Versartis Inc (VSAR) Given Consensus Rating of “Hold” by Analysts

Versartis Inc (NASDAQ:VSAR) has been given an average rating of “Hold” by the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and two 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 $5.63.

VSAR has been the topic of several recent analyst reports. Cantor Fitzgerald set a $14.00 target price on shares of Versartis and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research cut shares of Versartis from a “hold” rating to a “sell” rating in a report on Sunday, January 21st.

In other Versartis news, Director Srinivas Akkaraju purchased 513,872 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of $2.21 per share, with a total value of $1,135,657.12. Following the completion of the purchase, the director now directly owns 14,955 shares of the company’s stock, valued at approximately $33,050.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new stake in Versartis in the second quarter worth $218,000. Numeric Investors LLC purchased a new stake in Versartis in the second quarter worth $246,000. Voya Investment Management LLC lifted its stake in Versartis by 26.1% in the second quarter. Voya Investment Management LLC now owns 14,960 shares of the biopharmaceutical company’s stock worth $261,000 after acquiring an additional 3,094 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its stake in Versartis by 13.6% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 24,714 shares of the biopharmaceutical company’s stock worth $431,000 after acquiring an additional 2,967 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Versartis by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 26,326 shares of the biopharmaceutical company’s stock worth $459,000 after acquiring an additional 1,204 shares during the period. 48.71% of the stock is owned by institutional investors.

Versartis (NASDAQ:VSAR) opened at $1.98 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.11. Versartis has a fifty-two week low of $1.60 and a fifty-two week high of $24.00. The stock has a market cap of $70.72, a P/E ratio of -0.51 and a beta of 2.35.

Versartis (NASDAQ:VSAR) last issued its earnings results on Thursday, October 26th. The biopharmaceutical company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.78). During the same period in the previous year, the company posted ($0.92) EPS. research analysts forecast that Versartis will post -4.16 EPS for the current fiscal year.

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About Versartis

Versartis, Inc is an endocrine-focused biopharmaceutical company. The Company is engaged in developing a long-acting form of recombinant human growth hormone, somavaratan (VRS-317), for growth hormone deficiency (GHD), an orphan disease. The Company’s first indication for somavaratan is pediatric GHD.

Analyst Recommendations for Versartis (NASDAQ:VSAR)

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