Versartis, Inc. (NASDAQ:VSAR) Posts Earnings Results, Misses Expectations By $0.78 EPS

Versartis, Inc. (NASDAQ:VSAR) issued its quarterly earnings results on Thursday, October 26th. The biopharmaceutical company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.78), Briefing.com reports. During the same quarter last year, the business earned ($0.92) earnings per share.

Versartis (NASDAQ VSAR) opened at $1.77 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.39 and a current ratio of 2.39. Versartis has a fifty-two week low of $1.60 and a fifty-two week high of $24.00.

VSAR has been the topic of several research reports. BidaskClub lowered Versartis from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Cantor Fitzgerald set a $34.00 target price on Versartis and gave the company a “buy” rating in a research note on Thursday, July 27th. Canaccord Genuity set a $28.00 target price on Versartis and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Versartis from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered Versartis from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.22.

In other Versartis news, major shareholder Life Sciences Maste Perceptive sold 2,130,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $3.29, for a total value of $7,007,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 2,132,769 shares of company stock valued at $7,014,761. Corporate insiders own 10.90% of the company’s stock.

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About Versartis

Versartis, Inc is an endocrine-focused biopharmaceutical company. The Company is engaged in developing a long-acting form of recombinant human growth hormone, somavaratan (VRS-317), for growth hormone deficiency (GHD), an orphan disease. The Company’s first indication for somavaratan is pediatric GHD.

Earnings History for Versartis (NASDAQ:VSAR)

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