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About Corcept Therapeutics (NASDAQ:CORT)
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
Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
SymbolNASDAQ:CORT
CUSIP21835210
Phone650-688-8803
Debt
Debt-to-Equity RatioN/A
Current Ratio5.44
Quick Ratio5.26
Price-To-Earnings
Trailing P/E Ratio41.11
Forward P/E Ratio24.78
P/E GrowthN/A
Sales & Book Value
Annual Sales$159.20 million
Price / Sales13.09
Cash Flow$0.4640 per share
Price / Cash38.99
Book Value$1.87 per share
Price / Book9.67
Profitability
EPS (Most Recent Fiscal Year)$0.44
Net Income$129.12 million
Net Margins75.05%
Return on Equity46.78%
Return on Assets39.56%
Miscellaneous
Employees136
Outstanding Shares115,240,000
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 (NASDAQ:CORT) released its quarterly earnings data on Tuesday, May, 8th. The biotechnology company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The biotechnology company earned $57.66 million during the quarter, compared to analyst estimates of $58.18 million. Corcept Therapeutics had a net margin of 75.05% and a return on equity of 46.78%. Corcept Therapeutics's revenue was up 108.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. 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 target prices for Corcept Therapeutics' shares. Their predictions range from $20.00 to $32.00. On average, they anticipate Corcept Therapeutics' share price to reach $26.40 in the next year. View Analyst Ratings for Corcept Therapeutics.
Who are some of Corcept Therapeutics' key competitors?
Some companies that are related to Corcept Therapeutics include Valeant Pharmaceuticals Intl (VRX), SAGE Therapeutics (SAGE), Alkermes (ALKS), Sarepta Therapeutics (SRPT), Ionis Pharmaceuticals (IONS), Catalent (CTLT), GALAPAGOS NV/S (GLPG), Loxo Oncology (LOXO), Agios Pharmaceuticals (AGIO), Dr. Reddy's Laboratories (RDY), United Therapeutics (UTHR), Taro Pharmaceutical Industries (TARO), Hutchison China MediTech (HCM), FibroGen (FGEN) and GW Pharmaceuticals (GWPH).
Who are Corcept Therapeutics' key executives?
Corcept Therapeutics' management team includes the folowing people:
- Dr. Joseph K. Belanoff M.D., Co-Founder, CEO, Pres & Director (Age 61)
- Mr. Gary Charles Robb, CFO, Chief Accounting Officer & Sec. (Age 55)
- Dr. Robert S. Fishman M.D., ? F.C.C.P., Chief Medical Officer (Age 56)
- Dr. Hazel Hunt Ph.D., Sr. VP of Research
- Donald E. Laferle, Sr. VP
Has Corcept Therapeutics been receiving favorable news coverage?
Media coverage about CORT stock has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corcept Therapeutics earned a coverage optimism score of 0.12 on Accern's scale. They also assigned press coverage about the biotechnology company an impact score of 48.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Corcept Therapeutics' major shareholders?
Corcept Therapeutics' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.20%), Federated Investors Inc. PA (11.01%), Dimensional Fund Advisors LP (1.37%), Northern Trust Corp (0.97%), Nexthera Capital LP (0.91%) and Russell Investments Group Ltd. (0.68%). Company insiders that own Corcept Therapeutics stock include David L Mahoney, G Leonard Baker Jr, Gary Charles Robb, James N Wilson, Joseph K Belanoff, Patrick G Enright, Renee D Gala and Robert S Fishman. 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 Prudential Financial Inc., Old Mutual Global Investors UK Ltd., Mckinley Capital Management LLC Delaware, PNC Financial Services Group Inc., Oak Ridge Investments LLC, Smith Asset Management Group LP, ClariVest Asset Management LLC and Russell Investments Group Ltd.. Company insiders that have sold Corcept Therapeutics company stock in the last year include David L Mahoney, G Leonard Baker Jr and Robert S Fishman. View Insider Buying and Selling for Corcept Therapeutics.
Which institutional investors are buying Corcept Therapeutics stock?
CORT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Nexthera Capital LP, Dimensional Fund Advisors LP, GSA Capital Partners LLP, Timpani Capital Management LLC, ETRADE Capital Management LLC, State of Tennessee Treasury Department and Federated Investors Inc. PA. Company insiders that have bought Corcept Therapeutics stock in the last two years include 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 $18.09.
