Vera Therapeutics Inc (NASDAQ: VERA) is 167.75% higher on its value in year-to-date trading and has touched a low of $5.95 and a high of $50.78 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 VERA stock was last observed hovering at around $41.00 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $41.18, the stock is -8.00% and 9.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.44% at the moment leaves the stock 99.94% off its SMA200. VERA registered 451.27% gain for a year compared to 6-month gain of 183.61%. The firm has a 200-day simple moving average (SMA200) of -$20.93.
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The stock witnessed a -13.21% loss in the last 1 month and extending the period to 3 months gives it a 170.03%, and is -0.70% down 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 9.25% over the week and 7.38% over the month.
Vera Therapeutics Inc (VERA) has around 46 employees, a market worth around $2.21B and $0.00M in sales. Distance from 52-week low is 592.10% and -18.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-62.76%).
Vera Therapeutics Inc quarterly earnings per share for the current quarter are estimated at -$0.52.The EPS is expected to grow by 2.93% this year.
Vera Therapeutics Inc (VERA) Top Institutional Holders
153 institutions hold shares in Vera Therapeutics Inc (VERA), with institutional investors hold 97.07% of the company’s shares. The shares outstanding are 53.71M, and float is at 38.44M with Short Float at 16.13%. Institutions hold 91.47% of the Float.
The top institutional shareholder in the company is Commodore Capital Lp with over 5.45 million shares valued at $224.43 million. The investor’s holdings represent 9.92% of the VERA Shares outstanding. As of Dec 30, 2023, the second largest holder is Kynam Capital Management, LP with 3.65 million shares valued at $150.32 million to account for 6.65% of the shares outstanding. The other top investors are Sofinnova Investments, Inc. which holds 3.47 million shares representing 6.31% and valued at over $142.78 million, while FMR, LLC holds 5.05% of the shares totaling 2.77 million with a market value of $114.25 million.
Vera Therapeutics Inc (VERA) Insider Activity
The most recent transaction is an insider sale by Katabi Maha,the company’sDirector. SEC filings show that Katabi Maha sold 340,000 shares of the company’s common stock on Mar 25 ’24 at a price of $40.50 per share for a total of $13.77 million. Following the sale, the insider now owns 2.79 million shares.
Vera Therapeutics Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Katabi Maha (Director) sold a total of 413,450 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $40.51 per share for $16.75 million. Following the transaction, the insider now directly holds 3.13 million shares of the VERA stock.
Still, SEC filings show that on Mar 21 ’24, Katabi Maha (Director) disposed off 81,009 shares at an average price of $44.20 for $3.58 million. The insider now directly holds 3,547,437 shares of Vera Therapeutics Inc (VERA).
