Corcept Therapeutics Incorporated, a pharmaceutical company, discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric 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, as well as develops CLIA-validated assay to measure FKBP5 gene expression. It is developing relacorilant that is in a Phase II trial to treat patients with Cushing's syndrome; abraxane in combination with relacorilant, which is in Phase I/II open label trial to treat solid tumors; and selective cortisol modulator CORT125281 combined with Xtandi that is in open label Phase I/II trial to treat patients with metastatic castration-resistant prostate cancer. The company is also developing CORT118335 selective cortisol modulator, which is in Phase I/II open label trial for the treatment of antipsychotic-induced weight gain and non-alcoholic steatotic hepatitis. Corcept Therapeutics Incorporated was founded in 1998 and is headquartered in Menlo Park, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNASDAQ:CORT
Previous Symbol
CUSIP21835210
Phone650-327-3270
Debt
Debt-to-Equity RatioN/A
Current Ratio5.58
Quick Ratio5.44
Price-To-Earnings
Trailing P/E Ratio26.12
Forward P/E Ratio24.40
P/E GrowthN/A
Sales & Book Value
Annual Sales$159.20 million
Price / Sales10.62
Cash Flow$0.4374 per share
Price / Cash Flow33.47
Book Value$1.67 per share
Price / Book8.77
Profitability
EPS (Most Recent Fiscal Year)$0.44
Net Income$129.12 million
Net Margins63.79%
Return on Equity32.96%
Return on Assets28.88%
Miscellaneous
Employees136
Outstanding Shares115,470,000
Market Cap$1.78 billion
OptionableOptionable
Corcept Therapeutics (NASDAQ:CORT) Frequently Asked Questions
What is Corcept Therapeutics' stock symbol?
Corcept Therapeutics trades on the NASDAQ under the ticker symbol "CORT."
How were Corcept Therapeutics' earnings last quarter?
Corcept Therapeutics Incorporated (NASDAQ:CORT) announced its quarterly earnings data on Thursday, November, 1st. The biotechnology company reported $0.14 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.02. The biotechnology company earned $64.45 million during the quarter, compared to analyst estimates of $67.42 million. Corcept Therapeutics had a net margin of 63.79% and a return on equity of 32.96%. Corcept Therapeutics's revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. View Corcept Therapeutics' Earnings History.
When is Corcept Therapeutics' next earnings date?
What price target have analysts set for CORT?
5 equities research analysts have issued 1 year price objectives for Corcept Therapeutics' stock. Their forecasts range from $11.00 to $32.00. On average, they expect Corcept Therapeutics' stock price to reach $24.80 in the next twelve months. This suggests a possible upside of 69.4% from the stock's current price. View Analyst Price Targets for Corcept Therapeutics.
What is the consensus analysts' recommendation for Corcept Therapeutics?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corcept Therapeutics.
What are Wall Street analysts saying about Corcept Therapeutics stock?
Here are some recent quotes from research analysts about Corcept Therapeutics stock:
- 1. Cantor Fitzgerald analysts commented, ". We are Neutral on CORT with a 12-month price target of $17 based on value from Korlym. Yesterday, after market close, Corcept reported 3Q18 revenues of $64.4M & cash of $196.7M. Our model projects current cash & Korlym profits to fund operations through the P3 study of Relacorilant in Cushing’s as well as signal-seeking studies underway with several earlier candidates. 3Q call centered on sustainability of Korlym sales growth and Rela’s P3. Korlym sales grew 51% in 3Q18 compared to 3Q17. We believe that this growth is a result of the company’s effective outreach and education efforts to physicians that has yet to peak as there are prescribers it has yet to engage." (11/2/2018)
- 2. According to Zacks Investment Research, "Corcept is making good progress with its Cushing's syndrome drug, Korlym. Notably, its efforts to expand Korlym’s label are encouraging and should boost the drug’s commercial potential significantly. The company is also making attempts to develop its pipeline with its most advanced candidate relacorilant (CORT125134), currently under evaluation in a phase II study for Cushing's syndrome.The successful development of its pipeline candidates will further boost the company’s portfolio and lead to increased sales. However, Corcept’s share price movement shows that the stock has underperformed the industry year to date. Moreover, Corcept is solely dependent on Korlym for growth. A decline in Korlym sales will hinder the company’s growth prospects in the future quarters." (10/10/2018)
Has Corcept Therapeutics been receiving favorable news coverage?