How big of a company is Corcept Therapeutics?
Corcept Therapeutics has a market capitalization of $2.07 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.
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 650-688-8803 or via email at [email protected]
MarketBeat Community Rating for Corcept Therapeutics (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.
Corcept Therapeutics (NASDAQ:CORT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Corcept Therapeutics in the last 12 months. Their average twelve-month price target is $26.40, suggesting that the stock has a possible upside of 45.94%. The high price target for CORT is $32.00 and the low price target for CORT is $20.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 2.50 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.40 | $26.40 | $23.3333 | $19.25 |
| Price Target Upside: | 45.94% upside | 57.52% upside | 35.19% upside | 1.85% upside |
Corcept Therapeutics (NASDAQ:CORT) Consensus Price Target History
Corcept Therapeutics (NASDAQ:CORT) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Corcept Therapeutics (NASDAQ:CORT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Corcept Therapeutics (NASDAQ CORT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 15.00%
Institutional Ownership Percentage: 76.46%
Corcept Therapeutics (NASDAQ CORT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/11/2018 | G Leonard Baker Jr | Director | Sell | 30,000 | $16.01 | $480,300.00 | |  |
| 5/7/2018 | Robert S Fishman | Insider | Sell | 8,000 | $17.68 | $141,440.00 | 8,000 | |
| 4/6/2018 | Robert S Fishman | Insider | Sell | 8,000 | $16.22 | $129,760.00 | 8,000 | |
| 3/7/2018 | Renee D Gala | Director | Buy | 10,000 | $15.51 | $155,100.00 | 1,000 | |
| 3/7/2018 | Robert S Fishman | Insider | Sell | 8,000 | $15.67 | $125,360.00 | 8,000 | |
| 2/7/2018 | Robert S Fishman | Insider | Sell | 8,000 | $16.60 | $132,800.00 | 8,000 | |
| 1/8/2018 | Robert S Fishman | Insider | Sell | 8,000 | $18.67 | $149,360.00 | 8,000 | |
| 12/8/2017 | Robert S Fishman | Insider | Sell | 8,000 | $16.72 | $133,760.00 | 8,000 | |
| 11/13/2017 | G Leonard Baker Jr | Director | Sell | 30,000 | $17.59 | $527,700.00 | | |
| 7/19/2017 | David L Mahoney | Director | Sell | 23,006 | $12.50 | $287,575.00 | | |
| 7/18/2017 | David L Mahoney | Director | Sell | 6,091 | $12.50 | $76,137.50 | | |
| 7/13/2017 | David L Mahoney | Director | Sell | 6,994 | $12.50 | $87,425.00 | | |
| 7/12/2017 | David L Mahoney | Director | Sell | 6,510 | $12.50 | $81,375.00 | | |
| 5/4/2017 | Gary Charles Robb | CFO | Buy | 5,600 | $9.75 | $54,600.00 | 6,858 | |
| 3/16/2017 | Patrick G. Enright | Director | Sell | 269,955 | $9.94 | $2,683,352.70 | | |
| 3/15/2017 | Patrick G Enright | Director | Sell | 600,000 | $10.15 | $6,090,000.00 | 204,210 | |
| 3/8/2017 | Patrick G Enright | Director | Sell | 750,000 | $9.75 | $7,312,500.00 | 204,210 | |
| 2/27/2017 | Patrick G Enright | Director | Sell | 2,500,000 | $8.81 | $22,025,000.00 | 204,210 | |
| 11/25/2016 | Patrick G Enright | Director | Sell | 36,941 | $9.34 | $345,028.94 | | |
| 11/21/2016 | Patrick G Enright | Director | Sell | 544,100 | $9.56 | $5,201,596.00 | | |
| 11/16/2016 | Patrick G Enright | Director | Sell | 174,847 | $9.55 | $1,669,788.85 | | |
| 11/11/2016 | James N Wilson | Director | Sell | 158,812 | $8.51 | $1,351,490.12 | | |
