Shares of Verastem, Inc. (NASDAQ:VSTM – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.83.
VSTM has been the subject of several analyst reports. Weiss Ratings upgraded Verastem from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Guggenheim set a $12.00 price target on Verastem and gave the stock a “buy” rating in a report on Friday, August 7th. Wolfe Research started coverage on shares of Verastem in a research report on Thursday, September 17th. They set an “outperform” rating for the company. HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of Verastem in a research note on Friday, September 11th. Finally, Royal Bank Of Canada set a $14.00 target price on shares of Verastem and gave the company an “outperform” rating in a report on Tuesday, July 7th.
Institutional Inflows and Outflows
Verastem Price Performance
VSTM stock opened at $7.74 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.25 and a quick ratio of 2.22. The stock has a market capitalization of $700.93 million, a P/E ratio of -2.91 and a beta of 0.32. The business has a 50-day moving average of $7.02 and a 200-day moving average of $5.69. Verastem has a fifty-two week low of $3.43 and a fifty-two week high of $10.82.
Verastem (NASDAQ:VSTM – Get Free Report) last announced its earnings results on Thursday, August 6th. The biopharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.08. Verastem had a negative return on equity of 467.49% and a negative net margin of 231.59%.The business had revenue of $40.08 million for the quarter, compared to analyst estimates of $22.88 million. On average, sell-side analysts anticipate that Verastem will post -1.56 earnings per share for the current fiscal year.
About Verastem
Verastem Oncology is a biopharmaceutical company focused on developing and commercializing targeted therapies for cancers driven by abnormalities in the RAS/MAPK signaling pathway. The company’s research is aimed at addressing cancers with limited treatment options, including ovarian cancer and other solid tumors.
Verastem’s principal products include avutometinib, a RAF/MEK pathway inhibitor, and defactinib, a focal adhesion kinase (FAK) inhibitor. The company has studied these therapies both individually and in combination, with the goal of improving cancer-cell response and overcoming treatment resistance.
Further Reading
- Five stocks we like better than Verastem
- Data Centers Got the AI Hype—But Office REITs May Get the Rent Hikes
- 2 Cybersecurity Stocks Breaking Out as AI Continues to Be a Tailwind
- 3 More AI Infrastructure Plays Beyond the Big Names
- CAVA Stock Slips: Sector Fear or Valuation Reality?
Receive News & Ratings for Verastem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verastem and related companies with MarketBeat.com's FREE daily email newsletter.
