Economy

Versartis, Inc. (VSAR) Major Shareholder Sells $7007700.00 in Stock

Valuation Ratios of Versartis, Inc. Piper Jaffray Companies reiterated a "buy" rating and set a $26.00 target price on shares of Versartis in a report on Friday, September 8th. They now have $4.00 price target on the biopharmaceutical company's stock, down from their prior price target of $26.00.

A number of other research firms also recently issued reports on VSAR. Cowen and Company downgraded Versartis from an outperform rating to a market perform rating and lowered their target price for the company from $45.00 to $3.00 in a research report on Friday, September 22nd. ValuEngine cut Versartis from a hold rating to a sell rating in a research report on Thursday, August 17th. Canaccord Genuity set a $28.00 price objective on Versartis and gave the stock a buy rating in a report on Sunday, May 28th.

Additionally on 9/22/17 Morgan Stanley "Maintained" Versartis Inc Cmn (NASDAQ:VSAR) to Equal-Weight setting price target at $3 and on 9/22/17 PiperJaffray "Downgrades" the stock to Neutral at $0. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Based on data provided from analysts, Viking Therapeutics, Inc. has a current consensus target price of 6.00.

Versartis Incorporated (NASDAQ:VSAR) had an increase of 19.83% in short interest. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Versartis has a 52 week low of $2.50 and a 52 week high of $24.00. The stock is now moving below its 20-Day Simple Moving Average of -85.24% with a 50-Day Simple Moving Average of -85.65 percent.

Versartis (NASDAQ:VSAR) last released its earnings results on Thursday, July 27th.

Among 12 analysts covering Versartis Inc (NASDAQ:VSAR), 6 have Buy rating, 1 Sell and 5 Hold. Versartis, Inc. (NASDAQ:VSAR) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The original version of this news story can be read at https://stocknewstimes.com/2017/09/28/citigroup-inc-lowers-versartis-inc-vsar-to-neutral.html. If you are reading this story on another website, it was stolen and republished in violation of U.S. and worldwide trademark and copyright laws. The stock's 52-week range is $7.44 to $10.44, and its 3-month range is $ to $. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Quadrant L P CA bought a new position in shares of Versartis during the second quarter worth about $155,000. Victory Capital Management Inc. acquired a new position in shares of Versartis during the first quarter worth $563,000. During last 3 month period, 0.36% of total institutional ownership has changed in the company shares. On Tuesday, May 16 Brumm Joshua T sold $21,976 worth of Versartis Inc (NASDAQ:VSAR) or 1,263 shares. Secor Capital Advisors, Lp bolstered its position by buying 64,630 shares an increase of 289.3% from 03/31/2017 to 06/30/2017. Of those holders, 214 had increased positions amounting to 82.36 million shares, 161 had decreased positions amounting to 68.47 million shares, and 51 holders have a held position accounting for 690.61 million shares. TIAA CREF Investment Management LLC now owns 288,960 shares of the biopharmaceutical company's stock worth $5,042,000 after acquiring an additional 111,824 shares during the period.

WARNING: "Versartis, Inc. (VSAR) Major Shareholder Sells $7,007,700.00 in Stock" was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal.



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