NASDAQ:VSTM - Verastem Stock Price, News, & Analysis

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$5.11 +0.32 (+6.68 %)
(As of 11/15/2018 04:00 PM ET)
Previous Close$4.79
Today's Range$4.72 - $5.12
52-Week Range$2.77 - $10.35
Volume2.23 million shs
Average Volume2.09 million shs
Market Capitalization$374.60 million
P/E Ratio-2.90
Dividend YieldN/A
Beta3.14
Verastem, Inc., operating as a Verastem Oncology, is a biopharmaceutical company focuses on developing and commercializing medicines to improve the survival of life of cancer patients. It markets COPIKTRA (duvelisib), an oral inhibitor of phosphoinositide 3-kinase (PI3K) and is approved dual inhibitor of PI3K-delta and PI3K-gamma, which is indicated for the treatment of adult patients with relapsed or refractory chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) after at least two prior therapies and relapsed or refractory follicular lymphoma (FL) after at least two prior systemic therapies. The indication in FL is approved under accelerated approval based on overall response rate. The company is also developing a dual inhibitor of PI3K-delta and PI3K-gamma, which has completed Phase 2 study in indolent non-hodgkin lymphoma. In addition, Verastem, Inc. is developing the focal adhesion kinase (FAK) inhibitor defactinib, which is being evaluated in three separate clinical collaborations in combination with immunotherapeutic agents for the treatment of various different cancer types, including pancreatic cancer, ovarian cancer, non-small cell lung cancer (NSCLC), and mesothelioma. Its product candidates seek to treat cancer by modulating the local tumor microenvironment and enhancing anti-tumor immunity. Verastem, Inc. has a collaboration agreement with The Leukemia & Lymphoma Society to develop duvelisib for the treatment of peripheral T-cell lymphoma. The company was founded in 2010 and is headquartered in Needham, Massachusetts.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:VSTM
Previous Symbol
CUSIP92337C10
Phone781-292-4200

Debt

Debt-to-Equity Ratio0.20
Current Ratio2.97
Quick Ratio2.97

Price-To-Earnings

Trailing P/E Ratio-2.90
Forward P/E Ratio-3.45
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book Value$1.46 per share
Price / Book3.50

Profitability

EPS (Most Recent Fiscal Year)($1.76)
Net Income$-67,800,000.00
Net MarginsN/A
Return on Equity-95.94%
Return on Assets-61.70%

Miscellaneous

Employees69
Outstanding Shares73,740,000
Market Cap$374.60 million
OptionableOptionable

Verastem (NASDAQ:VSTM) Frequently Asked Questions

What is Verastem's stock symbol?

Verastem trades on the NASDAQ under the ticker symbol "VSTM."

How were Verastem's earnings last quarter?

Verastem Inc (NASDAQ:VSTM) announced its quarterly earnings data on Thursday, November, 8th. The biopharmaceutical company reported ($0.29) EPS for the quarter, topping the Zacks' consensus estimate of ($0.43) by $0.14. The biopharmaceutical company earned $15.51 million during the quarter. View Verastem's Earnings History.

When is Verastem's next earnings date?

Verastem is scheduled to release their next quarterly earnings announcement on Tuesday, March 12th 2019. View Earnings Estimates for Verastem.

What price target have analysts set for VSTM?

9 brokerages have issued 1-year target prices for Verastem's shares. Their forecasts range from $12.00 to $17.00. On average, they anticipate Verastem's stock price to reach $15.2222 in the next twelve months. This suggests a possible upside of 197.9% from the stock's current price. View Analyst Price Targets for Verastem.

What is the consensus analysts' recommendation for Verastem?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verastem in the last year. There are currently 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Verastem.

What are Wall Street analysts saying about Verastem stock?

