Vera Therapeutics, Inc. (VERA) Stock Price & Analysis

Vera Therapeutics, Inc. (VERA) closed at USD 30.94 on Wednesday, October 28, 2026, up 3.17% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 29.99; the Oct 28, 2026 session ranged USD 29.77–31.13 on volume of 1,277,484 shares. Market capitalization is $2.23B, with a 52-week range of USD 23.05–56.05 (NGM). Source: Nexqual, retrieved October 28, 2026 at 22:10 UTC.

Also available as compact Markdown for AI agents: nexqual.com/VERA.md

Key facts (VERA)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VERA)

USDFY2021FY2022FY2023FY2024FY2025TTM
Operating income-$34.4M-$90.9M-$102M-$167M-$315M-$416M
Net income-$32.6M-$89.1M-$96.0M-$152M-$300M-$402M
EPS (diluted)-$2.43-$3.35-$2.25-$2.75-$4.66—
Free cash flow-$23.7M-$67.7M-$92.2M-$136M-$242M-$339M
Cash + short-term investments$79.7M$115M$161M$641M$715M—
Total debt$4.9M$24.8M$49.9M$50.7M$74.8M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (VERA)

P/B 5.5x · FCF yield -15.20% · Earnings yield -18.03% · Net cash $424M · EV $1.81B

Insider sales (SEC Form 4, open-market, last ~7 months) (VERA)

6 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-09-15Fordyce MarshallPRESIDENT AND CEO18,500$685K7.3%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)
2026-09-02Fordyce MarshallPRESIDENT AND CEO18,500$650K7.3%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)
2026-07-07Fordyce MarshallPRESIDENT AND CEO46,250$2.0M11%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)
2026-06-23Fordyce MarshallPRESIDENT AND CEO18,500$702K4.2%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)
2026-05-12Fordyce MarshallPRESIDENT AND CEO18,500$680K4%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)
2026-04-14Fordyce MarshallPRESIDENT AND CEO22,951$1.0M4.8%Yes (adopted January 9, 2026)Opportunistic (traded every year 2023–2025, no repeating month)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (VERA)

Consensus Buy (mean 2.07 on a 1–5 scale), 15 analysts; mean target USD 74.2 (low 34, high 100).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-12Leerink PartnersInitiatedMarket Perform$34
2026-09-08JP MorganTarget raisedOverweight$76 → $83
2026-08-17WedbushReiteratedNeutral$34
2026-08-12HC Wainwright & Co.Target loweredBuy$125 → $90
2026-08-11WedbushTarget loweredNeutral$43 → $34
2026-07-08TD CowenTarget raisedBuy$73 → $78
2026-07-08GuggenheimTarget raisedBuy$56 → $76
2026-07-08WedbushTarget raisedNeutral$35 → $43
2026-07-08HC Wainwright & Co.Target raisedBuy$110 → $125
2026-07-07B of A SecuritiesTarget raisedBuy$65 → $70

Total return (dividends reinvested) (VERA)

1Y (from 2025-10-29)5Y (from 2021-10-25)
Total return+5.4%+59.9%
S&P 500 (SPY)+13.6%+79.8%
Per year+5.4%+9.8%
Volatility (annualized)61.3%95.1%
Max drawdown-52.0% (Dec 2025→Oct 2026)-82.4% (Nov 2021→Jan 2023)

VERA earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 10, 2026Quarter ended Jun 30, 2026−$1.52−$1.59Beat +4.4%-7.9%
May 7, 2026Quarter ended Mar 31, 2026−$1.69−$1.37Miss −23.4%-1.1%
Feb 26, 2026Quarter ended Dec 31, 2025−$1.39−$1.27Miss −9.4%-2.1%
Nov 5, 2025Quarter ended Sep 30, 2025−$1.26−$1.13Miss −11.5%+3.6%
Aug 5, 2025————-5.9%
May 6, 2025————-11.4%
Feb 26, 2025————+8.5%
Nov 7, 2024————+0.3%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

VERA recent SEC filings (last 120 days)

