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VSAR

Versartis

$21.60

-0.25 (-1.14%)

17:09
09/21/17
09/21
17:09
09/21/17
17:09

Versartis down 85% after Phase 3 of somavaratan did not meet primary endpoint

In after-hours trading, shares are down 85% to $3.15.

VSAR Versartis
$21.60

-0.25 (-1.14%)

09/08/17
PIPR
09/08/17
NO CHANGE
Target $26
PIPR
Overweight
Piper says own Versartis into Phase III data later this month
Piper Jaffray analyst Edward Tenthoff recommends owning shares of Versartis into the Phase III Velocity data on somavaratan in pediatric growth hormone deficiency due by the end of September. The analyst continues to expect somavaratan to demonstrate non-inferior height velocity within the 2cm lower confidence interval to daily growth hormone at one year. Even if somavaratan produces numerically lower height velocity to daily growth hormone, this would be a win since less frequent dosing should result in higher real-world compliance and growth, Tenthoff tells investors in a research note. He reiterates an Overweight rating on Versartis with a $26 price target.
09/01/17
LEER
09/01/17
NO CHANGE
Target $28
LEER
Market Perform
Ascendis shares could move 20% on Versartis data, says Leerink
Leerink analyst Joseph Schwartz believes shares of Ascendis Pharma (ASND) could move up or down 20% on Versartis' (VSAR) somavaratan data in September. The data may have important read-through for Ascendis since it may indicate how much of the long-acting growth hormone market TransCon hGH will need to compete for. The analyst notes his base case scenario has Ascendis shares remaining flat or trading slightly down on somavaratan efficacy, which is "noninferior to daily Genotropin and safety which is acceptable." Schwartz reiterates a Market Perform rating on Ascendis with a $28 price target.
06/27/17
PIPR
06/27/17
NO CHANGE
Target $26
PIPR
Overweight
Piper a buyer of Versartis ahead of September data
Piper Jaffray analyst Edward Tenthoff says he's a buyer of Versartis shares ahead of the Phase III Velocity data on somavartan in pediatric growth hormone deficiency expected in September. The analyst is "confident" somavaratan will meet the primary endpoint of non-inferior height velocity at 12 months based on Phase II Vista data that showed consistent HV out to three years. He reiterates an Overweight rating on the shares with a $26 price target.
05/05/17
05/05/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Snap (SNAP) initiated with a Buy at Cleveland Research. 2. Versartis (VSAR) initiated with an Overweight at Cantor. 3. Alder Biopharmaceuticals (ALDR) initiated with a Sell at UBS. 4. Playa Hotels & Resorts (PLYA) initiated with a Neutral at Citi. 5. Coherus Biosciences (CHRS) initiated with an Outperform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

08:29
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General news
Stocks point to lower start to week as Walmart weighs on Dow »

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GOOD

Gladstone

$17.65

0.24 (1.38%)

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AAN

Aaron's

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Lowe's

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Aaron's

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LOW

Lowe's

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LVMUY

LVMH

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0.68 (1.11%)

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WAB

Wabtec

$77.27

2.66 (3.57%)

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Earnings
Wabtec reports Q4 adj. EPS 90c, consensus 92c »

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ATNX

Athenex

$16.66

-0.11 (-0.66%)

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General news
Fedspeak is backloaded during the week: »

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IPGP

IPG Photonics

$239.36

-19.71 (-7.61%)

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IPG Photonics analyst commentary  »

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FELE

Franklin Electric

$44.45

0.35 (0.79%)

08:22
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08:22
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08:22
Earnings
Franklin Electric reports Q4 EPS ex-items 42c, consensus 44c »

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  • 20

    Feb

SNE

Sony

$49.55

0.74 (1.52%)

08:21
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Periodicals
Sony to start ride-hailing service in Japan as Uber eyes expansion, CNBC says »

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PATK

Patrick Industries

$66.05

-2 (-2.94%)

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Patrick Industries sees Metal Moulding acquisition 'immediately accretive' »

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DKL

Delek Logistics

$31.15

-0.35 (-1.11%)

, GPP

Green Plains Partners

$18.00

0.2 (1.12%)

08:20
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Hot Stocks
Delek Logistics, Green Plains Partners announce formation of logistics JV »

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DKL

Delek Logistics

$31.15

-0.35 (-1.11%)

GPP

Green Plains Partners

$18.00

0.2 (1.12%)

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  • 27

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YUM

Yum! Brands

$78.25

-0.72 (-0.91%)

08:20
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Periodicals
Yum's KFC U.K. restaurants facing chicken shortage, shutting branches, FT says »

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IYT

iShares Transportation Average

$189.34

-0.7 (-0.37%)

08:20
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Technical Analysis
iShares Transportation Average: Pivot points »

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PRGO

Perrigo

$89.55

-0.1 (-0.11%)

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Perrigo confirms patent challenge with FDA for generic version of Finacea Foam »

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  • 27

    Feb

XLK

Technology Select Sector SPDR

$67.18

-0.1 (-0.15%)

08:19
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Technology Select Sector SPDR: Pivot points »

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GD

General Dynamics

$224.19

-1.21 (-0.54%)

, CSRA

CSRA

$40.56

0.04 (0.10%)

08:19
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Recommendations
General Dynamics, CSRA analyst commentary  »

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GD

General Dynamics

$224.19

-1.21 (-0.54%)

CSRA

CSRA

$40.56

0.04 (0.10%)

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  • 21

    Feb

EEM

MSCI Emerging Markets Index

$49.54

-0.16 (-0.32%)

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Technical Analysis
Technical Take: MSCI Emerging Markets ETF falls in early trading »

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XLE

Energy Select Sector SPDR

$68.12

-0.17 (-0.25%)

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Energy Select Sector SPDR: Pivot points »

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XLY

Consumer Discretionary Sector SPDR

$104.79

-0.51 (-0.48%)

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Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$60.48

-0.22 (-0.36%)

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Technical Analysis
S&P Select Materials SPDR: Pivot points »

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BDRBF

Bombardier

$2.96

0.024 (0.82%)

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Upgrade
Bombardier rating change  »

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XLU

Utilities SPDR

$50.12

0.44 (0.89%)

08:18
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Technical Analysis
Utilities SPDR: Pivot points »

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PLNT

Planet Fitness

$32.38

-0.05 (-0.15%)

08:18
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  • 22

    Feb

XLP

Consumer Staples Sector SPDR

$55.60

0.22 (0.40%)

08:18
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Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

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