TARS

Tarsus Pharmaceuticals, Inc.
NasdaqGSUSDEQUITY Healthcare DELAYED
Last price
75.18
▲ 0.73 (0.97%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
74.45
Prev close
74.46
Day high
75.26
Day low
72.94
Volume
432.43K
Market cap
$3.47B
P/E (TTM)
—
52W range
53.89 – 91.53

Day trading desk

Current session · delayed
Gap from prior close
-0.01%
Prior close 74.46
VWAP
74.18
+1.35% from price
Relative volume
0.79×
Normal
Session range
3.17%
72.94 – 75.25
Position in range
97%
Near session high
ATR (14D)
2.64
3.51% of price
Prior day high
75.00
PDH
Prior day low
72.76
PDL
Bid / ask spread
—
Quote not published
Session volume
728.68K
Avg 926.24K

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-3.36% -5.3%
1M
-18.36% -19.5%
3M
+9.42% +4.9%
6M
+7.78% -10.4%
YTD
-9.49% -23.7%
1Y
+13.72% -2.7%
3Y
+317.05% +234.8%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on TARS open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
-55.05K
Net selling
Buy transactions
10
47.39K shares
Sell transactions
10
102.44K shares
Net transactions
+20
Buys less sells
Sell : buy shares
2.2 : 1
Mixed
Insider-held shares
1.18M
Total on file
Bought 47.39KSold 102.44K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 15, 26
LINK WILLIAM J
Director
SELL 12.50K $979.74K Direct
Sep 15, 26
LINK WILLIAM J
Director
— 201 — Direct
Sep 15, 26
PYOTT DAVID E I
Director
— 201 — Indirect
Sep 4, 26
NEERVANNAN SESHADRI
Chief Operating Officer
SELL 4.56K $387.94K Direct
Sep 4, 26
AZAMIAN BOBAK R
Chief Executive Officer
SELL 10.00K $905.60K Indirect
Sep 4, 26
LIN ELIZABETH YEU
Officer
SELL 13.95K $1.22M
Sep 2, 26
AZAMIAN BOBAK R
Chief Executive Officer
SELL 10.00K $800.60K Indirect
Sep 2, 26
LIN ELIZABETH YEU
Officer
SELL 11.58K $897.99K
Jun 17, 26
AZAMIAN BOBAK R
Chief Executive Officer
SELL 10.00K $615.49K Indirect
Jun 16, 26
FARROW JEFFREY S
Chief Financial Officer
SELL 14.40K $877.44K Direct
Jun 15, 26
FARROW JEFFREY S
Chief Financial Officer
— 27.88K — Direct
Jun 15, 26
LINK WILLIAM J
Director
SELL 12.50K $776.50K Direct
Jun 15, 26
GOODRICH KATHERINE
Director
SELL 2.95K $183.38K Direct
Jun 12, 26
YARNO WENDY L
Director
— 2.95K — Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
AZAMIAN BOBAK R
Chief Executive Officer — Sale
FARROW JEFFREY S
Chief Financial Officer 56.80K Sale
GOLDBERG ANDREW D
Director 19.65K Conversion of Exercise of derivative security
LIN ELIZABETH YEU
Officer — Sale
LINK WILLIAM J
Director 94.49K Sale
MOTTIWALA AZIZ
Officer 61.48K Sale
NEERVANNAN SESHADRI
Chief Operating Officer 79.01K Sale
WAHL BRYAN
General Counsel 63.96K Sale
WHITFIELD DIANNE C
Officer 35.03K Sale
YARNO WENDY L
Director 16.65K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$3.47B
Enterprise value$2.89B
Revenue (TTM)$606.33M
Gross profit$501.26M
EBITDA$-46.20M
Net income$-46.48M
EPS (TTM)$-1.08
Free cash flow$67.47M
Total cash$449.69M
Total debt$88.81M
Book value / share$8.01
Shares outstanding46.79M
Float32.74M
Short % of float13.50%
Dividend yield0.00%
Beta (5Y)0.45

