Sage Therapeutics, Inc. (NASDAQ:SAGE) had its price objective boosted by equities researchers at BMO Capital Markets from $80.00 to $84.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the biopharmaceutical company’s stock. BMO Capital Markets’ target price points to a potential upside of 34.70% from the stock’s current price.
SAGE has been the subject of several other reports. BidaskClub lowered shares of Sage Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co dropped their target price on shares of Sage Therapeutics from $99.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday. Chardan Capital reiterated a “hold” rating on shares of Sage Therapeutics in a research report on Wednesday. ValuEngine upgraded shares of Sage Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Cowen and Company reissued a “buy” rating and set a $100.00 price target on shares of Sage Therapeutics in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.77.
Sage Therapeutics (SAGE) opened at 62.36 on Thursday. Sage Therapeutics has a 12 month low of $38.30 and a 12 month high of $90.80. The firm has a 50-day moving average of $81.33 and a 200 day moving average of $74.82. The firm’s market capitalization is $2.33 billion.
Sage Therapeutics (NASDAQ:SAGE) last announced its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($1.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.63) by ($0.25). During the same quarter last year, the company posted ($1.08) EPS. Equities research analysts forecast that Sage Therapeutics will post ($7.38) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of SAGE. Teachers Advisors LLC increased its stake in shares of Sage Therapeutics by 15.0% in the fourth quarter. Teachers Advisors LLC now owns 49,296 shares of the biopharmaceutical company’s stock worth $2,517,000 after buying an additional 6,419 shares during the period. Bank of Montreal Can increased its stake in shares of Sage Therapeutics by 7,004.1% in the first quarter. Bank of Montreal Can now owns 12,006 shares of the biopharmaceutical company’s stock worth $853,000 after buying an additional 11,837 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Sage Therapeutics in the first quarter worth $256,000. Russell Investments Group Ltd. increased its stake in shares of Sage Therapeutics by 82.1% in the first quarter. Russell Investments Group Ltd. now owns 19,679 shares of the biopharmaceutical company’s stock worth $1,399,000 after buying an additional 8,872 shares during the period. Finally, Swiss National Bank increased its stake in shares of Sage Therapeutics by 3.2% in the first quarter. Swiss National Bank now owns 52,100 shares of the biopharmaceutical company’s stock worth $3,703,000 after buying an additional 1,600 shares during the period.
Sage Therapeutics Company Profile
SAGE Therapeutics, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in developing and commercializing medicines to treat central nervous system (CNS) disorders. The Company’s lead product candidate, SAGE-547 is an intravenous formulation of allopregnanolone, a neurosteroid that acts as a synaptic and extrasynaptic modulator of the Gamma-Amino Butyric Acid-A (GABAA) receptor.
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