Vericel (VCEL) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vericel in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VCEL shares.
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4 Wall Street research analysts have issued twelve-month target prices for Vericel's shares. Their VCEL share price forecasts range from $34.00 to $42.00. On average, they expect the company's stock price to reach $37.25 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
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Vericel's stock was trading at $26.34 on January 1st, 2023. Since then, VCEL shares have increased by 25.0% and is now trading at $32.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Vericel Co. (NASDAQ:VCEL) issued its quarterly earnings data on Thursday, February, 23rd. The biotechnology company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.10. The biotechnology company earned $52.70 million during the quarter, compared to analyst estimates of $52.95 million. Vericel had a negative net margin of 10.11% and a negative trailing twelve-month return on equity of 9.26%. The company's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS.

ETFs with the largest weight of Vericel (NASDAQ:VCEL) stock in their portfolio include Invesco Dynamic Biotechnology & Genome ETF (PBE), Invesco S&P SmallCap Health Care ETF (PSCH), ALPS Medical Breakthroughs ETF (SBIO), WisdomTree BioRevolution Fund (WDNA), SPDR S&P Biotech ETF (XBI), Principal Healthcare Innovators ETF (BTEC), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).

Vericel updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $184.00 million-$192.00 million, compared to the consensus revenue estimate of $186.54 million.

6 employees have rated Vericel Chief Executive Officer Nick Colangelo on Glassdoor.com. Nick Colangelo has an approval rating of 49% among the company's employees. This puts Nick Colangelo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Vericel investors own include Exelixis (EXEL), Novavax (NVAX), Hello Group (MOMO), Dynavax Technologies (DVAX), Synergy Pharmaceuticals (SGYP), Sorrento Therapeutics (SRNE), TG Therapeutics (TGTX), Verastem (VSTM), Amarin (AMRN) and NVIDIA (NVDA).

Vericel trades on the NASDAQ under the ticker symbol "VCEL."

Vericel's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.66%), Brown Capital Management LLC (14.81%), RTW Investments LP (6.92%), State Street Corp (5.74%), Conestoga Capital Advisors LLC (5.01%) and Fisher Asset Management LLC (3.66%). Insiders that own company stock include Dominick Colangelo, Jonathan Mark Hopper, Jonathan Siegal, Michael Halpin, Paul K Wotton, Robert L Md Zerbe, Sean C Flynn and Steven C Gilman.
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Shares of VCEL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VCEL stock can currently be purchased for approximately $32.93.

Vericel (NASDAQ:VCEL) has a market capitalization of $1.57 billion and generates $163.70 million in revenue each year. The biotechnology company earns $-16,710,000.00 in net income (profit) each year or ($0.37) on an earnings per share basis.

The company employs 281 workers across the globe.

Vericel's mailing address is 64 SIDNEY STREET, CAMBRIDGE MA, 02139. The official website for the company is www.vcel.com. The biotechnology company can be reached via phone at (617) 588-5555, via email at ir@vcel.com, or via fax at 617-588-5554.