FiledFormWhat it says
Sep 15, 20268-KRegulation FD disclosure; Other material event
“As noted in Item 7.01, on September 15, 2026, the Company announced that TRUTAKNA met all prespecified endpoints of the final efficacy analysis of the ORIGIN 3 trial in adults with primary IgAN at risk for disease progression. Topline results from the final analysis set of 428 patients are presented below. TRUTAKNA Placebo Treatment effect p-value Mean eGFR change from baseline at 52 weeks, mL/min/1.73m 2 -0.1 (95% CI -1.4, 1.2) -5.7 (95% CI -7.0, -4.4) 5.6 (95% CI 3.7, 7.5) <0.0001 Annualized eGFR slope through…”
Aug 14, 2026Schedule 13G/AKynam Capital Management, LP, Kynam Capital Management GP, LLC: 4.0% of shares, passive 5%+ holder (amended)
Aug 10, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 10, 20268-KQuarterly results
Aug 7, 2026Schedule 13GSTATE STREET CORPORATION: 5.8% of shares, passive 5%+ holder
Jul 30, 2026Schedule 13G/ABlackRock, Inc.: 7.4% of shares, passive 5%+ holder (amended)
Jul 9, 20268-KDirector or executive officer change, or pay arrangement
“On July 9, 2026, Vera Therapeutics, Inc. (the "Company") announced that William Turner will no longer serve as the Company's Chief Regulatory Officer and will transition to the role of Special Advisor for Regulatory Affairs, effective as of August 3, 2026. Nancy Bowman, M.D., Ph.D., will succeed Mr. Turner as the Company's Chief Regulatory Officer, effective as of August 3, 2026.”
Jul 7, 20268-KOther material event
“On July 7, 2026, Vera Therapeutics, Inc. issued a press release announcing that the U.S. Food and Drug Administration has granted TRUTAKNA (atacicept-vymj) accelerated approval to reduce proteinuria in adults with primary immunoglobulin A nephropathy at risk for disease progression.”

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

VERA suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
PartnerMerck (MRK)“If we breach our license agreement with Ares Trading S.A., an affiliate of Merck KGaA, Darmstadt, Germany, related to atacicept, the license agreement with Novartis International Pharmaceutical AG related to MAU868, or the license agreement with the Board of Trustees of Leland Stanford Junior University related to VT-109, we could lose the ability to continue the development and commercialization of atacicept, MAU…”
PartnerNovartis International Pharmaceutical“Finally, we have exclusive worldwide rights, pursuant to the license agreement (Novartis License) with Novartis International Pharmaceutical AG (Novartis), to the investigational drug MAU868 for BK viremia among kidney transplant recipients.”
PartnerPfizer (PFE)“In addition, we acquired worldwide, exclusive rights to atacicept pursuant to the Ares Agreement, and worldwide, exclusive rights to develop, manufacture and commercialize MAU868 pursuant to the asset purchase agreement (Amplyx Agreement) with Amplyx Pharmaceuticals, Inc. (Amplyx), a wholly owned subsidiary of Pfizer, Inc., pursuant to which we acquired Amplyx's right, title and interest in the license agreement b…”
PartnerAres Trading“Ares, Novartis, or Stanford may have the right to terminate the applicable license agreement in full in the event we materially breach or default in the performance of any of the obligations under the applicable license agreement.”

Quoted from the company's 10-K filed Feb 26, 2026.

VERA company outlook (results filed Aug 10, 2026)

Quoted word-for-word from the SEC 8-K results press release.

VERA analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-1.61$-1.54−$0.06$3.7M9
Next quarter (ends Dec 2026)$-1.54$-1.41−$0.13$17.4M9
Current fiscal year (ends Dec 2026)$-6.25$-6.21−$0.05$24.8M10
Next fiscal year (ends Dec 2027)$-4.25$-3.86−$0.39$233.8M10

VERA options: expected move

Options price a move of about ±15.1% (±$4.55) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±5.1% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262374.2%±15.1%
Dec 18, 20265166.0%±19.7%
Jan 15, 20277953.9%±20.0%
Mar 19, 202714271.1%±34.8%
Jun 17, 202723269.2%±42.4%

30-day implied volatility 67.5% vs 65.3% realized over the last 30 trading days. Put/call ratio (volume) 1.95. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 28, 2026 at 22:10 UTC)

PriceUSD 30.94
Change▲ 3.17% (up)
Previous CloseUSD 29.99
OpenUSD 29.77
Day RangeUSD 29.77 – 31.13
52-Week RangeUSD 23.05 – 56.05
Volume1,277,484 shares
Market Cap$2.23B
ExchangeNGM

Technical Analysis (VERA)

Nexqual's technical model rates VERA "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 28, 2026 at 22:10 UTC.

