Vericel (VCEL) Receives a Hold from Needham

Needham analyst Chad Messer assigned a Hold rating to Vericel (VCELResearch Report) today. The company’s shares closed last Tuesday at $59.30.

According to, Messer is a 4-star analyst with an average return of 10.3% and a 48.2% success rate. Messer covers the Healthcare sector, focusing on stocks such as Mereo Biopharma Group Plc, Phasebio Pharmaceuticals, and Aeglea Biotherapeutics.

Currently, the analyst consensus on Vericel is a Moderate Buy with an average price target of $65.33.

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The company has a one-year high of $68.94 and a one-year low of $13.19. Currently, Vericel has an average volume of 509.1K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock. Last month, Heidi Hagen, a Director at VCEL bought 6,750 shares for a total of $34,860.

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Vericel Corp. engages in the research, product development, manufacture, and distribution of patient-specific, expanded cellular therapies for use in the treatment of patients with diseases. Its product portfolio includes MACI and Epicel. The MACI portfolio is FDA-approved product that applies the process of tissue engineering to grow cells on scaffolds using healthy cartilage tissue from the patient’s own knee. The Epicel portfolio provide skin replacement for patients who have deep dermal or full thickness burns. The company was founded on March 24, 1989 and is headquartered in Cambridge, MA.