Shares of Verrica Pharmaceuticals Inc (NASDAQ:VRCA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price objective of $27.00 for the company and are expecting that the company will post ($0.34) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Verrica Pharmaceuticals an industry rank of 94 out of 256 based on the ratings given to related companies.
VRCA has been the topic of a number of recent research reports. HC Wainwright raised their price objective on shares of Verrica Pharmaceuticals from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Zacks Investment Research lowered shares of Verrica Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Saturday, May 11th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS lifted its position in shares of Verrica Pharmaceuticals by 7.9% during the second quarter. Kornitzer Capital Management Inc. KS now owns 482,898 shares of the company’s stock valued at $5,611,000 after purchasing an additional 35,557 shares in the last quarter. BlackRock Inc. increased its holdings in Verrica Pharmaceuticals by 4.9% during the fourth quarter. BlackRock Inc. now owns 267,665 shares of the company’s stock worth $2,182,000 after buying an additional 12,537 shares during the last quarter. Asymmetry Capital Management L.P. increased its holdings in Verrica Pharmaceuticals by 12.0% during the first quarter. Asymmetry Capital Management L.P. now owns 70,458 shares of the company’s stock worth $762,000 after buying an additional 7,576 shares during the last quarter. Northern Trust Corp increased its holdings in Verrica Pharmaceuticals by 7.5% during the fourth quarter. Northern Trust Corp now owns 67,028 shares of the company’s stock worth $546,000 after buying an additional 4,689 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Verrica Pharmaceuticals by 31.7% during the fourth quarter. Geode Capital Management LLC now owns 36,906 shares of the company’s stock worth $300,000 after buying an additional 8,885 shares during the last quarter. 34.31% of the stock is currently owned by institutional investors.
VRCA opened at $10.54 on Monday. The company has a 50 day simple moving average of $10.67. Verrica Pharmaceuticals has a 12 month low of $6.44 and a 12 month high of $18.58.
Verrica Pharmaceuticals (NASDAQ:VRCA) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.02). Sell-side analysts anticipate that Verrica Pharmaceuticals will post -1.25 earnings per share for the current fiscal year.
Verrica Pharmaceuticals Company Profile
Verrica Pharmaceuticals Inc, a clinical stage medical dermatology company, develops and commercializes dermatological treatments in the United States. The company's lead product candidate include VP-102 that is in phase III clinical trial for the treatment of molluscum contagiosum; in phase II clinical trial for the treatment of common warts; and completed phase I clinical trial for the treatment of Genital warts.
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