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)
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $5.7M; 0 not under a Rule 10b5-1 plan ($0K); 6 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.07 on a 1–5 scale) (15 analysts), mean target USD 74.2 (range 34–100).
- Total return with dividends: 1Y +5.4% vs S&P 500 +13.6%; 5Y +59.9% vs S&P 500 +79.8%.
- Next earnings: 2026-11-05, EPS estimate USD -1.61, revenue estimate $3.7M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VERA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Fordyce Marshall | PRESIDENT AND CEO | 18,500 | $685K | 7.3% | Yes (adopted January 9, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-02 | Fordyce Marshall | PRESIDENT AND CEO | 18,500 | $650K | 7.3% | Yes (adopted January 9, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-07-07 | Fordyce Marshall | PRESIDENT AND CEO | 46,250 | $2.0M | 11% | Yes (adopted January 9, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-23 | Fordyce Marshall | PRESIDENT AND CEO | 18,500 | $702K | 4.2% | Yes (adopted January 9, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-12 | Fordyce Marshall | PRESIDENT AND CEO | 18,500 | $680K | 4% | Yes (adopted January 9, 2026) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-14 | Fordyce Marshall | PRESIDENT AND CEO | 22,951 | $1.0M | 4.8% | 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Leerink Partners | Initiated | Market Perform | $34 |
| 2026-09-08 | JP Morgan | Target raised | Overweight | $76 → $83 |
| 2026-08-17 | Wedbush | Reiterated | Neutral | $34 |
| 2026-08-12 | HC Wainwright & Co. | Target lowered | Buy | $125 → $90 |
| 2026-08-11 | Wedbush | Target lowered | Neutral | $43 → $34 |
| 2026-07-08 | TD Cowen | Target raised | Buy | $73 → $78 |
| 2026-07-08 | Guggenheim | Target raised | Buy | $56 → $76 |
| 2026-07-08 | Wedbush | Target raised | Neutral | $35 → $43 |
| 2026-07-08 | HC Wainwright & Co. | Target raised | Buy | $110 → $125 |
| 2026-07-07 | B of A Securities | Target raised | Buy | $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 filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 10, 2026 | Quarter ended Jun 30, 2026 | −$1.52 | −$1.59 | Beat +4.4% | -7.9% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | −$1.69 | −$1.37 | Miss −23.4% | -1.1% |
| Feb 26, 2026 | Quarter ended Dec 31, 2025 | −$1.39 | −$1.27 | Miss −9.4% | -2.1% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | −$1.26 | −$1.13 | Miss −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)
| Filed | Form | What it says |
|---|---|---|
| Sep 15, 2026 | 8-K | Regulation 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, 2026 | Schedule 13G/A | Kynam Capital Management, LP, Kynam Capital Management GP, LLC: 4.0% of shares, passive 5%+ holder (amended) |
| Aug 10, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 10, 2026 | 8-K | Quarterly results |
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION: 5.8% of shares, passive 5%+ holder |
| Jul 30, 2026 | Schedule 13G/A | BlackRock, Inc.: 7.4% of shares, passive 5%+ holder (amended) |
| Jul 9, 2026 | 8-K | Director 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, 2026 | 8-K | Other 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)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Merck (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…” |
| Partner | Novartis 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.” |
| Partner | Pfizer (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…” |
| Partner | Ares 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)
- “Food and Drug Administration (FDA) in adult patients with primary IgA nephropathy (IgAN) at risk for disease progression. • Alignment with FDA on earlier ORIGIN 3 final efficacy analysis to support potential full approval for TRUTAKNA in adults with IgAN; results expected in Q3 2026. • Anticipated supplemental Biologics License Application (sBLA) submission to the FDA – expected in Q4 2026.”
Quoted word-for-word from the SEC 8-K results press release.
