Verastem Given Average Rating of “Buy” by Analysts (NASDAQ:VSTM)
Shares of Verastem (NASDAQ:VSTM) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Analyst Ratings Net reports. Nine investment analysts have rated the stock with a buy recommendation, The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.40.
A number of analysts have recently weighed in on VSTM shares. Analysts at Deutsche Bank initiated coverage on shares of Verastem in a research note on Tuesday. They set a “buy” rating and a $14.00 price target on the stock. Analysts at Mizuho initiated coverage on shares of Verastem in a research note on Monday, February 10th. They set a “buy” rating and a $21.00 price target on the stock.
Shares of Verastem (NASDAQ:VSTM) traded up 1.86% on Tuesday, hitting $8.20. The stock had a trading volume of 70,070 shares. Verastem has a one year low of $7.47 and a one year high of $18.82. The stock’s 50-day moving average is $9.96 and its 200-day moving average is $11.67. The company’s market cap is $211.7 million.
Verastem (NASDAQ:VSTM) last announced its earnings results on Thursday, March 6th. The company reported ($0.45) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.47) by $0.02. On average, analysts predict that Verastem will post $-1.79 earnings per share for the current fiscal year.
Verastem, Inc is a United States-based biopharmaceutical company. The Company focuses on discovering and developing drugs to treat cancer by targeting cancer stem cells, which are an underlying cause of tumor recurrence and metastasis.
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