Sage Therapeutics, Inc. (NASDAQ:SAGE)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a report released on Friday. They currently have a $80.00 price objective on the biopharmaceutical company’s stock. BMO Capital Markets’ target price points to a potential upside of 24.63% from the company’s previous close.

Several other research firms also recently commented on SAGE. Canaccord Genuity dropped their target price on Sage Therapeutics from $110.00 to $81.00 and set a “buy” rating for the company in a research report on Tuesday, September 12th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $82.00 target price (down from $95.00) on shares of Sage Therapeutics in a research report on Wednesday, September 13th. Royal Bank Of Canada reiterated a “buy” rating and issued a $117.00 target price on shares of Sage Therapeutics in a research report on Wednesday, October 18th. Stifel Nicolaus initiated coverage on Sage Therapeutics in a research report on Wednesday, August 9th. They issued a “buy” rating and a $104.00 target price for the company. Finally, Cowen and Company dropped their target price on Sage Therapeutics from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $86.50.

Shares of Sage Therapeutics (NASDAQ SAGE) traded up 5.71% during mid-day trading on Friday, reaching $64.19. The company’s stock had a trading volume of 494,271 shares. The firm’s market cap is $2.40 billion. Sage Therapeutics has a 12 month low of $38.30 and a 12 month high of $90.80. The company has a 50-day moving average of $66.24 and a 200-day moving average of $73.93.

Sage Therapeutics (NASDAQ:SAGE) last posted its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($1.88) EPS for the quarter, missing the consensus estimate of ($1.63) by ($0.25). During the same quarter in the previous year, the company posted ($1.08) earnings per share. On average, analysts predict that Sage Therapeutics will post ($7.40) earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sage Therapeutics by 11.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,378 shares of the biopharmaceutical company’s stock worth $110,000 after acquiring an additional 138 shares during the last quarter. Hershey Trust Co. bought a new position in shares of Sage Therapeutics during the third quarter worth about $118,000. Turner Investments LLC bought a new position in shares of Sage Therapeutics during the second quarter worth about $159,000. Dubuque Bank & Trust Co. bought a new position in shares of Sage Therapeutics during the second quarter worth about $167,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Sage Therapeutics during the second quarter worth about $175,000.

About Sage Therapeutics

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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