Shares of Verastem (NASDAQ:VSTM) have earned a consensus rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.94.
A number of analysts recently weighed in on the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $17.00 target price on shares of Verastem in a research note on Tuesday, March 13th. B. Riley assumed coverage on shares of Verastem in a research note on Thursday, March 8th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research raised shares of Verastem from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. HC Wainwright set a $10.00 target price on shares of Verastem and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Oppenheimer set a $13.00 target price on shares of Verastem and gave the company a “buy” rating in a research note on Thursday, December 21st.
NASDAQ VSTM opened at $2.98 on Friday. The stock has a market capitalization of $151.39, a P/E ratio of -1.69 and a beta of 2.25. Verastem has a twelve month low of $1.61 and a twelve month high of $5.71. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.26.
Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Verastem by 10.3% during the second quarter. Vanguard Group Inc. now owns 1,143,642 shares of the biopharmaceutical company’s stock worth $2,493,000 after buying an additional 107,029 shares during the last quarter. Artal Group S.A. grew its stake in Verastem by 33.3% during the fourth quarter. Artal Group S.A. now owns 1,000,000 shares of the biopharmaceutical company’s stock worth $3,070,000 after buying an additional 250,000 shares during the last quarter. Citadel Advisors LLC bought a new stake in Verastem during the third quarter worth about $195,000. Monashee Investment Management LLC bought a new stake in Verastem during the fourth quarter worth about $844,000. Finally, Point72 Asset Management L.P. bought a new stake in Verastem during the third quarter worth about $6,580,000. 31.65% of the stock is currently owned by hedge funds and other institutional investors.
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Verastem Company Profile
Verastem, Inc, a biopharmaceutical company, focuses on developing and commercializing drugs for the treatment of cancer. Its programs target the focal adhesion kinase (FAK) and the phosphoinositide 3-kinase (PI3K) signaling pathways. The company's lead FAK inhibitor is defactinib, an orally available candidate for combination therapy with immuno-oncology agents and other anti-cancer compounds.
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