Overall SignalSELL
RSI (14)51.46 (neutral)
vs SMA50Below (USD 32.04)
MACD-0.68 (negative)

Analyst Ratings (VERA)

Wall Street analysts rate VERA "Buy" based on 15 analysts, with a mean price target of USD 74.2 (range USD 34–100), per Nexqual as of October 28, 2026 at 22:10 UTC.

Consensus RatingBuy
Analyst Count15
Mean TargetUSD 74.2
High TargetUSD 100
Low TargetUSD 34
Buy / Hold / Sell13 / 2 / 0

Earnings (VERA)

Next Earnings Date2026-11-05
EPS EstimateUSD -1.61
Revenue Estimate$3.74M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -1.52 vs est -1.59 ▲ beat
2026-03-31USD -1.69 vs est -1.37 ▼ miss
2025-12-31USD -1.39 vs est -1.27 ▼ miss
2025-09-30USD -1.26 vs est -1.13 ▼ miss

Source: Nexqual, October 28, 2026 at 22:10 UTC.

Financials & Fundamentals (VERA)

Gross Margin+0.00%
Operating Margin+0.00%
Profit Margin+0.00%
ROE-91.75%
Debt / Equity0.19
Current Ratio10.92
Total Cash$499.16M
Total Debt$76.91M

Source: Nexqual, October 28, 2026 at 22:10 UTC.

Financial Health Score (VERA)

Nexqual rates Vera Therapeutics, Inc.'s overall financial health "Mixed" across five dimensions, as of October 28, 2026 at 22:10 UTC.

GrowthMixed — No data
ProfitabilityWeak — Pre-revenue or very early stage
Balance SheetStrong — $499M cash and investments vs $75M debt (Jun 2026, SEC), net cash
Cash FlowWeak — Operating cash flow -$241M (FY ended Dec 2025, 10-K)
EfficiencyCritical — ROE -99%, ROA -75.4% (last 4 quarters, SEC)

Ownership (VERA)

Insider Ownership+1.01%
Institutional Ownership+118.02%
Shares Outstanding72.06M
Float52.39M
Short % of Float+21.46%

Source: Nexqual, October 28, 2026 at 22:10 UTC.

Leadership (VERA)

Vera Therapeutics, Inc. is led by Marshall W. Fordyce, Founder, President, CEO & Director, per Nexqual as of October 28, 2026 at 22:10 UTC.

Founder, President, CEO & DirectorMarshall W. Fordyce
Chief Financial OfficerSean P. Grant
Vice President of Corporate CommunicationsDebra Charlesworth
Vice President of MarketingEmma Haywood
Executive Vice President of Development OperationsTom Doan

Major Backers & Investors (VERA)

Notable institutional backers of Vera Therapeutics, Inc. include Avoro Capital Advisors LLC, Price (T.Rowe) Associates Inc, Deep Track Capital, Lp, according to Nexqual as of October 28, 2026 at 22:10 UTC.

Active Investors

InvestorStake
Avoro Capital Advisors LLC7.94%
Price (T.Rowe) Associates Inc5.57%
Deep Track Capital, Lp5.55%
Deerfield Management Company, L.P5.43%
Kynam Capital Management, LP4.01%
Morgan Stanley3.88%
Sofinnova Investments, Inc.3.88%
FMR, LLC3.85%

Index Funds (Passive)

FundStake
BlackRock7.98%
State Street5.76%

Source: Nexqual, October 28, 2026 at 22:10 UTC.

From Vera Therapeutics, Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 28, 2026 at 22:10 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt