Sage Therapeutics, Inc. (NASDAQ:SAGE)‘s stock had its “hold” rating reissued by stock analysts at Chardan Capital in a report issued on Wednesday.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus began coverage on Sage Therapeutics in a research note on Wednesday, August 9th. They set a “buy” rating and a $104.00 target price on the stock. Canaccord Genuity reduced their target price on Sage Therapeutics from $110.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday. SunTrust Banks, Inc. reissued a “buy” rating and set a $82.00 target price (down from $95.00) on shares of Sage Therapeutics in a research note on Wednesday. Needham & Company LLC reduced their target price on Sage Therapeutics from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, BidaskClub cut Sage Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $84.08.

Shares of Sage Therapeutics (SAGE) opened at 70.37 on Wednesday. Sage Therapeutics has a 12 month low of $38.30 and a 12 month high of $90.80. The company’s 50 day moving average is $82.79 and its 200-day moving average is $74.97. The firm’s market cap is $2.63 billion.

Sage Therapeutics (NASDAQ:SAGE) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($1.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.63) by ($0.25). During the same quarter in the previous year, the company posted ($1.08) earnings per share. Equities research analysts predict that Sage Therapeutics will post ($7.38) EPS for the current year.

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A number of hedge funds have recently modified their holdings of SAGE. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sage Therapeutics by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,378 shares of the biopharmaceutical company’s stock worth $110,000 after purchasing an additional 138 shares during the period. Turner Investments LLC purchased a new stake in Sage Therapeutics in the second quarter worth $159,000. Dubuque Bank & Trust Co. purchased a new stake in Sage Therapeutics in the second quarter worth $167,000. Canada Pension Plan Investment Board purchased a new stake in Sage Therapeutics in the second quarter worth $175,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Sage Therapeutics in the first quarter worth $180,000.

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.

Analyst Recommendations for Sage Therapeutics (NASDAQ:SAGE)

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