ValuEngine Upgrades Versartis (VSAR) to “Buy”

ValuEngine upgraded shares of Versartis (NASDAQ:VSAR) from a hold rating to a buy rating in a research note released on Monday.

NASDAQ VSAR opened at $1.75 on Monday. The company has a current ratio of 16.99, a quick ratio of 16.99 and a debt-to-equity ratio of 0.11. The company has a market cap of $62.51 million, a P/E ratio of -0.73 and a beta of 1.89. Versartis has a 1 year low of $1.35 and a 1 year high of $22.10.

Versartis (NASDAQ:VSAR) last posted its quarterly earnings results on Tuesday, August 7th. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.96) by $0.69. equities analysts expect that Versartis will post -3.15 EPS for the current year.

In other news, Director Srinivas Akkaraju purchased 231,580 shares of Versartis stock in a transaction that occurred on Friday, June 8th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $463,160.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have purchased 945,279 shares of company stock worth $1,725,673 and have sold 9,987 shares worth $15,585. Company insiders own 10.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of VSAR. Millennium Management LLC lifted its stake in Versartis by 50.4% in the 2nd quarter. Millennium Management LLC now owns 809,698 shares of the biopharmaceutical company’s stock valued at $1,640,000 after purchasing an additional 271,458 shares during the last quarter. Nexthera Capital LP bought a new position in Versartis in the 2nd quarter valued at approximately $1,013,000. Sio Capital Management LLC bought a new position in Versartis in the 2nd quarter valued at approximately $504,000. Paloma Partners Management Co bought a new position in Versartis in the 2nd quarter valued at approximately $325,000. Finally, Baker BROS. Advisors LP lifted its stake in Versartis by 70.1% in the 2nd quarter. Baker BROS. Advisors LP now owns 2,426,310 shares of the biopharmaceutical company’s stock valued at $4,913,000 after purchasing an additional 1,000,000 shares during the last quarter. Institutional investors and hedge funds own 37.15% of the company’s stock.

About Versartis

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Versartis (NASDAQ:VSAR)

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