NASDAQ:CORT Corcept Therapeutics Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Corcept Therapeutics Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.55 +0.21 (+1.21 %) (As of 09/29/2020 03:51 PM ET) Add Compare Share Today's Range$17.37Now: $17.55▼$17.8550-Day Range$12.46MA: $15.83▼$19.9852-Week Range$9.70Now: $17.55▼$23.48Volume48,348 shsAverage Volume1.69 million shsMarket Capitalization$2.03 billionP/E Ratio18.67Dividend YieldN/ABeta0.98 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Corcept Therapeutics Incorporated 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. It is developing relacorilant that is in Phase III clinical trial to treat patients with Cushing's syndrome; and Abraxane in combination with relacorilant, which is in Phase II clinical trial to treat metastatic ovarian cancer, as well as in Phase I/II clinical trial for the treatment of solid tumors. The company is also developing 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; CORT118335 selective cortisol modulator for the treatment of antipsychotic-induced weight gain and non-alcoholic steatotic hepatitis; and FKBP5 gene expression assays. Corcept Therapeutics Incorporated was founded in 1998 and is headquartered in Menlo Park, California.Read More Beat the Market (BTM) Rank™ 1.0 Analyst's Opinion Consensus RatingCorcept Therapeutics has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.50, Corcept Therapeutics has a forecasted downside of 12.6% from its current price of $17.73.Amount of Analyst CoverageCorcept Therapeutics has only been the subject of 1 research reports in the past 90 days. Previous Next 2.7 Community Rank Outperform VotesCorcept Therapeutics has received 472 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCorcept Therapeutics has received 399 “underperform” votes. (Add your “underperform” vote.)Community SentimentCorcept Therapeutics has received 54.19% “outperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldCorcept Therapeutics does not currently pay a dividend.Dividend GrowthCorcept Therapeutics does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Corcept Therapeutics insiders have bought 601.13% more of their company's stock than they have sold. Specifically, they have bought $577,729.00 in company stock and sold $82,400.00 in company stock.Percentage Held by InsidersOnly 16.40% of the stock of Corcept Therapeutics is held by insiders.Percentage Held by Institutions76.31% of the stock of Corcept Therapeutics is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Corcept Therapeutics are expected to decrease by -11.63% in the coming year, from $0.86 to $0.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Corcept Therapeutics is 18.86, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.70.Price to Earnings Ratio vs. SectorThe P/E ratio of Corcept Therapeutics is 18.86, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 27.09.Price to Book Value per Share RatioCorcept Therapeutics has a P/B Ratio of 5.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.0Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.67 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Pharmaceutical preparations Sub-IndustryPharmaceuticals SectorMedical Current SymbolNASDAQ:CORT Previous Symbol CUSIP21835210 CIK1088856 Webwww.corcept.com Phone650-327-3270Debt Debt-to-Equity RatioN/A Current Ratio10.38 Quick Ratio10.26Price-To-Earnings Trailing P/E Ratio18.67 Forward P/E Ratio20.41 P/E GrowthN/A Sales & Book Value Annual Sales$306.49 million Price / Sales6.62 Cash Flow$0.87 per share Price / Cash Flow20.20 Book Value$3.25 per share Price / Book5.40Profitability EPS (Most Recent Fiscal Year)$0.77 Net Income$94.18 million Net Margins32.49% Return on Equity29.10% Return on Assets26.50%Miscellaneous Employees166 Outstanding Shares115,558,000Market Cap$2.03 billion Next Earnings Date11/5/2020 (Estimated) OptionableOptionable $17.55 +0.21 (+1.21 %) (As of 09/29/2020 03:51 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CORT News and Ratings via Email Sign-up to receive the latest news and ratings for CORT and its competitors with MarketBeat's FREE daily newsletter. Corcept Therapeutics (NASDAQ:CORT) Frequently Asked Questions How has Corcept Therapeutics' stock been impacted by Coronavirus? Corcept Therapeutics' stock was trading at $10.95 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CORT stock has increased by 60.3% and is now trading at $17.55. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Corcept Therapeutics? 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." View analyst ratings for Corcept Therapeutics. When is Corcept Therapeutics' next earnings date? Corcept Therapeutics is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for Corcept Therapeutics. How were Corcept Therapeutics' earnings last quarter? Corcept Therapeutics Incorporated (NASDAQ:CORT) announced its quarterly earnings results on Tuesday, August, 4th. The biotechnology company reported $0.23 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.03. The biotechnology company earned $88.60 million during the quarter, compared to analyst estimates of $90.13 million. Corcept Therapeutics had a return on equity of 29.10% and a net margin of 32.49%. The business's revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. View Corcept Therapeutics' earnings history. What guidance has Corcept Therapeutics issued on next quarter's earnings? Corcept Therapeutics updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $355-375 million, compared to the consensus revenue estimate of $368.27 million. What price target have analysts set for CORT? 2 equities research analysts have issued 1 year target prices for Corcept Therapeutics' stock. Their forecasts range from $15.00 to $16.00. On average, they anticipate Corcept Therapeutics' stock price to reach $15.50 in the next year. This suggests that the stock has a possible downside of 11.7%. View analysts' price targets for Corcept Therapeutics. Are investors shorting 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 currently 6.5 days. Currently, 18.1% of the company's stock are sold short. View Corcept Therapeutics' Short Interest. Who are some of Corcept Therapeutics' key competitors? Some companies that are related to Corcept Therapeutics include Johnson & Johnson (JNJ), Merck & Co., Inc. (MRK), Pfizer (PFE), AbbVie (ABBV), Eli Lilly And Co (LLY), Bristol-Myers Squibb (BMY), Zoetis (ZTS), Horizon Therapeutics (HZNP), Royalty Pharma (RPRX), Jazz Pharmaceuticals (JAZZ), Mylan (MYL), Perrigo (PRGO), Nektar Therapeutics (NKTR), Pacira Biosciences (PCRX) and Supernus Pharmaceuticals (SUPN). View all competitors. 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), Pfizer (PFE), Inovio Pharmaceuticals (INO) and Netflix (NFLX). Who are Corcept Therapeutics' key executives? Corcept Therapeutics' management team includes the following people: Dr. Joseph K. Belanoff, Co-Founder, Pres, CEO & Director (Age 62)Mr. Gary Charles Robb, CFO & Sec. (Age 56)Mr. Sean Maduck, Sr. VP of Commercial (Age 42)Dr. Christopher Shayne James M.D., Director of Investor RelationsDr. Hazel Hunt Ph.D., Sr. VP of Research What is Corcept Therapeutics' stock symbol? Corcept Therapeutics trades on the NASDAQ under the ticker symbol "CORT." 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, Robinhood, Fidelity, and Charles Schwab. What is Corcept Therapeutics' stock price today? One share of CORT stock can currently be purchased for approximately $17.55. How big of a company is Corcept Therapeutics? Corcept Therapeutics has a market capitalization of $2.03 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. What is Corcept Therapeutics' official website? The official website for Corcept Therapeutics is 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] This page was last updated on 9/29/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