News headlines about CORT stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Corcept Therapeutics earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the biotechnology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Are investors shorting Corcept Therapeutics?
Corcept Therapeutics saw a increase in short interest during the month of November. As of November 15th, there was short interest totalling 23,499,511 shares, an increase of 11.0% from the October 31st total of 21,169,012 shares. Based on an average daily volume of 1,272,933 shares, the days-to-cover ratio is currently 18.5 days. Currently, 22.8% of the company's stock are sold short. View Corcept Therapeutics' Current Options Chain.
Who are some of Corcept Therapeutics' key competitors?
Some companies that are related to Corcept Therapeutics include Dr.Reddy's Laboratories (RDY), Nektar Therapeutics (NKTR), GALAPAGOS NV/S (GLPG), Alkermes (ALKS), Amarin (AMRN), Catalent (CTLT), Amneal Pharmaceuticals (AMRX), SAGE Therapeutics (SAGE), United Therapeutics (UTHR), HUTCHISON CHINA/S (HCM), Loxo Oncology (LOXO), TESARO (TSRO), GW Pharmaceuticals PLC- (GWPH), Taro Pharmaceutical Industries (TARO) and Horizon Pharma (HZNP).
Who are Corcept Therapeutics' key executives?
Corcept Therapeutics' management team includes the folowing people:
- Dr. Joseph K. Belanoff, Co-Founder, CEO, Pres & Director (Age 61)
- Mr. Gary Charles Robb, CFO, Chief Accounting Officer & Sec. (Age 55)
- Mr. Sean Maduck, Sr. VP of Commercial (Age 41)
- Dr. Robert S. Fishman, Chief Medical Officer (Age 56)
- Dr. Hazel Hunt Ph.D., Sr. VP of Research
Who are Corcept Therapeutics' major shareholders?
Corcept Therapeutics' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.64%), Federated Investors Inc. PA (10.47%), Vanguard Group Inc. (8.97%), Vanguard Group Inc (8.97%), Renaissance Technologies LLC (3.82%) and Morgan Stanley (1.59%). Company insiders that own Corcept Therapeutics stock include David L Mahoney, G Leonard Baker Jr, Gary Charles Robb, Joseph K Belanoff, Patrick G Enright, Renee D Gala, Robert S Fishman and Sean Maduck. View Institutional Ownership Trends for Corcept Therapeutics.
Which institutional investors are selling Corcept Therapeutics stock?
CORT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Wells Fargo & Company MN, Russell Investments Group Ltd., AQR Capital Management LLC, GSA Capital Partners LLP, PNC Financial Services Group Inc., Oak Ridge Investments LLC and Virginia Retirement Systems ET AL. Company insiders that have sold Corcept Therapeutics company stock in the last year include G Leonard Baker Jr, Gary Charles Robb, Joseph K Belanoff, Robert S Fishman and Sean Maduck. View Insider Buying and Selling for Corcept Therapeutics.
Which institutional investors are buying Corcept Therapeutics stock?
CORT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, Man Group plc, Peregrine Capital Management LLC, S&T Bank PA, Alliancebernstein L.P., Capital Fund Management S.A. and Federated Investors Inc. PA. Company insiders that have bought Corcept Therapeutics stock in the last two years include G Leonard Baker Jr, Gary Charles Robb and Renee D Gala. View Insider Buying and Selling for Corcept Therapeutics.
How do I buy shares of Corcept Therapeutics?
Shares of CORT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Corcept Therapeutics' stock price today?
One share of CORT stock can currently be purchased for approximately $14.64.
How big of a company is Corcept Therapeutics?
Corcept Therapeutics has a market capitalization of $1.78 billion and generates $159.20 million in revenue each year. The biotechnology company earns $129.12 million in net income (profit) each year or $0.44 on an earnings per share basis. Corcept Therapeutics employs 136 workers across the globe.
What is Corcept Therapeutics' official website?
How can I contact Corcept Therapeutics?
Corcept Therapeutics' mailing address is 149 COMMONWEALTH DRIVE, MENLO PARK CA, 94025. The biotechnology company can be reached via phone at 650-327-3270 or via email at [email protected]
MarketBeat Community Rating for Corcept Therapeutics (NASDAQ CORT)
MarketBeat's community ratings are surveys of what our community members think about Corcept Therapeutics and other stocks. Vote "Outperform" if you believe CORT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CORT will underperform the S&P 500 over the long term. You may vote once every thirty days.
