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Cerevel Therapeutics Holdings, Inc. CERE

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Price alert · CERE

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44.96 +44.96 —

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Open
—
Prev close
0.00
Mkt cap
8.19B
Vol
0
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
—
High
—
Forward P/E
-15.40
Beta
1.41
Short ratio
2.37
Inst. own
85.12%
Dividend
0.00
Ex-div date
Earnings
Aug 7, 2024
50-d avg
41.63
200-d avg
39.55
1y target
43.40

2Y chart

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Key statistics

Market cap
8.19B
Enterprise value
7.83B
Trailing P/E
0.00
Forward P/E
-15.40
PEG ratio
0.00
Price / sales
0.00
Price / book
14.49
EPS (TTM)
-2.73
Beta
1.41
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
0.00%
Revenue (TTM)
0
Revenue growth
0.00%
Free cash flow
-212.07M
Total cash
846.29M
Total debt
482.30M
Return on equity
-92.45%
Shares outstanding
182.20M
Short % of float
6.88%
50-day average
41.63
200-day average
39.55

Analyst view

Consensus: hold

Hold
Price target (mean) 43.40 -3.5% downside
Target (low)
31.00
Target (mean)
43.40
Target (high)
45.00

Next earnings

Aug 7, 2024

Expected Aug 7, 2024. Consensus EPS estimate -0.80.

Earnings history

Financials — quick view

All financials
CERE Revenue — quarterly 0
2020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 2024
CERE Net income — quarterly -131.91M
2020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 2024
CERE EPS — quarterly -0.73
2020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 2024

Earnings

CERE recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Aug 7, 2024Jun 1, 2024-0.58———
May 8, 2024Mar 1, 2024-0.61———
Feb 27, 2024Dec 1, 20230.00———
Nov 1, 2023Sep 1, 2023-0.63———
Aug 2, 2023Jun 1, 2023-0.65———
May 3, 2023Mar 1, 2023-0.67———

Upgrades / downgrades

CERE analyst upgrades and downgrades
DateFirmActionFromTo
Sep 27, 2023Piper Sandlerinit—Overweight
Aug 6, 2023MizuhomainNeutralNeutral
Aug 2, 2023Morgan StanleymainOverweightOverweight
Aug 2, 2023B of A SecuritiesdownBuyNeutral
Aug 2, 2023HC Wainwright & Co.mainBuyBuy
May 22, 2023Goldman SachsmainNeutralNeutral

About Cerevel Therapeutics Holdings, Inc.

Cerevel Therapeutics Holdings, Inc., a clinical-stage biopharmaceutical company, develops various therapies for neuroscience diseases in the United States. It is developing Emraclidine, a positive allosteric modulator (PAM) that is in phase 1b clinical trials for the treatment of schizophrenia; and Darigabat, a PAM, which is in Phase 2 proof-of-concept trial in patients with drug-resistant focal onset seizures or focal epilepsy, as well as in phase 1 trial to treat panic symptoms model. The company's products also comprise Tavapadon, a selective dopamine D1/D5 partial agonist that is in phase 3 clinical trial for the treatment of early- and late-stage Parkinson's disease; CVL-871, a selective dopamine D1/D5 partial agonist, which is in Phase 2a clinical trial to treat dementia-related apathy; and CVL-354, a selective kappa-opioid receptor antagonist to treat major depressive disorder and substance use disorder. It is also involved in the development of an M4 agonist program for the treatment of psychosis and related indications; and PDE4 inhibitor for the treatment of psychiatric, neuroinflammatory, and other disorders. Cerevel Therapeutics Holdings, Inc. was founded in 2018 and is headquartered in Cambridge, Massachusetts. As of August 1, 2024, Cerevel Therapeutics Holdings, Inc. operates as a subsidiary of AbbVie Inc.

Sector
Healthcare
Industry
Biotechnology
Country
United States
Website
cerevel.com

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Insider holders

CERE insider holders
InsiderRelationLatest transactionDateShares held
COLES NEAVELLE ANTHONYDirectorSaleJun 30, 202425,928
DEKKERS MARIJN EDirectorStock Award(Grant)Jun 4, 2024444,609
GIORDANO DOUGLAS EDirectorStock Award(Grant)Jun 4, 202413,743
GORDON CHRISTOPHER RDirector and Beneficial Owner of more than 10% of a Class of SecurityStock Award(Grant)Jun 4, 202465,693,500
KOPPEL ADAM MDirector and Beneficial Owner of more than 10% of a Class of SecurityStock Award(Grant)Jun 4, 202465,693,500
MCKERNAN RUTHDirectorStock Award(Grant)Jun 4, 202413,743

Institution ownership

CERE institution ownership
Holder% heldSharesValueReported
Bain Capital Investors, LLC38.23%60,199,7291.91BJun 29, 2023
FMR, LLC14.92%23,493,789746.87MJun 29, 2023
Perceptive Advisors Llc6.41%10,088,385320.71MJun 29, 2023
Vanguard Group Inc3.60%5,662,550180.01MJun 29, 2023
Price (T.Rowe) Associates Inc3.32%5,224,800166.10MJun 29, 2023
Blackrock Inc.3.07%4,832,707153.63MJun 29, 2023

Fund ownership

CERE fund ownership
Holder% heldSharesValueReported
Fidelity Growth Company Fund3.66%5,768,842136.72MAug 30, 2023
Price (T.Rowe) Health Sciences Fund1.22%1,929,05061.32MJun 29, 2023
Fidelity Growth Company K6 Fund1.16%1,829,32759.64MMay 30, 2023
Vanguard Total Stock Market Index Fund1.14%1,797,05157.13MJun 29, 2023
Price (T.Rowe) New Horizons Fund1.11%1,747,00655.54MJun 29, 2023
Fidelity Series Growth Company Fund1.08%1,695,45940.18MAug 30, 2023
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