Corcept Therapeutics Stock Forecast, Price & News

Corcept Therapeutics' stock was trading at $10.95 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CORT shares have increased by 61.6% and is now trading at $17.70.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corcept Therapeutics in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Corcept Therapeutics is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Corcept Therapeutics.

Corcept Therapeutics Incorporated (NASDAQ:CORT) issued its earnings results on Tuesday, August, 4th. The biotechnology company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.03. The biotechnology company had revenue of $88.60 million for the quarter, compared to analysts' expectations of $90.13 million. Corcept Therapeutics had a net margin of 32.49% and a return on equity of 29.10%. The firm's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share.
View Corcept Therapeutics' earnings history.

Corcept Therapeutics updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $355-375 million, compared to the consensus revenue estimate of $368.27 million.

2 Wall Street analysts have issued 12 month target prices for Corcept Therapeutics' shares. Their forecasts range from $15.00 to $16.00. On average, they anticipate Corcept Therapeutics' share price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 12.4%.
View analysts' price targets for Corcept Therapeutics.

Corcept Therapeutics saw a drop in short interest in September. As of September 15th, there was short interest totaling 18,860,000 shares, a drop of 18.6% from the August 31st total of 23,160,000 shares. Based on an average daily trading volume, of 2,890,000 shares, the short-interest ratio is presently 6.5 days. Currently, 18.1% of the company's shares are sold short.
View Corcept Therapeutics' Short Interest.

Some companies that are related to Corcept Therapeutics include Johnson & Johnson (JNJ), Pfizer (PFE), Merck & Co., Inc. (MRK), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Eli Lilly And Co (LLY), Zoetis (ZTS), Horizon Therapeutics Public (HZNP), Royalty Pharma (RPRX), Jazz Pharmaceuticals (JAZZ), Mylan (MYL), Perrigo (PRGO), Nektar Therapeutics (NKTR), Pacira Biosciences (PCRX) and Endo International (ENDP).
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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).

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

Corcept Therapeutics' stock is owned by a number of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.30%), Louisiana State Employees Retirement System (0.04%), Envestnet Asset Management Inc. (0.03%), Campbell & CO Investment Adviser LLC (0.03%), Juncture Wealth Strategies LLC (0.02%) and Pacer Advisors Inc. (0.02%). Company insiders that own Corcept Therapeutics stock include Daniel N Swisher Jr, G Leonard Baker Jr, Gary Charles Robb, Joseph K Belanoff, Robert S Fishman and Sean Maduck.
View institutional ownership trends for Corcept Therapeutics.

CORT stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Campbell & CO Investment Adviser LLC, Louisiana State Employees Retirement System, 6 Meridian, Envestnet Asset Management Inc., Pacer Advisors Inc., Juncture Wealth Strategies LLC, and Spearhead Capital Advisors LLC.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of CORT stock can currently be purchased for approximately $17.70.

Corcept Therapeutics has a market capitalization of $2.05 billion and generates $306.49 million in revenue each year. The biotechnology company earns $94.18 million in net income (profit) each year or $0.77 on an earnings per share basis. Corcept Therapeutics employs 166 workers across the globe.

The official website for Corcept Therapeutics is www.corcept.com.

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]