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NASDAQ:CORT

Corcept Therapeutics - CORT Stock Forecast, Price & News

$26.84
-1.23 (-4.38%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.60
$28.04
50-Day Range
$20.39
$29.12
52-Week Range
$15.82
$29.93
Volume
626,984 shs
Average Volume
855,768 shs
Market Capitalization
$2.87 billion
P/E Ratio
28.55
Dividend Yield
N/A
Price Target
$32.00

Corcept Therapeutics MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
19.2% Upside
$32.00 Price Target
Short Interest
Bearish
19.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.35mentions of Corcept Therapeutics in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$9.90 M Sold Last Quarter
Proj. Earnings Growth
18.18%
From $0.88 to $1.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.34 out of 5 stars

Medical Sector

454th out of 1,124 stocks

Pharmaceutical Preparations Industry

224th out of 555 stocks

CORT stock logo

About Corcept Therapeutics (NASDAQ:CORT) Stock

Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and neuropsychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery. It is developing relacorilant to treat patients with Cushing's syndrome; and nab-paclitaxel in combination with relacorilant, which has completed Phase II clinical trial to treat patients with advanced ovarian tumors, as well as for the treatment of cortisol excess. The company is also developing selective cortisol modulator to treat patients with metastatic castration-resistant prostate cancer; selective cortisol modulator for the treatment of antipsychotic-induced weight gain and other disorders; and FKBP5 gene expression assays. Corcept Therapeutics Incorporated was incorporated in 1998 and is headquartered in Menlo Park, California.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CORT. Jefferies Financial Group upgraded Corcept Therapeutics from a "hold" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $35.00 in a report on Wednesday, July 27th. StockNews.com lowered Corcept Therapeutics from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 5th. Truist Financial lowered Corcept Therapeutics to a "hold" rating in a research note on Tuesday, August 9th. Finally, HC Wainwright boosted their target price on Corcept Therapeutics from $29.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Corcept Therapeutics Price Performance

CORT traded down $1.23 during midday trading on Tuesday, reaching $26.84. 614,654 shares of the company's stock traded hands, compared to its average volume of 855,689. The firm has a fifty day moving average of $25.56 and a two-hundred day moving average of $23.32. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 2.86 and a beta of 0.51. Corcept Therapeutics has a 52 week low of $15.82 and a 52 week high of $29.93.

Insider Buying and Selling at Corcept Therapeutics

In other Corcept Therapeutics news, insider Sean Maduck sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $27.37, for a total transaction of $684,250.00. Following the completion of the transaction, the insider now owns 40,024 shares of the company's stock, valued at approximately $1,095,456.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Corcept Therapeutics news, insider Sean Maduck sold 25,000 shares of the company's stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $27.37, for a total transaction of $684,250.00. Following the completion of the transaction, the insider now owns 40,024 shares of the company's stock, valued at approximately $1,095,456.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joseph K. Belanoff sold 279,908 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $26.27, for a total value of $7,353,183.16. Following the completion of the transaction, the chief executive officer now directly owns 2,538,218 shares of the company's stock, valued at approximately $66,678,986.86. The disclosure for this sale can be found here. Insiders sold 356,235 shares of company stock valued at $9,333,079 in the last 90 days. Insiders own 18.60% of the company's stock.

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CORT Stock News Headlines

Corcept Therapeutics (NASDAQ:CORT) Downgraded by StockNews.com
Corcept Therapeutics (CORT) Q2 Earnings Lag Estimates
Corcept Therapeutics - Drug Development
CORT Crosses Above Average Analyst Target
See More Headlines
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CORT Company Calendar

Last Earnings
11/03/2021
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceuticals
Sector
Medical
Current Symbol
NASDAQ:CORT
CUSIP
21835210
Employees
238
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+19.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$112.51 million
Pretax Margin
33.66%

Debt

Sales & Book Value

Annual Sales
$365.98 million
Cash Flow
$0.95 per share
Book Value
$3.26 per share

Miscellaneous

Free Float
87,183,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
0.51

Social Links















CORT Stock - Frequently Asked Questions

Should I buy or sell Corcept Therapeutics stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CORT shares.
View CORT analyst ratings
or view top-rated stocks.

