Versartis, Inc. (NASDAQ:VSAR) has been given an average rating of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.22.
Several research firms have recently weighed in on VSAR. ValuEngine lowered Versartis from a “sell” rating to a “strong sell” rating in a research note on Friday, September 22nd. Cantor Fitzgerald set a $34.00 price objective on Versartis and gave the company a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research raised Versartis from a “sell” rating to a “hold” rating in a research note on Wednesday, August 30th. SunTrust Banks, Inc. lowered Versartis from a “buy” rating to a “hold” rating and reduced their price objective for the company from $25.00 to $4.00 in a research note on Friday, September 22nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $9.00 price objective (down from $28.00) on shares of Versartis in a research note on Friday, September 22nd.
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In other Versartis news, major shareholder Life Sciences Maste Perceptive sold 2,130,000 shares of Versartis stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $3.29, for a total transaction of $7,007,700.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 2,132,769 shares of company stock worth $7,014,761 over the last 90 days. 10.90% of the stock is owned by company insiders.
Shares of Versartis (NASDAQ VSAR) traded up $0.02 during trading hours on Friday, reaching $1.85. The company’s stock had a trading volume of 797,573 shares, compared to its average volume of 803,876. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.11. Versartis has a 12-month low of $1.60 and a 12-month high of $24.00.
Versartis (NASDAQ:VSAR) last issued its quarterly earnings results on Thursday, October 26th. The biopharmaceutical company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.78). During the same period in the previous year, the business earned ($0.92) earnings per share. sell-side analysts expect that Versartis will post -4.14 earnings per share for the current year.
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.
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