Versartis Inc. (VSAR) Shares Down 3.3%
Versartis Inc. (NASDAQ:VSAR) shares traded down 3.3% on Thursday . The company traded as low as $9.85 and last traded at $9.98, with a volume of 58,640 shares trading hands. The stock had previously closed at $10.32.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Versartis from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Canaccord Genuity reaffirmed a “buy” rating on shares of Versartis in a research note on Tuesday, May 10th. Morgan Stanley reaffirmed a “hold” rating on shares of Versartis in a research note on Saturday, April 30th. Finally, Northland Securities assumed coverage on shares of Versartis in a research note on Thursday, April 7th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.20.
The company’s 50 day moving average price is $10.25 and its 200-day moving average price is $9.38. The firm’s market capitalization is $295.46 million.
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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