Management, LLC
Holding
TARS
+3.70%
3M Return
C
Cormorant Asset Management, LP
Holding
TARS
+3.64%
3M Return
D
Deep Track Capital, LP
Holding
TARS
-0.39%
3M Return

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Frequently Asked Questions

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

The current price of TARS is 70.12 USD — it has decreased -0.14

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 151.67M USD, increased 128.39

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 -0.20 USD, decreased -66.67

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

Tarsus Pharmaceuticals Inc (TARS) has 370 emplpoyees as of April 04 2026.

What is Tarsus Pharmaceuticals Inc (TARS) market cap?

Today TARS has the market capitalization of 2.98B USD.