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NASDAQ:VSTMVerastem Stock Price, Forecast & News

$1.88
+0.05 (+2.73 %)
(As of 06/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$1.80
Now: $1.88
$1.91
50-Day Range
$1.73
MA: $2.31
$4.20
52-Week Range
$0.83
Now: $1.88
$4.67
Volume6.77 million shs
Average Volume4.97 million shs
Market Capitalization$305.56 million
P/E RatioN/A
Dividend YieldN/A
Beta1.24
Verastem, Inc., a biopharmaceutical company, focusing on developing and commercializing medicines to improve the survival and quality of life of cancer patients. It markets COPIKTRA (duvelisib), an oral inhibitor of phosphoinositide 3-kinase (PI3K) and 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 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. In addition, it is developing the focal adhesion kinase inhibitor defactinib, which is being investigated in combination with immunotherapeutic agents for the treatment of various different cancer types, including pancreatic cancer, ovarian cancer, non-small cell lung cancer (NSCLC), mesothelioma, and other solid tumors. Verastem, Inc. has collaboration agreements with Yakult Honsha Co., Ltd. and CSPC Pharmaceutical Group Limited. The company was founded in 2010 and is headquartered in Needham, Massachusetts.
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Verastem logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Current SymbolNASDAQ:VSTM
CUSIP92337C10
Phone781-292-4200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$17.46 million
Book Value$0.09 per share

Profitability

Net Income$-149,210,000.00
Net Margins-715.40%

Miscellaneous

Employees169
Market Cap$305.56 million
Next Earnings Date8/6/2020 (Estimated)
OptionableOptionable

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Verastem (NASDAQ:VSTM) Frequently Asked Questions

How has Verastem's stock been impacted by COVID-19 (Coronavirus)?

Verastem's stock was trading at $2.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, VSTM shares have decreased by 23.0% and is now trading at $1.88. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Verastem?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Verastem in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Verastem.

When is Verastem's next earnings date?

Verastem is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Verastem.

How were Verastem's earnings last quarter?

Verastem Inc (NASDAQ:VSTM) posted its quarterly earnings results on Thursday, May, 7th. The biopharmaceutical company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.22) by $0.13. The biopharmaceutical company earned $5.06 million during the quarter, compared to analyst estimates of $3.14 million. Verastem had a negative net margin of 715.40% and a negative return on equity of 282.13%. View Verastem's earnings history.

What price target have analysts set for VSTM?

4 brokerages have issued 12 month price objectives for Verastem's shares. Their forecasts range from $3.00 to $9.00. On average, they anticipate Verastem's stock price to reach $6.00 in the next year. This suggests a possible upside of 219.1% from the stock's current price. View analysts' price targets for Verastem.

Has Verastem been receiving favorable news coverage?

Media stories about VSTM stock have been trending positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Verastem earned a coverage optimism score of 2.7 on InfoTrie's scale. They also assigned media headlines about the biopharmaceutical company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutVerastem.

Who are some of Verastem's key competitors?

What other stocks do shareholders of Verastem own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Verastem investors own include TherapeuticsMD (TXMD), Micron Technology (MU), Novavax (NVAX), Gilead Sciences (GILD), Inovio Pharmaceuticals (INO), Viking Therapeutics (VKTX), Amarin (AMRN), Exelixis (EXEL), Synergy Pharmaceuticals (SGYP) and TG Therapeutics (TGTX).

Who are Verastem's key executives?

Verastem's management team includes the following people:
  • Mr. Robert Forrester, Pres, CEO & Director (Age 55)
  • Mr. Robert E. Gagnon, Chief Financial Officer (Age 45)
  • Mr. Joseph M. Lobacki, Exec. VP & Chief Commercial Officer (Age 61)
  • Mr. Richard H. Aldrich M.B.A., Mba, Founder and Consultant (Age 65)
  • Dr. Robert A. Weinberg, Co-Founder and Chair of Scientific Advisory Board

What is Verastem's stock symbol?

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

Who are Verastem's major shareholders?

Verastem's stock is owned by a number of institutional and retail investors. Top institutional shareholders include RA Capital Management L.P. (11.45%), Vivo Capital LLC (5.01%), Ikarian Capital LLC (3.23%), VR Adviser LLC (2.29%), BlackRock Inc. (1.05%) and Ghost Tree Capital LLC (0.92%). Company insiders that own Verastem stock include Dan Paterson, Joseph M Lobacki, Michael Kauffman, Ra Capital Management, LP, Robert Forrester, Steven H Bloom and Timothy J Barberich. View institutional ownership trends for Verastem.

Which institutional investors are selling Verastem stock?

VSTM stock was sold by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, BlackRock Inc., Morgan Stanley, Samalin Investment Counsel LLC, UBS Group AG, Howland Capital Management LLC, Howland Capital Management LLC, and Raymond James & Associates. View insider buying and selling activity for Verastem.

Which institutional investors are buying Verastem stock?

VSTM stock was bought by a variety of institutional investors in the last quarter, including RA Capital Management L.P., Vivo Capital LLC, Ikarian Capital LLC, VR Adviser LLC, Ghost Tree Capital LLC, EAM Investors LLC, Matisse Capital, and Telemetry Investments L.L.C.. 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Verastem's stock price today?

One share of VSTM stock can currently be purchased for approximately $1.88.

How big of a company is Verastem?

Verastem has a market capitalization of $305.56 million and generates $17.46 million in revenue each year. The biopharmaceutical company earns $-149,210,000.00 in net income (profit) each year or ($2.00) on an earnings per share basis. Verastem employs 169 workers across the globe.

What is Verastem's official website?

The official website for Verastem is 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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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