Valuation & profitability ratios

Account required
Trailing P/E—
Forward P/E-205.86
PEG ratio—
Price / sales—
Price / book9.25
EV / revenue4.77
EV / EBITDA-62.59
Gross margin82.67%
Operating margin-11.45%
Profit margin-7.66%
Return on equity-13.68%
Return on assets-5.49%
Debt / equity25.61
Current ratio3.20
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $451.36M$182.95M$17.45M$25.82M +146.7%
Operating revenue $451.36M$182.95M$17.45M$25.82M +146.7%
Cost of revenue $30.68M$12.83M$1.59M$955.00K +139.2%
Gross profit $420.68M$170.13M$15.85M$24.86M +147.3%
Research & development $64.32M$53.39M$50.31M$42.62M +20.5%
Selling, general & admin $427.32M$237.31M$108.70M$44.95M +80.1%
Total operating expense $491.64M$290.70M$159.01M$87.57M +69.1%
Operating income -$70.97M-$120.57M-$143.16M-$62.71M +41.1%
Net interest income $6.81M$7.17M$6.99M$1.30M -4.9%
Pre-tax income -$64.36M-$115.55M-$135.89M-$62.09M +44.3%
Tax provision $2.06M$0$0-$4.00K —
Net income -$66.42M-$115.55M-$135.89M-$62.09M +42.5%
Net income to common -$66.42M-$115.55M-$135.89M-$62.09M +42.5%
Basic EPS -1.59-3.07-4.62-2.52 +48.2%
Diluted EPS -1.59-3.07-4.62-2.52 +48.2%
EBIT -$56.02M-$108.11M-$132.67M-$60.03M +48.2%
EBITDA -$54.20M-$106.88M-$131.79M-$59.70M +49.3%
Basic shares 41.78M37.60M29.38M24.62M +11.1%
Diluted shares 41.78M37.60M29.38M24.62M +11.1%

Options analytics

Account required
Put / call volume
0.67
Call-heavy session
Put / call open interest
0.80
Positioning, not flow
Max pain
40.00
-46.0% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
36
Contracts, this expiry
Put volume
24
Contracts, this expiry
Heaviest call OI
55.00
4 contracts
Heaviest put OI
40.00
2 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 -0.20-0.43 -119.4%
Mar 2026 -0.42-0.16 +62.1%
Dec 2025 0.01-0.20 -1,974.4%
Sep 2025 -0.33-0.30 +9.1%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter -1.77 3 $183.63M +54.7%
Next quarter -3.39 3 $201.45M +32.8%
Current year -5.77 3 $721.05M +59.8%
Next year -0.36 2 $927.25M +28.6%

Analyst targets & ownership

Account required
Mean target$99.50
High target$116.00
Low target$84.00
Implied upside32.35%
Analyst count10
ConsensusSTRONG BUY
Strong buy / Buy1 / 9
Hold0
Sell / Strong sell0 / 0
Held by insiders2.69%
Held by institutions99.93%
Institutions holding358
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
75.51
-0.43% from price
SMA 20
77.29
-4.11% from price
SMA 50
73.02
+1.49% from price
SMA 100
67.25
+11.80% from price
SMA 200
68.50
+8.18% from price
EMA 12
75.82
-0.84% from price
EMA 26
75.81
-0.83% from price
EMA 50
73.49
+2.30% from price
RSI (14)
46.1
Neutral
MACD (12,26,9)
0.01
Hist -0.83
ATR (14)
2.64
3.56% of price
Realised vol 30D
53.6%
Annualised
Bollinger upper
82.11
20, 2σ
Bollinger lower
72.47
20, 2σ
50 / 200 cross
Golden
73.02 vs 68.50
Trend bias
Above 200
+8.18%

Options chain

Account required
Expiry
Spot 75.18
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
0.59
Less volatile than market
Correlation to SPY
0.17
Largely independent
Realised vol 30D
53.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-32.0%
Peak to trough
Max drawdown 5Y
-62.7%
Peak to trough
ATR 14
2.64
3.56% of price
Beta (reported)
0.45
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
6.13M
Prior 6.00M
Change vs prior
+2.2%
Shorts adding
% of float
13.50%
Elevated
% of shares out
13.10%
Against total outstanding
Days to cover
7.9
Crowded exit
Float
32.74M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

54 on file
DateFirm ActionFromTo
Sep 8, 26 Jefferies MAINTAINED Buy Buy
Aug 12, 26 Oppenheimer MAINTAINED Outperform Outperform
Jul 31, 26 Mizuho MAINTAINED Outperform Outperform
Jul 21, 26 Guggenheim MAINTAINED Buy Buy
Jul 9, 26 HC Wainwright & Co. MAINTAINED Buy Buy
May 4, 26 HC Wainwright & Co. MAINTAINED Buy Buy
Feb 25, 26 Oppenheimer MAINTAINED Outperform Outperform
Feb 25, 26 Guggenheim MAINTAINED Buy Buy
Dec 9, 25 Barclays INITIATED — Overweight
Nov 20, 25 Mizuho INITIATED — Outperform
Nov 5, 25 Guggenheim MAINTAINED Buy Buy
Oct 20, 25 HC Wainwright & Co. MAINTAINED Buy Buy

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.