BTIG Research set a $8.00 price objective on Vericel (NASDAQ:VCEL) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the biotechnology company’s stock.
Several other research analysts have also commented on the company. ValuEngine lowered Vericel from a hold rating to a sell rating in a research report on Friday, December 1st. Piper Jaffray Companies reaffirmed an overweight rating and set a $9.00 price target on shares of Vericel in a research report on Tuesday.
Vericel (NASDAQ VCEL) opened at $5.85 on Tuesday. The company has a market capitalization of $192.02, a P/E ratio of -6.65 and a beta of 3.02. Vericel has a 12-month low of $2.25 and a 12-month high of $6.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.50.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC purchased a new position in shares of Vericel in the 3rd quarter valued at approximately $235,000. Archon Capital Management LLC grew its stake in shares of Vericel by 95.7% in the 3rd quarter. Archon Capital Management LLC now owns 2,617,004 shares of the biotechnology company’s stock valued at $15,702,000 after purchasing an additional 1,279,925 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Vericel in the 3rd quarter valued at approximately $328,000. EAM Investors LLC purchased a new position in shares of Vericel in the 3rd quarter valued at approximately $943,000. Finally, Perkins Capital Management Inc. grew its stake in shares of Vericel by 118.4% in the 3rd quarter. Perkins Capital Management Inc. now owns 562,600 shares of the biotechnology company’s stock valued at $3,376,000 after purchasing an additional 305,000 shares during the last quarter. 33.12% of the stock is currently owned by institutional investors.
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Vericel Corporation, formerly Aastrom Biosciences, Inc, is a commercial-stage biopharmaceutical company dedicated to the identification, development and commercialization of therapies that enable the body to repair and regenerate damaged tissues and organs to restore normal structure and function. The Company operates through the research, product development, manufacture and distribution of patient-specific, expanded cellular therapies for use in the treatment of specific diseases segment.
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