Verastem (VSTM) Trading Down 8.1%

Shares of Verastem Inc (NASDAQ:VSTM) fell 8.1% during trading on Friday . The stock traded as low as $3.71 and last traded at $3.72. 3,150,669 shares were traded during mid-day trading, an increase of 23% from the average session volume of 2,567,059 shares. The stock had previously closed at $4.05.

Several research firms recently commented on VSTM. BidaskClub upgraded shares of Verastem from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut shares of Verastem from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. ValuEngine cut shares of Verastem from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. Roth Capital set a $14.00 price objective on shares of Verastem and gave the company a “buy” rating in a research note on Friday, November 9th. Finally, HC Wainwright set a $15.00 price objective on shares of Verastem and gave the company a “buy” rating in a research note on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $14.78.

The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.20. The company has a market cap of $301.81 million, a PE ratio of -2.11 and a beta of 3.21.



Verastem (NASDAQ:VSTM) last announced its quarterly earnings data on Thursday, November 8th. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.14. The firm had revenue of $15.51 million during the quarter. On average, research analysts anticipate that Verastem Inc will post -1.4 EPS for the current year.

Several large investors have recently bought and sold shares of VSTM. Sei Investments Co. grew its stake in shares of Verastem by 17,373.4% during the 2nd quarter. Sei Investments Co. now owns 121,440 shares of the biopharmaceutical company’s stock worth $836,000 after purchasing an additional 120,745 shares during the period. Rhumbline Advisers acquired a new position in shares of Verastem during the 2nd quarter worth $344,000. Bank of New York Mellon Corp grew its stake in shares of Verastem by 820.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 352,720 shares of the biopharmaceutical company’s stock worth $2,426,000 after purchasing an additional 314,401 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of Verastem during the 2nd quarter worth $787,000. Finally, BlackRock Inc. grew its stake in shares of Verastem by 240.6% during the 2nd quarter. BlackRock Inc. now owns 3,542,912 shares of the biopharmaceutical company’s stock worth $24,376,000 after purchasing an additional 2,502,853 shares during the period. 48.83% of the stock is currently owned by institutional investors and hedge funds.

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About Verastem (NASDAQ:VSTM)

Verastem, Inc, operating as Verastem Oncology, is 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.

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