Vericel (VCEL) Cut to Sell at ValuEngine

ValuEngine downgraded shares of Vericel (NASDAQ:VCEL) from a hold rating to a sell rating in a report issued on Friday.

A number of other brokerages have also recently issued reports on VCEL. BTIG Research reiterated a buy rating and set a $6.00 target price on shares of Vericel in a report on Thursday, September 7th. Piper Jaffray Companies reiterated a buy rating and set a $7.00 target price on shares of Vericel in a report on Thursday, August 10th.

Shares of Vericel (VCEL) opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.50 and a quick ratio of 2.22. Vericel has a fifty-two week low of $2.25 and a fifty-two week high of $6.30.

Vericel (NASDAQ:VCEL) last posted its quarterly earnings results on Tuesday, November 7th. The biotechnology company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.01. The company had revenue of $14.26 million during the quarter. Vericel had a negative return on equity of 265.45% and a negative net margin of 45.11%. equities research analysts anticipate that Vericel will post -0.6 EPS for the current fiscal year.

Several large investors have recently modified their holdings of VCEL. Bank of New York Mellon Corp grew its holdings in shares of Vericel by 13.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 37,202 shares of the biotechnology company’s stock worth $123,000 after purchasing an additional 4,523 shares during the period. First Washington CORP purchased a new stake in shares of Vericel during the 2nd quarter worth about $2,230,000. Vanguard Group Inc. grew its holdings in shares of Vericel by 7.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,212,799 shares of the biotechnology company’s stock worth $4,002,000 after purchasing an additional 88,645 shares during the period. Archon Capital Management LLC purchased a new stake in shares of Vericel during the 2nd quarter worth about $4,412,000. Finally, Perkins Capital Management Inc. grew its holdings in shares of Vericel by 118.4% during the 3rd quarter. Perkins Capital Management Inc. now owns 562,600 shares of the biotechnology company’s stock worth $3,376,000 after purchasing an additional 305,000 shares during the period. Institutional investors and hedge funds own 33.17% of the company’s stock.

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About Vericel

Vericel Corporation, formerly Aastrom Biosciences, Inc, is a commercial-stage biopharmaceutical company dedicated to the identification, development and commercialization of therapies that enable the body to repair and regenerate damaged tissues and organs to restore normal structure and function. The Company operates through the research, product development, manufacture and distribution of patient-specific, expanded cellular therapies for use in the treatment of specific diseases segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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