Corcept Therapeutics Incorporated (NASDAQ:CORT) hit a new 52-week high during trading on Wednesday . The company traded as high as $20.85 and last traded at $19.94, with a volume of 2987400 shares changing hands. The stock had previously closed at $18.80.

A number of equities research analysts have commented on CORT shares. Piper Jaffray Companies set a $30.00 price objective on shares of Corcept Therapeutics and gave the company a “buy” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Corcept Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Corcept Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $21.00.

The company has a market capitalization of $2,370.00, a PE ratio of 71.76 and a beta of 1.89.

Corcept Therapeutics (NASDAQ:CORT) last posted its earnings results on Thursday, November 2nd. The biotechnology company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $42.70 million during the quarter, compared to analysts’ expectations of $41.64 million. Corcept Therapeutics had a net margin of 27.28% and a return on equity of 58.17%. The company’s quarterly revenue was up 96.8% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. equities research analysts anticipate that Corcept Therapeutics Incorporated will post 0.47 earnings per share for the current fiscal year.

In related news, insider Robert S. Fishman sold 8,000 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $18.67, for a total transaction of $149,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Leonard Baker, Jr. sold 30,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $17.59, for a total transaction of $527,700.00. The disclosure for this sale can be found here. Insiders sold a total of 46,000 shares of company stock worth $810,820 over the last ninety days. Insiders own 19.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. California Public Employees Retirement System boosted its stake in Corcept Therapeutics by 3.6% during the 2nd quarter. California Public Employees Retirement System now owns 148,200 shares of the biotechnology company’s stock worth $1,749,000 after purchasing an additional 5,200 shares during the period. Rhumbline Advisers boosted its stake in Corcept Therapeutics by 21.5% during the 2nd quarter. Rhumbline Advisers now owns 87,672 shares of the biotechnology company’s stock worth $1,035,000 after purchasing an additional 15,494 shares during the period. Prudential Financial Inc. boosted its stake in Corcept Therapeutics by 3,409.5% during the 2nd quarter. Prudential Financial Inc. now owns 633,223 shares of the biotechnology company’s stock worth $7,472,000 after purchasing an additional 615,180 shares during the period. Shaker Investments LLC OH acquired a new stake in Corcept Therapeutics during the 3rd quarter worth $2,202,000. Finally, Voya Investment Management LLC boosted its stake in Corcept Therapeutics by 46.2% during the 2nd quarter. Voya Investment Management LLC now owns 41,598 shares of the biotechnology company’s stock worth $491,000 after purchasing an additional 13,145 shares during the period. Hedge funds and other institutional investors own 64.64% of the company’s stock.

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About Corcept Therapeutics

Corcept Therapeutics Incorporated is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. The Company is developing mifepristone, a compound that modulates the effects of cortisol by acting as a competitive antagonist at the glucocorticoid receptor (GR).

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