Sage Therapeutics, Inc. (SAGE) Receives Average Rating of “Buy” from Analysts
Sage Therapeutics, Inc. (NASDAQ:SAGE) has been given an average rating of “Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $89.00.
A number of equities analysts recently commented on SAGE shares. BidaskClub downgraded Sage Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and set a $82.00 price objective on shares of Sage Therapeutics in a research report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and set a $90.00 price objective on shares of Sage Therapeutics in a research report on Friday, July 14th. Canaccord Genuity set a $110.00 price objective on Sage Therapeutics and gave the stock a “buy” rating in a research report on Saturday, August 5th. Finally, Cowen and Company reiterated a “buy” rating and set a $100.00 price objective on shares of Sage Therapeutics in a research report on Friday, August 4th.
Sage Therapeutics (SAGE) opened at 62.36 on Friday. Sage Therapeutics has a 52-week low of $38.30 and a 52-week high of $90.80. The stock’s 50 day moving average price is $81.33 and its 200 day moving average price is $74.82. The company’s market cap is $2.33 billion.
Sage Therapeutics (NASDAQ:SAGE) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($1.88) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.63) by ($0.25). During the same period in the previous year, the firm posted ($1.08) earnings per share. Analysts expect that Sage Therapeutics will post ($7.38) earnings per share for the current year.
Large investors have recently bought and sold shares of the business. State of Wisconsin Investment Board purchased a new stake in Sage Therapeutics in the second quarter valued at $1,991,000. Teacher Retirement System of Texas acquired a new stake in shares of Sage Therapeutics in the second quarter valued at $202,000. Schwab Charles Investment Management Inc. grew its stake in shares of Sage Therapeutics by 1.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 131,440 shares of the biopharmaceutical company’s stock valued at $9,342,000 after buying an additional 1,593 shares in the last quarter. Spark Investment Management LLC acquired a new stake in shares of Sage Therapeutics in the first quarter valued at $4,086,000. Finally, Rhumbline Advisers grew its stake in shares of Sage Therapeutics by 9.4% in the second quarter. Rhumbline Advisers now owns 41,138 shares of the biopharmaceutical company’s stock valued at $3,276,000 after buying an additional 3,551 shares in the last quarter.
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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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