| 11/11/2016 | Joseph K Belanoff | Insider | Sell | 500,000 | $8.98 | $4,490,000.00 | 2,464,195 | |
| 11/7/2016 | Joseph K Belanoff | CEO | Sell | 500,000 | $8.31 | $4,155,000.00 | 2,257,728 | |
| 5/10/2016 | G Leonard Baker Jr | Director | Buy | 100,000 | $4.88 | $488,000.00 | 721,038 | |
| 1/6/2016 | James N Wilson | Director | Sell | 1,188 | $4.90 | $5,821.20 | | |
| 12/10/2015 | Daniel Bradbury | Director | Sell | 20,000 | $4.85 | $97,000.00 | | |
| 11/24/2015 | Daniel Bradbury | Director | Sell | 40,000 | $5.00 | $200,000.00 | | |
| 11/12/2015 | James N Wilson | Director | Sell | 20,000 | $4.90 | $98,000.00 | | |
| 11/2/2015 | Steven Lo | VP | Sell | 12,500 | $4.00 | $50,000.00 | 12,500 | |
| 10/13/2015 | Steven Lo | VP | Sell | 53,033 | $3.82 | $202,586.06 | | |
| 10/7/2015 | Steven Lo | VP | Sell | 5,300 | $4.00 | $21,200.00 | 53,033 | |
| 10/6/2015 | Steven Lo | VP | Sell | 50,000 | $3.76 | $188,000.00 | 58,333 | |
| 9/16/2015 | Daniel Bradbury | Director | Sell | 20,000 | $4.96 | $99,200.00 | | |
| 9/1/2015 | James N Wilson | Director | Sell | 10,000 | $4.90 | $49,000.00 | | |
| 8/27/2015 | Daniel Bradbury | Director | Sell | 20,000 | $4.76 | $95,200.00 | | |
| 7/21/2015 | Daniel Bradbury | Director | Sell | 10,000 | $4.98 | $49,800.00 | | |
| 7/20/2015 | Daniel Bradbury | Director | Sell | 10,000 | $5.32 | $53,200.00 | | |
| 7/8/2015 | David L Mahoney | Director | Sell | 33,828 | $5.74 | $194,172.72 | | |
| 7/1/2015 | James N Wilson | Director | Sell | 10,000 | $6.06 | $60,600.00 | | |
| 6/24/2015 | Daniel Bradbury | Director | Sell | 20,000 | $6.75 | $135,000.00 | | |
| 6/23/2015 | Daniel Bradbury | Director | Sell | 10,000 | $6.92 | $69,200.00 | | |
| 6/2/2015 | James N Wilson | Director | Sell | 10,000 | $6.13 | $61,300.00 | | |
| 3/24/2015 | Patrick G Enright | Director | Sell | 1,089,745 | $5.75 | $6,266,033.75 | | |
| 3/19/2015 | Joseph C Cook Jr | Director | Sell | 77,200 | $5.22 | $402,984.00 | | |
| 6/11/2014 | G Leonard Baker Jr | Director | Buy | 103,386 | $2.32 | $239,855.52 | | |
| 5/13/2014 | Joseph Cook, Jr. | Director | Buy | 100,000 | $1.84 | $184,000.00 | 2,040,826 | |
| 5/12/2014 | Daniel Bradbury | Director | Buy | 138,925 | $1.80 | $250,065.00 | | |
| 5/9/2014 | G Leonard Baker, Jr. | Director | Buy | 100,000 | $1.84 | $184,000.00 | 578,389 | |
| 5/2/2014 | Longitude Venture Partners L.P | Director | Sell | 250,000 | $4.11 | $1,027,500.00 | | |
| 4/1/2014 | Patrick Enright | Director | Sell | 250,000 | $4.28 | $1,070,000.00 | | |
| 3/7/2014 | Longitude Venture Partners L.P | Director | Sell | 250,000 | $4.00 | $1,000,000.00 | | |
| 3/14/2013 | Joseph L Turner | Director | Buy | 10,000 | $2.01 | $20,100.00 | | |
| 12/5/2012 | G Leonard Baker Jr | Director | Buy | 87,131 | $1.46 | $127,211.26 | | |
| 11/23/2012 | Daniel Bradbury | Director | Buy | 179,000 | $1.39 | $248,810.00 | | |
| 11/7/2012 | G Leonard Baker Jr | Director | Buy | 300,000 | $1.83 | $549,000.00 | | |
(Data available from 1/1/2013 forward)
Corcept Therapeutics (NASDAQ CORT) News Headlines
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Corcept Therapeutics (NASDAQ:CORT) SEC Filings
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Corcept Therapeutics (NASDAQ:CORT) Income Statement, Balance Sheet and Cash Flow Statement
Corcept Therapeutics (NASDAQ CORT) Stock Chart for Thursday, May, 24, 2018
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