Shares of Minerva Neurosciences, Inc (NASDAQ:NERV) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.00.

A number of research analysts have recently commented on NERV shares. Zacks Investment Research raised Minerva Neurosciences from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, September 13th. Citigroup started coverage on Minerva Neurosciences in a report on Friday, September 1st. They set a “buy” rating and a $11.00 price target on the stock.

Minerva Neurosciences (NASDAQ NERV) opened at $5.70 on Friday. Minerva Neurosciences has a fifty-two week low of $4.80 and a fifty-two week high of $14.00.

Minerva Neurosciences (NASDAQ:NERV) last issued its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.28) EPS for the quarter. During the same quarter in the prior year, the business earned ($0.24) earnings per share. analysts expect that Minerva Neurosciences will post -1.28 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Federated Investors Inc. PA grew its holdings in Minerva Neurosciences by 18.2% during the second quarter. Federated Investors Inc. PA now owns 7,535,287 shares of the biopharmaceutical company’s stock worth $66,687,000 after acquiring an additional 1,162,364 shares during the period. FMR LLC grew its holdings in Minerva Neurosciences by 13.7% during the second quarter. FMR LLC now owns 5,660,794 shares of the biopharmaceutical company’s stock worth $50,098,000 after acquiring an additional 680,000 shares during the period. Franklin Resources Inc. grew its holdings in Minerva Neurosciences by 39.0% during the second quarter. Franklin Resources Inc. now owns 1,158,100 shares of the biopharmaceutical company’s stock worth $10,249,000 after acquiring an additional 325,000 shares during the period. Vanguard Group Inc. grew its holdings in Minerva Neurosciences by 14.4% during the second quarter. Vanguard Group Inc. now owns 1,074,239 shares of the biopharmaceutical company’s stock worth $9,507,000 after acquiring an additional 134,942 shares during the period. Finally, Sphera Funds Management LTD. grew its holdings in Minerva Neurosciences by 31.9% during the third quarter. Sphera Funds Management LTD. now owns 625,000 shares of the biopharmaceutical company’s stock worth $4,750,000 after acquiring an additional 151,231 shares during the period. 73.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Minerva Neurosciences

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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