VERA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-1.61 | $-1.54 | −$0.06 | $3.7M | 9 |
| Next quarter (ends Dec 2026) | $-1.54 | $-1.41 | −$0.13 | $17.4M | 9 |
| Current fiscal year (ends Dec 2026) | $-6.25 | $-6.21 | −$0.05 | $24.8M | 10 |
| Next fiscal year (ends Dec 2027) | $-4.25 | $-3.86 | −$0.39 | $233.8M | 10 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 23 | 74.2% | ±15.1% |
| Dec 18, 2026 | 51 | 66.0% | ±19.7% |
| Jan 15, 2027 | 79 | 53.9% | ±20.0% |
| Mar 19, 2027 | 142 | 71.1% | ±34.8% |
| Jun 17, 2027 | 232 | 69.2% | ±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)
| Price | USD 30.94 |
|---|---|
| Change | ▲ 3.17% (up) |
| Previous Close | USD 29.99 |
| Open | USD 29.77 |
| Day Range | USD 29.77 – 31.13 |
| 52-Week Range | USD 23.05 – 56.05 |
| Volume | 1,277,484 shares |
| Market Cap | $2.23B |
| Exchange | NGM |
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 Signal | SELL |
|---|---|
| RSI (14) | 51.46 (neutral) |
| vs SMA50 | Below (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 Rating | Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 74.2 |
| High Target | USD 100 |
| Low Target | USD 34 |
| Buy / Hold / Sell | 13 / 2 / 0 |
Earnings (VERA)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -1.61 |
| Revenue Estimate | $3.74M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.52 vs est -1.59 ▲ beat |
| 2026-03-31 | USD -1.69 vs est -1.37 ▼ miss |
| 2025-12-31 | USD -1.39 vs est -1.27 ▼ miss |
| 2025-09-30 | USD -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 / Equity | 0.19 |
| Current Ratio | 10.92 |
| 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.
| Growth | Mixed — No data |
|---|---|
| Profitability | Weak — Pre-revenue or very early stage |
| Balance Sheet | Strong — $499M cash and investments vs $75M debt (Jun 2026, SEC), net cash |
| Cash Flow | Weak — Operating cash flow -$241M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -99%, ROA -75.4% (last 4 quarters, SEC) |
Ownership (VERA)
| Insider Ownership | +1.01% |
|---|---|
| Institutional Ownership | +118.02% |
| Shares Outstanding | 72.06M |
| Float | 52.39M |
| 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 & Director | Marshall W. Fordyce |
|---|---|
| Chief Financial Officer | Sean P. Grant |
| Vice President of Corporate Communications | Debra Charlesworth |
| Vice President of Marketing | Emma Haywood |
| Executive Vice President of Development Operations | Tom 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
| Investor | Stake |
|---|---|
| Avoro Capital Advisors LLC | 7.94% |
| Price (T.Rowe) Associates Inc | 5.57% |
| Deep Track Capital, Lp | 5.55% |
| Deerfield Management Company, L.P | 5.43% |
| Kynam Capital Management, LP | 4.01% |
| Morgan Stanley | 3.88% |
| Sofinnova Investments, Inc. | 3.88% |
| FMR, LLC | 3.85% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.98% |
| State Street | 5.76% |
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)
- We believe our expertise and track record will enable us to identify and acquire or in-license additional product candidates that represent opportunities to expand the potential value of our pipeline.
Legal & Regulatory Risks (Item 1A, quoted)
- Our business entails a significant risk of product liability and product liability claims could significantly harm our business, financial condition, results of operations and prospects.
- We may seek but fail to obtain orphan drug designations from the FDA or other regulatory authorities for our product candidates, and even where we have obtained such designations, we may be unable to receive or maintain the benefits associated with orphan drug designation, including the potential for market exclusivity.
- The terms of future potential marketing approvals for our product candidates and ongoing regulation regarding promotional activities and post-market obligations may limit how we manufacture and market products that are approved, and compliance with such requirements may involve substantial resources, which could materially impair our ability to generate revenue.
- Our commercial success depends significantly on our ability to operate without infringing, misappropriating or otherwise violating the patents and other proprietary rights of third parties. Claims by third parties that we infringe, misappropriate or otherwise violate their proprietary rights may result in liability for damages or prevent or delay our developmental and commercialization efforts.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ORKA | Oruka Therapeutics, Inc. | USD 95.97 | ▲ 0.17% |
| RYTM | Rhythm Pharmaceuticals, Inc. | USD 91.97 | ▼ 0.23% |
| IOVA | Iovance Biotherapeutics, Inc. | USD 14.81 | ▲ 1.58% |
| IONS | Ionis Pharmaceuticals, Inc. | USD 44.9 | ▲ 2.14% |
| AXSM | Axsome Therapeutics, Inc. | USD 143.51 | ▲ 0.92% |
| PRAX | Praxis Precision Medicines, Inc | USD 285.48 | ▲ 6.69% |
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