Cerevel Therapeutics Holdings, Inc. CERE
Day range unavailable
52-week range unavailable
- Market cap
- 8.19B
- Shares out
- 182.20M
- Forward P/E
- -15.40
- Beta
- 1.41
- Analysts
- Hold
- Price target
- 43.40 (-3.5%)
- Earnings date
- Aug 7, 2024
1Y +18.63 (+70.76%)
Key statistics
- Enterprise value
- 7.83B
- PEG ratio
- 0.00
- Price / sales
- 0.00
- Price / book
- 14.49
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 0.00%
- Free cash flow
- -212.07M
- Total cash
- 846.29M
- Total debt
- 482.30M
- Return on equity
- -92.45%
- Short % of float
- 6.88%
- 50-day average
- 41.63
- 200-day average
- 39.55
Analyst view
Consensus: hold
- Target (low)
- 31.00
- Target (mean)
- 43.40
- Target (high)
- 45.00
- Strong buy0
- Buy0
- Hold9
- Sell0
- Strong sell0
Next earnings
Aug 7, 2024
Expected Aug 7, 2024. Consensus EPS estimate -0.80.
Financials — quick view
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Aug 7, 2024 | Jun 1, 2024 | -0.58 | — | — | — |
| May 8, 2024 | Mar 1, 2024 | -0.61 | — | — | — |
| Feb 27, 2024 | Dec 1, 2023 | 0.00 | — | — | — |
| Nov 1, 2023 | Sep 1, 2023 | -0.63 | — | — | — |
| Aug 2, 2023 | Jun 1, 2023 | -0.65 | — | — | — |
| May 3, 2023 | Mar 1, 2023 | -0.67 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 27, 2023 | Piper Sandler | init | — | Overweight |
| Aug 6, 2023 | Mizuho | main | Neutral | Neutral |
| Aug 2, 2023 | Morgan Stanley | main | Overweight | Overweight |
| Aug 2, 2023 | B of A Securities | down | Buy | Neutral |
| Aug 2, 2023 | HC Wainwright & Co. | main | Buy | Buy |
| May 22, 2023 | Goldman Sachs | main | Neutral | Neutral |
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
News
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| COLES NEAVELLE ANTHONY | Director | Sale | Jun 30, 2024 | 25,928 |
| DEKKERS MARIJN E | Director | Stock Award(Grant) | Jun 4, 2024 | 444,609 |
| GIORDANO DOUGLAS E | Director | Stock Award(Grant) | Jun 4, 2024 | 13,743 |
| GORDON CHRISTOPHER R | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Jun 4, 2024 | 65,693,500 |
| KOPPEL ADAM M | Director and Beneficial Owner of more than 10% of a Class of Security | Stock Award(Grant) | Jun 4, 2024 | 65,693,500 |
| MCKERNAN RUTH | Director | Stock Award(Grant) | Jun 4, 2024 | 13,743 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Bain Capital Investors, LLC | 38.23% | 60,199,729 | 1.91B | Jun 29, 2023 |
| FMR, LLC | 14.92% | 23,493,789 | 746.87M | Jun 29, 2023 |
| Perceptive Advisors Llc | 6.41% | 10,088,385 | 320.71M | Jun 29, 2023 |
| Vanguard Group Inc | 3.60% | 5,662,550 | 180.01M | Jun 29, 2023 |
| Price (T.Rowe) Associates Inc | 3.32% | 5,224,800 | 166.10M | Jun 29, 2023 |
| Blackrock Inc. | 3.07% | 4,832,707 | 153.63M | Jun 29, 2023 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Fidelity Growth Company Fund | 3.66% | 5,768,842 | 136.72M | Aug 30, 2023 |
| Price (T.Rowe) Health Sciences Fund | 1.22% | 1,929,050 | 61.32M | Jun 29, 2023 |
| Fidelity Growth Company K6 Fund | 1.16% | 1,829,327 | 59.64M | May 30, 2023 |
| Vanguard Total Stock Market Index Fund | 1.14% | 1,797,051 | 57.13M | Jun 29, 2023 |
| Price (T.Rowe) New Horizons Fund | 1.11% | 1,747,006 | 55.54M | Jun 29, 2023 |
| Fidelity Series Growth Company Fund | 1.08% | 1,695,459 | 40.18M | Aug 30, 2023 |