Here are some recent quotes from research analysts about Verastem stock:
  • 1. Cann analysts commented, "Verastem’s loss per share of $0.30 was in line with our estimated $0.30. There was an unanticipated upfront payment from Yakult of $10 million, in association with a collaboration agreement. This was offset by higher than estimated operating expense. SG&A of $15.8 million was higher than our estimated $90.0 million due to infrastructure ramp in association with the anticipated launch of Duvelisib in Q4 2018. R&D of $12.4 million exceeded our estimated $10.6 million due to further development of Duvelisib." (8/9/2018)
  • 2. According to Zacks Investment Research, "Verastem, Inc., a clinical stage biopharmaceutical company, focuses on discovering and developing drugs to improve outcomes for patients with cancer. Its programs target the focal adhesion kinase (FAK) and the phosphoinositide 3-kinase (PI3K)/mTOR signaling pathways. Its lead FAK inhibitor is defactinib (VS-6063), an orally available candidate for combination therapy with immuno-oncology agents and other anti-cancer compounds. The company's defactinib is in Phase 1b study for the treatment of pancreatic cancer, as well as in Phase 1/2 clinical trial for the treatment of ovarian cancer, non-small cell lung cancer, mesothelioma, and pancreatic cancer. It also engages in developing duvelisib, an investigational oral therapy that targets the PI3K signaling pathway, as well as attacks malignant B-cells and T-cells and disrupt the tumor microenvironment to help thwart their growth and proliferation for patients with lymphatic cancers through the dual inhibition of PI3K delta and gamma. " (7/20/2018)
  • 3. HC Wainwright analysts commented, "Olga Smolentseva, Ph.D. – (646-975-6966) / [email protected] Our Takeaways From Verastem Investor Day; Reiterate Buy We anticipate duvelisib approval in 4Q18. On May 2, Verastem Oncology held an Analyst and Investor Day in New York and provided an overview on duvelisib’s development and management’s plans for the drug’s commercial launch. Recall, on February 7, Verastem filed a NDA application for duvelisib, the company’s dual PI3K-γ/δ inhibitor, for the treatment of relapsed/refractory chronic lymphocytic leukemia and small lymphocytic lymphoma (r/r CLL/ SLL). The company has also filed for an accelerated approval of duvelisib for the treatment of follicular lymphoma (FL). We note that the FDA has granted a priority review for the duvelisib application, with the PDUFA date scheduled for October 5." (5/3/2018)
  • 4. Cantor Fitzgerald analysts commented, "Working off Overhangs. We think VSTM shares are undervalued relative to the duvelisib opportunity, and this is partly a function, in our view, of overhangs, particularly cash. VSTM had just under $87 mln in cash, which is sufficient to fund the company into 2H18, but will need additional capital to see duvelisib through commercialization. VSTM has an additional $35 mln available under a debt facility, and the company could add additional cash through a partner deal. It has been our anticipation that VSTM will need to address the capital markets in some way in 2018." (3/13/2018)

Has Verastem been receiving favorable news coverage?

Media headlines about VSTM stock have trended somewhat negative on Thursday, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Verastem earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news coverage about the biopharmaceutical company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an effect on the stock's share price in the next several days.

Are investors shorting Verastem?

Verastem saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 18,654,118 shares, an increase of 13.1% from the October 15th total of 16,498,651 shares. Based on an average trading volume of 2,428,622 shares, the short-interest ratio is presently 7.7 days. Currently, 26.0% of the company's shares are sold short. View Verastem's Current Options Chain.

Who are some of Verastem's key competitors?

Who are Verastem's key executives?

Verastem's management team includes the folowing people:
  • Mr. Robert Forrester, Pres, CEO & Director (Age 54)
  • Dr. NgocDiep T Le M.D., Ph.D., Chief Medical Officer (Age 50)
  • Mr. Richard H. Aldrich, Founder and Consultant (Age 64)
  • Dr. Robert A. Weinberg, Co-Founder and Chair of Scientific Advisory Board
  • Dr. Piyush B. Gupta, Co-Founder

Who are Verastem's major shareholders?

Verastem's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.31%), FMR LLC (4.51%), Man Group plc (1.01%), Allianz Asset Management GmbH (0.42%), Fuller & Thaler Asset Management Inc. (0.35%) and Cohen Capital Management Inc. (0.34%). Company insiders that own Verastem stock include Dan Paterson, Joseph M Lobacki, Michael Kauffman, Robert Forrester, Steven H Bloom and Timothy J Barberich. View Institutional Ownership Trends for Verastem.

Which major investors are selling Verastem stock?

VSTM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, JPMorgan Chase & Co., JPMorgan Chase & Co., Bank of New York Mellon Corp, Bridgeway Capital Management Inc., Virtus ETF Advisers LLC and Victory Capital Management Inc.. View Insider Buying and Selling for Verastem.

Which major investors are buying Verastem stock?

VSTM stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Man Group plc, Fuller & Thaler Asset Management Inc., Cohen Capital Management Inc., Jane Street Group LLC, Dynamic Technology Lab Private Ltd, Allianz Asset Management GmbH and Algert Global LLC. Company insiders that have bought Verastem stock in the last two years include Dan Paterson, Joseph M Lobacki, Michael Kauffman, Robert Forrester, Steven H Bloom and Timothy J Barberich. View Insider Buying and Selling for Verastem.

How do I buy shares of Verastem?

Shares of VSTM 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 Verastem's stock price today?

One share of VSTM stock can currently be purchased for approximately $5.11.

How big of a company is Verastem?

Verastem has a market capitalization of $374.60 million. The biopharmaceutical company earns $-67,800,000.00 in net income (profit) each year or ($1.76) on an earnings per share basis. Verastem employs 69 workers across the globe.

What is Verastem's official website?

The official website for Verastem is http://www.verastem.com.

How can I contact Verastem?

Verastem's mailing address is 117 KENDRICK STREET SUITE 500, NEEDHAM MA, 02494. The biopharmaceutical company can be reached via phone at 781-292-4200 or via email at [email protected]


MarketBeat Community Rating for Verastem (NASDAQ VSTM)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  361 (Vote Outperform)
Underperform Votes:  232 (Vote Underperform)
Total Votes:  593
MarketBeat's community ratings are surveys of what our community members think about Verastem and other stocks. Vote "Outperform" if you believe VSTM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VSTM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/15/2018 by MarketBeat.com Staff

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