Minerva Neurosciences, Inc (NASDAQ:NERV) has received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $16.00.

A number of brokerages have issued reports on NERV. BidaskClub cut shares of Minerva Neurosciences from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Minerva Neurosciences from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. began coverage on shares of Minerva Neurosciences in a report on Friday, September 1st. They issued a “buy” rating and a $11.00 target price on the stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Minerva Neurosciences by 35.9% in the second quarter. Rhumbline Advisers now owns 27,082 shares of the biopharmaceutical company’s stock worth $240,000 after acquiring an additional 7,150 shares during the last quarter. State of Wisconsin Investment Board bought a new position in Minerva Neurosciences in the second quarter worth about $159,000. EcoR1 Capital LLC bought a new position in Minerva Neurosciences in the second quarter worth about $1,981,000. Laurion Capital Management LP bought a new position in Minerva Neurosciences in the second quarter worth about $326,000. Finally, Vanguard Group Inc. lifted its holdings in Minerva Neurosciences by 13.4% in the first quarter. Vanguard Group Inc. now owns 939,297 shares of the biopharmaceutical company’s stock worth $7,608,000 after acquiring an additional 110,876 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Minerva Neurosciences (NERV) opened at 7.45 on Friday. The stock has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.62. The stock’s market capitalization is $316.69 million. Minerva Neurosciences has a 12-month low of $5.55 and a 12-month high of $14.15.

Minerva Neurosciences (NASDAQ:NERV) last issued its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.34) by $0.07. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. On average, equities analysts anticipate that Minerva Neurosciences will post ($0.90) earnings per share for the current fiscal year.

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Minerva Neurosciences Company Profile

Minerva Neurosciences, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of product candidates to treat patients suffering from central nervous system (CNS) diseases. The Company’s product portfolio and indications include MIN-101 for the treatment of schizophrenia; MIN-202, for the treatment of insomnia disorder and major depressive disorder (MDD); MIN-117, for the treatment of MDD, and MIN-301 for the treatment of Parkinson’s disease.

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