NASDAQ:CORT - Corcept Therapeutics Stock Price, News, & Analysis

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$15.00 -0.45 (-2.91 %)
(As of 01/17/2019 10:34 AM ET)
Previous Close$15.45
Today's Range$14.98 - $15.61
52-Week Range$11.21 - $25.96
Volume93,673 shs
Average Volume1.13 million shs
Market Capitalization$1.81 billion
P/E Ratio34.09
Dividend YieldN/A
Beta1.48
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.

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Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryPharmaceuticals
SectorMedical
Current SymbolNASDAQ:CORT
CUSIP21835210
Phone650-327-3270

Debt

Current Ratio5.58
Quick Ratio5.44

Price-To-Earnings

Sales & Book Value

Annual Sales$159.20 million
Price / Sales10.88
Cash Flow$0.4395 per share
Price / Cash Flow34.13
Book Value$1.67 per share
Price / Book8.98

Profitability

Net Income$129.12 million
Net Margins63.79%
Return on Assets28.88%

Miscellaneous

Employees136
Market Cap$1.81 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 earnings results on Thursday, November, 1st. The biotechnology company reported $0.14 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.02. The biotechnology company earned $64.45 million during the quarter, compared to analysts' expectations of $67.42 million. Corcept Therapeutics had a net margin of 63.79% and a return on equity of 32.96%. The business's revenue for the quarter was up 50.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. View Corcept Therapeutics' Earnings History.

When is Corcept Therapeutics' next earnings date?

Corcept Therapeutics is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Corcept Therapeutics.

What price target have analysts set for CORT?

5 Wall Street analysts have issued 12-month price targets for Corcept Therapeutics' stock. Their forecasts range from $11.00 to $32.00. On average, they anticipate Corcept Therapeutics' stock price to reach $24.80 in the next year. This suggests a possible upside of 61.1% 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. According to Zacks Investment Research, "Corcept is making a good progress with its Cushing's syndrome drug, Korlym. Efforts to expand Korlym’s label are encouraging and should boost the drug’s commercial potential significantly. The company is also attempting to develop its pipeline with its most advanced candidate, relacorilant (CORT125134), which is currently under evaluation in a phase II study for Cushing's syndrome. A 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 in the past one year. Moreover, the company is solely dependent on Korlym for growth. Additionally, a decline in Korlym sales will hinder the company’s growth prospects in the future quarters." (1/3/2019)
  • 2. 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)

Has Corcept Therapeutics been receiving favorable news coverage?

News stories about CORT stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Corcept Therapeutics earned a daily sentiment score of -1.6 on InfoTrie's scale. They also gave news articles about the biotechnology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company'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 December. As of December 31st, there was short interest totalling 24,478,680 shares, an increase of 2.2% from the December 14th total of 23,951,143 shares. Based on an average trading volume of 1,562,366 shares, the days-to-cover ratio is presently 15.7 days. Currently, 23.4% of the shares of the company are sold short. View Corcept Therapeutics' Current Options Chain.

Who are some of Corcept Therapeutics' key competitors?

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 many different of institutional and retail investors. Top institutional shareholders include Tealwood Asset Management Inc. (0.09%), Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.03%) and Virtu Financial LLC (0.01%). 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 major investors are selling Corcept Therapeutics stock?

CORT stock was sold by a variety of institutional investors in the last quarter, including Tealwood Asset Management Inc. and Louisiana State Employees Retirement System. 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 major investors are buying Corcept Therapeutics stock?

CORT stock was purchased by a variety of institutional investors in the last quarter, including Virtu Financial LLC and State of Alaska Department of Revenue. 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 $15.39.

How big of a company is Corcept Therapeutics?

Corcept Therapeutics has a market capitalization of $1.81 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?

The official website for Corcept Therapeutics is http://www.corcept.com.

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)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  375 (Vote Outperform)
Underperform Votes:  284 (Vote Underperform)
Total Votes:  659
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.
This page was last updated on 1/17/2019 by MarketBeat.com Staff

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