Verastem Inc. (NASDAQ: VSTM) is 29.58% higher on its value in year-to-date trading and has touched a low of $1.08 and a high of $4.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VSTM stock was last observed hovering at around $2.64 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $4.00 for the next 12 months. It is also 44.8% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are 8.0% higher than the price target low of $3.00 for the same period.
Currently trading at $2.76, the stock is 16.97% and 18.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing 4.55% at the moment leaves the stock 53.99% off its SMA200. VSTM registered 6.56% gain for a year compared to 6-month gain of 119.05%. The firm has a 50-day simple moving average (SMA 50) of $2.4142 and a 200-day simple moving average (SMA200) of $1.9528.
The stock witnessed a 24.32% loss in the last 1 month and extending the period to 3 months gives it a 29.58%, and is 11.74% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.38% over the week and 6.19% over the month.
Verastem Inc. (VSTM) has around 48 employees, a market worth around $443.28M and $88.50M in sales. Profit margin for the company is -76.50%. Distance from 52-week low is 155.56% and -40.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.00%).
Verastem Inc. (VSTM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Verastem Inc. (VSTM) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 2.30, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Verastem Inc. is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.09.The EPS is expected to grow by 77.90% this year, but quarterly earnings will post -94.40% year-over-year.
Verastem Inc. (VSTM) Top Institutional Holders
171 institutions hold shares in Verastem Inc. (VSTM), with 5.56M shares held by insiders accounting for 3.24% while institutional investors hold 52.47% of the company’s shares. The shares outstanding are 170.02M, and float is at 164.40M with Short Float at 3.81%. Institutions hold 50.77% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 13.49 million shares valued at $28.74 million. The investor’s holdings represent 7.86% of the VSTM Shares outstanding. As of Dec 30, 2020, the second largest holder is BVF Inc. with 11.18 million shares valued at $23.82 million to account for 6.51% of the shares outstanding. The other top investors are Baker Brothers Advisors, LLC which holds 10.14 million shares representing 5.91% and valued at over $21.61 million, while Vanguard Group, Inc. (The) holds 5.25% of the shares totaling 9.01 million with a market value of $19.2 million.
Verastem Inc. (VSTM) Insider Activity
A total of 6 insider transactions have happened at Verastem Inc. (VSTM) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider purchase by BARBERICH TIMOTHY J ,the company’sDirector. SEC filings show that BARBERICH TIMOTHY J bought 50,000 shares of the company’s common stock on Dec 04 at a price of $2.17 per share for a total of $0.11 million. Following the purchase, the insider now owns 0.22 million shares.
Verastem Inc. disclosed in a document filed with the SEC on Jun 25 that RA CAPITAL MANAGEMENT, L.P. (10% Owner) sold a total of 1,161,300 shares of the company’s common stock. The trade occurred on Jun 25 and was made at $1.91 per share for $2.22 million. Following the transaction, the insider now directly holds 16.14 million shares of the VSTM stock.
Still, SEC filings show that on Apr 27, RA CAPITAL MANAGEMENT, L.P. (10% Owner) disposed off 1,301,300 shares at an average price of $2.31 for $3.0 million. The insider now directly holds 17,303,351 shares of Verastem Inc. (VSTM).
Verastem Inc. (VSTM): Who are the competitors?
The company’s main competitors (and peers) include Pfizer Inc. (PFE) that is trading 16.47% up over the past 12 months and Laboratory Corporation of America Holdings (LH) that is 117.80% higher over the same period. GlaxoSmithKline plc (GSK) is -4.30% down on the 1-year trading charts. Short interest in the company’s stock has risen 15.63% from the last report on Feb 11, 2021 to stand at a total of 5.29 million short shares sold with a short interest ratio of 1.93.