Verrica Pharmaceuticals (NASDAQ:VRCA) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research report issued on Tuesday, Zacks.com reports.
According to Zacks, "Verrica Pharmaceuticals, Inc. operates as a clinical-stage medical dermatology company. It develops and manufactures pharmaceutical products for the treatment of skin diseases such as molluscum contagiosum and dermatology. Verrica Pharmaceuticals, Inc. is based in PA, United States. "
Separately, HC Wainwright reissued a "buy" rating and issued a $21.00 target price (up from $18.00) on shares of Verrica Pharmaceuticals in a report on Thursday, December 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of "Hold" and an average price target of $14.35.
VRCA stock opened at $14.69 on Tuesday. The firm has a fifty day moving average price of $12.78 and a 200 day moving average price of $9.90. Verrica Pharmaceuticals has a fifty-two week low of $6.02 and a fifty-two week high of $16.91. The firm has a market cap of $379.97 million, a PE ratio of -11.13 and a beta of 2.30.
A number of institutional investors and hedge funds have recently modified their holdings of VRCA. BNP Paribas Arbitrage SA lifted its position in shares of Verrica Pharmaceuticals by 360.6% during the third quarter. BNP Paribas Arbitrage SA now owns 3,298 shares of the company's stock worth $26,000 after purchasing an additional 2,582 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in shares of Verrica Pharmaceuticals by 37.4% during the third quarter. Kornitzer Capital Management Inc. KS now owns 672,650 shares of the company's stock worth $5,206,000 after purchasing an additional 182,956 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Verrica Pharmaceuticals during the third quarter worth $77,000. Capital Investment Advisory Services LLC bought a new stake in shares of Verrica Pharmaceuticals during the fourth quarter worth $174,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Verrica Pharmaceuticals during the fourth quarter worth $199,000. Institutional investors own 33.97% of the company's stock.
Verrica Pharmaceuticals Company Profile
Verrica Pharmaceuticals Inc, a clinical stage medical dermatology company, develops and commercializes dermatological treatments in the United States. The company's lead product candidate include VP-102 that is in phase III clinical trial for the treatment of molluscum contagiosum; in phase II clinical trial for the treatment of common warts; and completed phase I clinical trial for the treatment of Genital warts.
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