Versartis Inc. (NASDAQ:VSAR) Receives Consensus Rating of “Hold” from Analysts
Versartis Inc. (NASDAQ:VSAR) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.67.
VSAR has been the topic of several recent research reports. Credit Suisse Group AG reaffirmed a “sell” rating and set a $11.00 target price on shares of Versartis in a research note on Monday. Zacks Investment Research cut shares of Versartis from a “buy” rating to a “hold” rating in a research note on Saturday, August 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $28.00 target price on shares of Versartis in a research note on Friday, July 29th. Finally, Citigroup Inc. set a $23.00 target price on shares of Versartis and gave the stock a “buy” rating in a research note on Thursday, August 11th.
Versartis (NASDAQ:VSAR) traded up 6.7154% on Tuesday, hitting $13.3501. 51,831 shares of the stock were exchanged. The firm’s market cap is $394.38 million. The stock’s 50 day moving average price is $12.53 and its 200 day moving average price is $10.11. Versartis has a 52-week low of $6.17 and a 52-week high of $14.69.
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Versartis (NASDAQ:VSAR) last announced its earnings results on Thursday, July 28th. The biopharmaceutical company reported ($0.75) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.03. Equities research analysts forecast that Versartis will post ($2.76) earnings per share for the current year.
In other news, CEO Jay Shepard sold 5,442 shares of Versartis stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $12.88, for a total transaction of $70,092.96. Following the transaction, the chief executive officer now owns 155,358 shares in the company, valued at approximately $2,001,011.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Versartis by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 20,388 shares of the biopharmaceutical company’s stock valued at $225,000 after buying an additional 1,999 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Versartis by 4.2% in the second quarter. Nationwide Fund Advisors now owns 56,765 shares of the biopharmaceutical company’s stock valued at $628,000 after buying an additional 2,284 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Versartis by 35.7% in the second quarter. JPMorgan Chase & Co. now owns 856,524 shares of the biopharmaceutical company’s stock valued at $9,473,000 after buying an additional 225,561 shares during the period. Oxford Asset Management raised its stake in shares of Versartis by 28.9% in the second quarter. Oxford Asset Management now owns 80,989 shares of the biopharmaceutical company’s stock valued at $896,000 after buying an additional 18,169 shares during the period. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Versartis during the second quarter valued at about $547,000. Institutional investors and hedge funds own 69.09% of the company’s stock.
Versartis Company Profile
Versartis, Inc is an endocrine-focused biopharmaceutical company. The Company is engaged in developing long-acting recombinant human growth hormone (rhGH), somavaratan (VRS-317), for growth hormone deficiency (GHD), an orphan disease. The Company’s product pipeline includes VRS-317 and XTEN Technology.
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