Versartis (NASDAQ:VSAR) is scheduled to announce its earnings results after the market closes on Wednesday, April 25th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Versartis (NASDAQ:VSAR) last announced its earnings results on Thursday, March 1st. The biopharmaceutical company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.91) by $1.78. The business had revenue of $0.04 million during the quarter.
Shares of Versartis stock opened at $1.60 on Wednesday. The stock has a market capitalization of $58.61, a PE ratio of -0.66 and a beta of 2.08. Versartis has a 52-week low of $1.50 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 14.61 and a quick ratio of 14.62.
In related news, insider Jay Shepard sold 14,446 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $1.80, for a total transaction of $26,002.80. Following the completion of the sale, the insider now owns 602,298 shares of the company’s stock, valued at $1,084,136.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 25,745 shares of company stock valued at $46,124 in the last ninety days. 10.90% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on VSAR shares. Canaccord Genuity cut shares of Versartis from a “buy” rating to a “hold” rating and cut their price objective for the stock from $9.00 to $5.00 in a research report on Friday, March 2nd. ValuEngine raised shares of Versartis from a “strong sell” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research cut shares of Versartis from a “hold” rating to a “sell” rating in a research report on Sunday, January 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.13.
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