Sage Therapeutics (NASDAQ:SAGE)‘s stock had its “buy” rating restated by research analysts at Cowen in a report issued on Monday.

A number of other equities research analysts also recently weighed in on the stock. J P Morgan Chase & Co lowered their target price on shares of Sage Therapeutics from $99.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. Royal Bank Of Canada raised their target price on shares of Sage Therapeutics from $117.00 to $120.00 in a research note on Thursday, November 2nd. Chardan Capital raised shares of Sage Therapeutics from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $140.00 in a research note on Friday, November 10th. Canaccord Genuity lowered their target price on shares of Sage Therapeutics from $110.00 to $81.00 and set a “buy” rating on the stock in a research note on Tuesday, September 12th. Finally, Leerink Swann raised their target price on shares of Sage Therapeutics from $85.00 to $123.00 and gave the company a “positive” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $171.21.

Sage Therapeutics (NASDAQ:SAGE) traded up $11.07 during mid-day trading on Monday, hitting $167.34. 4,670,600 shares of the stock were exchanged, compared to its average volume of 599,461. Sage Therapeutics has a one year low of $44.55 and a one year high of $173.36.

Sage Therapeutics (NASDAQ:SAGE) last released its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.97) EPS for the quarter, beating analysts’ consensus estimates of ($1.98) by $0.01. The business’s quarterly revenue was up .0% compared to the same quarter last year. analysts predict that Sage Therapeutics will post -7.4 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of SAGE. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 in the last quarter. Hershey Trust Co. purchased a new position in shares of Sage Therapeutics during the third quarter worth approximately $118,000. Oppenheimer Asset Management Inc. raised its stake in shares of Sage Therapeutics by 412.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,944 shares of the biopharmaceutical company’s stock worth $122,000 after acquiring an additional 1,565 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Sage Therapeutics during the third quarter worth approximately $141,000. Finally, Turner Investments LLC purchased a new position in shares of Sage Therapeutics during the second quarter worth approximately $159,000. 95.40% of the stock is currently owned by hedge funds and other institutional investors.

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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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