Vericel (NASDAQ:VCEL) Announces Earnings Results

Vericel (NASDAQ:VCEL) released its earnings results on Monday, March 5th. The biotechnology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.13, Morningstar.com reports. Vericel had a negative net margin of 27.04% and a negative return on equity of 98.77%. The company had revenue of $23.35 million for the quarter.

Shares of NASDAQ:VCEL opened at $9.95 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.86 and a quick ratio of 3.57. The company has a market capitalization of $353.46, a price-to-earnings ratio of -18.77 and a beta of 3.15. Vericel has a 12-month low of $2.35 and a 12-month high of $12.80.

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Hedge funds have recently made changes to their positions in the company. Kopp Investment Advisors LLC raised its stake in Vericel by 246.0% in the 4th quarter. Kopp Investment Advisors LLC now owns 293,070 shares of the biotechnology company’s stock valued at $1,597,000 after purchasing an additional 208,368 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Vericel in the 4th quarter valued at $105,000. Consonance Capital Management LP grew its holdings in Vericel by 11.8% in the 4th quarter. Consonance Capital Management LP now owns 3,381,303 shares of the biotechnology company’s stock valued at $18,428,000 after buying an additional 356,969 shares in the last quarter. RTW Investments LP purchased a new stake in Vericel in the 4th quarter valued at $7,111,000. Finally, Broadfin Capital LLC purchased a new stake in Vericel in the 4th quarter valued at $472,000. 37.22% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on VCEL. Piper Jaffray lifted their price objective on shares of Vericel to $14.00 and gave the stock an “overweight” rating in a research note on Monday, March 5th. BTIG Research reiterated a “buy” rating and set a $13.00 target price (up from $8.00) on shares of Vericel in a research report on Monday, March 5th. ValuEngine downgraded Vericel from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Ladenburg Thalmann Financial Services downgraded Vericel from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. Finally, Needham & Company LLC boosted their target price on shares of Vericel from $5.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $14.00.

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Vericel Company Profile

Vericel Corporation, a commercial-stage biopharmaceutical company, researches, develops, manufactures, markets, and sells patient-specific expanded cellular therapies for use in the treatment of patients with severe diseases and conditions. It markets three autologous cell therapy products, including Carticel and MACI, which are used for the treatment of cartilage defects in the knee; and Epicel, a permanent skin replacement that is used for the treatment of patients with deep-dermal or full-thickness burns comprising greater than or equal to 30 percent of total body surface area in the United States.

Earnings History for Vericel (NASDAQ:VCEL)

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