What is Corcept Therapeutics' stock price forecast for 2022?

4 Wall Street research analysts have issued twelve-month target prices for Corcept Therapeutics' shares. Their CORT share price forecasts range from $30.00 to $35.00. On average, they predict the company's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 19.2% from the stock's current price.
View analysts price targets for CORT
or view top-rated stocks among Wall Street analysts.

How have CORT shares performed in 2022?

Corcept Therapeutics' stock was trading at $19.80 at the beginning of 2022. Since then, CORT stock has increased by 35.6% and is now trading at $26.84.
View the best growth stocks for 2022 here
.

When is Corcept Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CORT earnings forecast
.

How were Corcept Therapeutics' earnings last quarter?

Corcept Therapeutics Incorporated (NASDAQ:CORT) announced its quarterly earnings data on Wednesday, November, 3rd. The biotechnology company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The biotechnology company earned $96.13 million during the quarter, compared to analysts' expectations of $97.75 million. Corcept Therapeutics had a trailing twelve-month return on equity of 25.53% and a net margin of 28.75%. During the same period in the prior year, the firm posted $0.17 earnings per share.

What guidance has Corcept Therapeutics issued on next quarter's earnings?

Corcept Therapeutics issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.00 million-$430.00 million, compared to the consensus revenue estimate of $414.43 million.

What is Joseph K. Belanoff's approval rating as Corcept Therapeutics' CEO?

6 employees have rated Corcept Therapeutics Chief Executive Officer Joseph K. Belanoff on Glassdoor.com. Joseph K. Belanoff has an approval rating of 100% among the company's employees. This puts Joseph K. Belanoff in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Corcept Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corcept Therapeutics investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), AbbVie (ABBV), CA (CA), Alibaba Group (BABA), BlackRock (BLK), Inovio Pharmaceuticals (INO), Pfizer (PFE) and Activision Blizzard (ATVI).

What is Corcept Therapeutics' stock symbol?

Corcept Therapeutics trades on the NASDAQ under the ticker symbol "CORT."

Who are Corcept Therapeutics' major shareholders?

Corcept Therapeutics' stock is owned by many different retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (7.31%), State Street Corp (3.27%), Parallel Advisors LLC (2.56%), Boston Trust Walden Corp (1.23%), Northern Trust Corp (0.93%) and Principal Financial Group Inc. (0.61%). Insiders that own company stock include Daniel N Swisher Jr, G Leonard Baker Jr, G Leonard Baker, Jr, Gary Charles Robb, Joseph Douglas Lyon, Joseph K Belanoff and Sean Maduck.
View institutional ownership trends
.

How do I buy shares of Corcept Therapeutics?

Shares of CORT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Corcept Therapeutics' stock price today?

One share of CORT stock can currently be purchased for approximately $26.84.

How much money does Corcept Therapeutics make?

Corcept Therapeutics (NASDAQ:CORT) has a market capitalization of $2.87 billion and generates $365.98 million in revenue each year. The biotechnology company earns $112.51 million in net income (profit) each year or $0.94 on an earnings per share basis.

How many employees does Corcept Therapeutics have?

The company employs 238 workers across the globe.

When was Corcept Therapeutics founded?

Corcept Therapeutics was founded in 1998.

How can I contact Corcept Therapeutics?

Corcept Therapeutics' mailing address is 149 COMMONWEALTH DRIVE, MENLO PARK CA, 94025. The official website for the company is www.corcept.com. The biotechnology company can be reached via phone at (650) 327-3270, via email at cjames@corcept.com, or via fax at 650-327-3218.

This page (NASDAQ:CORT) was last updated on 8/16/2022 by MarketBeat.com Staff

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