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

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$16.11 -1.08 (-6.28 %)
(As of 12/16/2018 12:27 PM ET)
Previous Close$16.11
Today's Range$15.4750 - $17.31
52-Week Range$11.21 - $25.96
Volume2.84 million shs
Average Volume1.66 million shs
Market Capitalization$1.86 billion
P/E Ratio36.61
Dividend YieldN/A
Beta1.74
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

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 Ratio36.61
Forward P/E Ratio26.85
P/E GrowthN/A

Sales & Book Value

Annual Sales$159.20 million
Price / Sales11.68
Cash Flow$0.4604 per share
Price / Cash Flow34.99
Book Value$1.67 per share
Price / Book9.65

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$1.86 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) posted its quarterly earnings data on Thursday, November, 1st. The biotechnology company reported $0.14 EPS 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 the consensus estimate of $67.42 million. Corcept Therapeutics had a return on equity of 32.96% and a net margin of 63.79%. The firm's quarterly revenue was up 50.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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 brokerages have issued 12 month price objectives for Corcept Therapeutics' stock. Their forecasts range from $11.00 to $32.00. On average, they expect Corcept Therapeutics' share price to reach $24.80 in the next twelve months. This suggests a possible upside of 53.9% 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?

Media stories about CORT stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Corcept Therapeutics earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news stories about the biotechnology company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat 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 in 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 trading volume of 1,272,933 shares, the short-interest ratio is presently 18.5 days. Approximately 22.8% of the shares of the stock 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 a variety of of retail and institutional investors. Top institutional shareholders 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 purchased 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 $16.11.

How big of a company is Corcept Therapeutics?

Corcept Therapeutics has a market capitalization of $1.86 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:  2.9 out of 5 (star star)
Outperform Votes:  369 (Vote Outperform)
Underperform Votes:  276 (Vote Underperform)
Total Votes:  645
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 12/16/2018 by MarketBeat.com Staff

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