BidaskClub Lowers SAGE Therapeutics (SAGE) to Sell
SAGE Therapeutics (NASDAQ:SAGE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of SAGE Therapeutics in a research note on Wednesday, January 10th. Royal Bank of Canada raised their price target on SAGE Therapeutics from $137.00 to $280.00 and gave the stock a “sell” rating in a research note on Thursday, December 7th. They noted that the move was a valuation call. Chardan Capital raised SAGE Therapeutics from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $140.00 in a research note on Friday, November 10th. Cowen reaffirmed a “buy” rating on shares of SAGE Therapeutics in a research note on Monday, December 11th. Finally, Leerink Swann raised their price target on SAGE Therapeutics from $123.00 to $246.00 in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $171.21.
Shares of SAGE Therapeutics (SAGE) opened at $159.34 on Tuesday. SAGE Therapeutics has a 52 week low of $47.06 and a 52 week high of $195.97. The company has a market capitalization of $6,540.00, a price-to-earnings ratio of -23.19 and a beta of 2.97.
Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its position in SAGE Therapeutics by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 59,336 shares of the biopharmaceutical company’s stock valued at $4,723,000 after acquiring an additional 552 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of SAGE Therapeutics by 9.1% in the 2nd quarter. New York State Common Retirement Fund now owns 41,782 shares of the biopharmaceutical company’s stock valued at $3,328,000 after purchasing an additional 3,499 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of SAGE Therapeutics by 17.9% in the 2nd quarter. Northern Trust Corp now owns 411,444 shares of the biopharmaceutical company’s stock valued at $32,767,000 after purchasing an additional 62,474 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of SAGE Therapeutics by 37.5% in the 2nd quarter. Voya Investment Management LLC now owns 16,025 shares of the biopharmaceutical company’s stock valued at $1,276,000 after purchasing an additional 4,371 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of SAGE Therapeutics in the 2nd quarter valued at about $401,000. 95.47% of the stock is owned by institutional investors and hedge funds.
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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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