Economy

Cowen and Company Lowers Versartis, Inc. (VSAR) to Market Perform

Cowen and Company Lowers Versartis, Inc. (VSAR) to Market Perform”

Therefore 89% are positive. The stock's market capitalization is 768.48M, it has a 52-week low of 9.05 and a 52-week high of 24.00.

The company is now down from yesterday's close of 21.6.

Versartis, Inc. had its "outperform" rating reiterated by analysts at Cowen.

Piper Jaffray has downgraded Versartis (NASDAQ:VSAR) from Overweight to Neutral in a report released on Friday September 22, 2017. On Friday, May 26 the stock rating was maintained by Canaccord Genuity with "Buy".

Versartis shares reacted to the news, crashing over 80% to $3.45 in pre-market trading. The firm has "Outperform" rating by Credit Suisse given on Tuesday, December 20. The stock of Genesco Inc. LLC now owns 319,854 shares of the biopharmaceutical company's stock worth $5,582,000 after purchasing an additional 66,977 shares during the last quarter. Qep Res Inc now has $2.01 billion valuation. 241,595 shares of the stock traded hands. It has underperformed by 51.27% the S&P500. QEP Resources had 42 analyst reports since August 7, 2015 according to SRatingsIntel.

12/21/2015 - Citigroup began new coverage on Versartis, Inc. giving the company a "buy" rating. "While it remains to be seen if size will ultimately play a role in the upcoming phase III readouts", J.P. Morgan analyst Jessica Fye said at the time, "we believe that size is one key point of potential differentiation" among the candidates. Imperial Capital has "Outperform" rating and $27 target. The brokerage set an "overweight" rating on the biopharmaceutical company's stock. The stock of Versartis Inc (NASDAQ:VSAR) has "Buy" rating given on Friday, September 8 by Piper Jaffray. The company was downgraded on Tuesday, July 18 by Deutsche Bank. Its up 0.25, from 1.05 in 2017Q1. 32 funds opened positions while 111 raised stakes. Alps Advisors owns 31,780 shares. Blackrock Advsrs reported 15,820 shares. Engineers Gate Manager Lp reported 174,847 shares. Following the completion of the transaction, the insider now directly owns 59,500 shares of the company's stock, valued at $1,261,400.

Versartis had $143 million in cash and equivalents as of June 30, a sum the company estimates will be enough to sustain operations for at least 12 months. Fmr Ltd Liability Company reported 0.01% stake. California Pub Employees Retirement invested 0.01% of its portfolio in QEP Resources Inc (NYSE:QEP). Weaver C Barksdale And Inc invested in 0.01% or 895 shares. Bessemer Group Inc Inc holds 0% or 217 shares in its portfolio.

Before trading, trader, investor or shareholder must have an eye on stock's historical performance. Analysts forecast that Versartis Inc will post ($3.54) earnings per share for the current year.

About 24.58 million shares traded or 3988.18% up from the average.

More news for Versartis Inc (NASDAQ:VSAR) were recently published by: Seekingalpha.com, which released: "Versartis: Expect Growth Ahead" on September 18, 2017. Its up 0.17, from 2.1 in 2016Q3. The stock grabbed 19 new institutional investments totaling 797,709 shares while 23 institutional investors sold out their entire positions totaling 684,945 shares. Driehaus Capital Mngmt Limited Liability invested in 0.14% or 211,079 shares.

Current levels places Versartis, Inc. National Bank & Trust Of America De holds 0% or 6,481 shares. 27,583 were accumulated by Woodstock. Moreover, Goldman Sachs has 0% invested in Versartis Inc (NASDAQ:VSAR) for 103,044 shares. 319,854 were reported by Lord Abbett And Llc. We have $2.64 PT which if reached, will make NASDAQ:VSAR worth $3.81 million less. Dimensional Fund Advisors Ltd Partnership stated it has 0% in Versartis Inc (NASDAQ:VSAR).

What Historical Figures Say About Versartis, Inc. (NASDAQ:VSAR), with 4 analysts believing it is a strong buy. Schwab Charles Investment Mgmt owns 109,409 shares or 0% of their United States portfolio.



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