Versartis Inc. (VSAR) Trading 3.7% Higher
Versartis Inc. (NASDAQ:VSAR)’s share price traded up 3.7% during mid-day trading on Thursday . The company traded as high as $11.72 and last traded at $11.35, with a volume of 79,249 shares trading hands. The stock had previously closed at $10.95.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Versartis from a “hold” rating to a “sell” rating in a research note on Wednesday, June 8th. Morgan Stanley reiterated a “hold” rating on shares of Versartis in a research note on Saturday, April 30th. Northland Securities assumed coverage on Versartis in a research note on Thursday, April 7th. They set an “outperform” rating for the company. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Versartis in a research note on Monday, April 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.20.
The firm’s market capitalization is $329.01 million. The stock’s 50-day moving average price is $10.79 and its 200 day moving average price is $9.31.
Versartis, Inc is an endocrine-focused biopharmaceutical company. The Company is engaged in developing long-acting recombinant human growth hormone (rhGH), somavaratan (VRS-317), for growth hormone deficiency (GHD), an orphan disease. The Company’s product pipeline includes VRS-317 and XTEN Technology.
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