Northern Trust Corp lifted its position in shares of Versartis, Inc. (NASDAQ:VSAR) by 15.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 420,553 shares of the biopharmaceutical company’s stock after buying an additional 56,761 shares during the quarter. Northern Trust Corp owned about 1.19% of Versartis worth $7,339,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Quadrant L P CA acquired a new stake in shares of Versartis during the second quarter worth $155,000. Bank of America Corp DE increased its position in shares of Versartis by 46.3% during the first quarter. Bank of America Corp DE now owns 9,482 shares of the biopharmaceutical company’s stock worth $203,000 after buying an additional 3,001 shares during the period. UBS Group AG acquired a new stake in shares of Versartis during the first quarter worth $367,000. American International Group Inc. increased its position in shares of Versartis by 20.7% during the first quarter. American International Group Inc. now owns 18,962 shares of the biopharmaceutical company’s stock worth $405,000 after buying an additional 3,250 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in shares of Versartis during the first quarter worth $408,000. Institutional investors own 73.99% of the company’s stock.
In other news, major shareholder Life Sciences Maste Perceptive sold 2,130,000 shares of Versartis stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $3.29, for a total transaction of $7,007,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 2,132,769 shares of company stock valued at $7,014,761 over the last quarter. Corporate insiders own 10.90% of the company’s stock.
Versartis, Inc. (NASDAQ VSAR) opened at $1.77 on Friday. Versartis, Inc. has a twelve month low of $1.60 and a twelve month high of $24.00. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.09.
Versartis (NASDAQ:VSAR) last issued its quarterly earnings data on Thursday, October 26th. The biopharmaceutical company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.78). During the same quarter in the previous year, the business posted ($0.92) EPS. sell-side analysts expect that Versartis, Inc. will post -4.14 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on VSAR shares. BidaskClub cut shares of Versartis from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Cantor Fitzgerald set a $34.00 price objective on shares of Versartis and gave the stock a “buy” rating in a research report on Thursday, July 27th. Canaccord Genuity set a $28.00 price target on shares of Versartis and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Versartis from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Versartis from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.22.
Versartis Company Profile
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.
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