BlackRock Fund Advisors has recently announced that it has increased stake in Verastem Inc. (NASDAQ:VSTM) by 0.49%. After grabbing 2.84 million shares, the institutional investor is now in possession of 13846.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 1.35% having worth around $1.11 million. Moreover, Geode Capital Management LLC increased its share by 64245.0 to have a control over 1.9 million shares.
Verastem Inc. (VSTM) concluded trading on 05/25/23 at a closing price of $0.45, with 1.13 million shares of worth about $0.51 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.13% during that period and on Thursday the price saw a gain of about 1.08%. Currently the company’s common shares owned by public are about 200.68M shares, out of which, 198.97M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 23 selling transactions, insiders dumped 104,298 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Verastem Inc. Vanguard Total Stock Market ETF is currently holding 5.68 million shares of worth totaling $2.22 million. The company recently came buying 0.0 shares which brought its stake up to 2.71% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 0.97 million shares, have now control over 0.46% of the stake in the company. It holds 0.0 shares of worth $0.38 million.
However, the stock later moved at a day high price of 0.4900, or with a gain of 1.08%. Stock saw a price change of 5.36% in past 5 days and over the past one month there was a price change of 19.76%. Year-to-date (YTD), VSTM shares are showing a performance of 11.25% which decreased to -64.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.29 but also hit the highest price of $1.47 during that period. The average intraday trading volume for Verastem Inc. shares is 636.35K. The stock is currently trading 4.76% above its 20-day simple moving average (SMA20), while that difference is up 7.82% for SMA50 and it goes to -24.13% lower than SMA200.
BlackRock Fund Advisors acquired 2.84 million shares of Verastem Inc. having value of about $1.11 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 13846.0 shares in the company valued at close to $6230.7, or have control over 0.49% stake in the company. Verastem Inc. (NASDAQ: VSTM) currently have 200.68M outstanding shares and institutions hold larger chunk of about 62.10% of that. Holding of mutual funds in the company is about 33.00% while other institutional holders and individual stake holders have control over 6.20% and 25.51% of the stake respectively.
The stock has a current market capitalization of $84.98M and its 3Y-monthly beta is at 0.75. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 5.30 while making debt-to-equity ratio of 1.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VSTM, volatility over the week remained 10.67% while standing at 8.12% over the month.
Analysts are in expectations that Verastem Inc. (VSTM) stock would likely to be making an EPS of -$0.1 in the current quarter, while forecast for next quarter EPS is -$0.1 and it is -$0.32 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.60% while it is estimated to increase by 8.60% in next year. EPS is likely to shrink at an annualized rate of 1.74% for next 5-years, compared to annual growth of 26.40% made by the stock over the past 5-years.
