Vera Therapeutics Sees Unusually High Options Volume (NASDAQ:VERA)

by · The Cerbat Gem

Vera Therapeutics, Inc. (NASDAQ:VERAGet Free Report) saw some unusual options trading on Wednesday. Investors acquired 7,008 call options on the company. This represents an increase of approximately 1,626% compared to the typical daily volume of 406 call options.

Insiders Place Their Bets

In other news, SVP Joseph R. Young sold 15,000 shares of Vera Therapeutics stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $29.06, for a total value of $435,900.00. Following the completion of the sale, the senior vice president directly owned 47,839 shares of the company’s stock, valued at approximately $1,390,201.34. The trade was a 23.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Patrick G. Enright acquired 5,882 shares of the stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of $42.50 per share, with a total value of $249,985.00. Following the purchase, the director owned 5,882 shares of the company’s stock, valued at approximately $249,985. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 16.30% of the stock is owned by corporate insiders.

Institutional Trading of Vera Therapeutics

A number of large investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP raised its holdings in shares of Vera Therapeutics by 47.4% during the 3rd quarter. Hudson Bay Capital Management LP now owns 440,591 shares of the company’s stock valued at $12,804,000 after buying an additional 141,615 shares during the period. Armistice Capital LLC increased its stake in shares of Vera Therapeutics by 294.1% in the third quarter. Armistice Capital LLC now owns 536,000 shares of the company’s stock worth $15,576,000 after acquiring an additional 400,000 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Vera Therapeutics in the 3rd quarter valued at approximately $1,188,000. Qube Research & Technologies Ltd increased its position in Vera Therapeutics by 47.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 461,410 shares of the company’s stock worth $13,409,000 after buying an additional 149,468 shares during the period. Finally, Prelude Capital Management LLC lifted its position in Vera Therapeutics by 81.8% in the third quarter. Prelude Capital Management LLC now owns 46,551 shares of the company’s stock worth $1,353,000 after purchasing an additional 20,951 shares during the period. Hedge funds and other institutional investors own 99.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Vera Therapeutics in a report on Wednesday, November 26th. Evercore ISI lifted their price target on shares of Vera Therapeutics from $75.00 to $97.00 and gave the stock an “outperform” rating in a research note on Monday, December 8th. Wedbush boosted their price target on shares of Vera Therapeutics from $23.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vera Therapeutics in a report on Wednesday, October 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $90.00 target price on shares of Vera Therapeutics in a report on Friday, November 28th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vera Therapeutics presently has an average rating of “Moderate Buy” and an average price target of $74.83.

Read Our Latest Analysis on Vera Therapeutics

Vera Therapeutics Stock Performance

VERA stock traded down $0.56 during trading hours on Wednesday, reaching $50.61. The stock had a trading volume of 440,101 shares, compared to its average volume of 1,422,306. The company has a debt-to-equity ratio of 0.19, a current ratio of 12.21 and a quick ratio of 12.21. Vera Therapeutics has a fifty-two week low of $18.53 and a fifty-two week high of $56.05. The stock has a market capitalization of $3.24 billion, a PE ratio of -12.69 and a beta of 1.21. The stock has a 50-day simple moving average of $37.11 and a 200 day simple moving average of $28.72.

Vera Therapeutics (NASDAQ:VERAGet Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($1.26) earnings per share for the quarter, missing the consensus estimate of ($1.20) by ($0.06). During the same period in the prior year, the company posted ($0.85) earnings per share. Analysts predict that Vera Therapeutics will post -2.89 EPS for the current fiscal year.

Vera Therapeutics Company Profile

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Vera Therapeutics is a clinical-stage biotechnology company focused on developing novel immunotherapies that harness the body’s own regulatory T cells to treat autoimmune and inflammatory diseases. By leveraging a proprietary protein engineering platform, the company designs Treg-selective cytokine variants intended to restore immune balance and provide targeted, disease-modifying effects. Its pipeline comprises multiple preclinical and clinical candidates aimed at indications characterized by chronic inflammation and autoimmunity.

Founded in 2018 and headquartered in Cambridge, Massachusetts, Vera Therapeutics collaborates with leading academic and research institutions to advance its development programs.

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