VerastemVSTM Market cap $115M
About: Verastem Inc is late-stage development biopharmaceutical company, committed to advancing new medicines for patients battling cancer. Its pipeline is focused on novel anticancer agents that inhibit critical signaling pathways in cancer that promote cancer cell survival and tumor growth, particularly RAF/MEK inhibition and FAK inhibition.
Employees: 73
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
141% more call options, than puts
Call options by funds: $181K | Put options by funds: $75K
83% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 12
4% less funds holding
Funds holding: 70 [Q1] → 67 (-3) [Q2]
7.77% less ownership
Funds ownership: 66.89% [Q1] → 59.12% (-7.77%) [Q2]
12% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 25
78% less capital invested
Capital invested by funds: $200M [Q1] → $44.7M (-$155M) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Guggenheim Michael Schmidt 29% 1-year accuracy 2 / 7 met price target | 353%upside $13 | Buy Initiated | 30 Sept 2024 |
Truist Securities Srikripa Devarakonda 58% 1-year accuracy 11 / 19 met price target | 423%upside $15 | Buy Maintained | 13 Aug 2024 |
HC Wainwright & Co. Sean Lee 50% 1-year accuracy 2 / 4 met price target | 144%upside $7 | Buy Maintained | 12 Aug 2024 |
RBC Capital Gregory Renza 41% 1-year accuracy 12 / 29 met price target | 353%upside $13 | Outperform Maintained | 9 Aug 2024 |
B. Riley Securities Kalpit Patel 0 / 0 met price target | 144%upside $7 | Buy Maintained | 24 Jul 2024 |