Investment Analysts’ Weekly Ratings Updates for SAGE Therapeutics (SAGE)
A number of firms have modified their ratings and price targets on shares of SAGE Therapeutics (NASDAQ: SAGE) recently:
- 8/9/2019 – SAGE Therapeutics was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 8/7/2019 – SAGE Therapeutics had its price target lowered by analysts at Oppenheimer Holdings Inc. from $200.00 to $190.00. They now have an “outperform” rating on the stock.
- 7/27/2019 – SAGE Therapeutics was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
- 7/25/2019 – SAGE Therapeutics had its price target raised by analysts at Oppenheimer Holdings Inc. from $170.00 to $200.00.
- 7/24/2019 – SAGE Therapeutics had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co..
- 7/24/2019 – SAGE Therapeutics had its “buy” rating reaffirmed by analysts at William Blair.
Shares of NASDAQ:SAGE traded down $0.90 on Wednesday, hitting $164.68. 6,724 shares of the company’s stock were exchanged, compared to its average volume of 509,183. The stock’s 50-day moving average is $175.23. The stock has a market capitalization of $8.55 billion, a P/E ratio of -20.38 and a beta of 2.53. SAGE Therapeutics Inc has a 1-year low of $79.88 and a 1-year high of $193.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.00 and a quick ratio of 16.00.
SAGE Therapeutics (NASDAQ:SAGE) last released its quarterly earnings data on Tuesday, August 6th. The biopharmaceutical company reported ($3.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.32) by $0.04. The business had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.27 million. The company’s revenue was down 99.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.36) earnings per share. Equities analysts predict that SAGE Therapeutics Inc will post -13.32 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Icon Wealth Partners LLC acquired a new stake in shares of SAGE Therapeutics in the 1st quarter valued at about $31,000. Mckinley Capital Management LLC Delaware boosted its position in shares of SAGE Therapeutics by 53.3% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 282 shares of the biopharmaceutical company’s stock valued at $45,000 after purchasing an additional 98 shares during the period. Cornerstone Advisors Inc. boosted its position in shares of SAGE Therapeutics by 28.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 308 shares of the biopharmaceutical company’s stock valued at $49,000 after purchasing an additional 68 shares during the period. Quadrant Capital Group LLC boosted its position in shares of SAGE Therapeutics by 4,871.4% in the 1st quarter. Quadrant Capital Group LLC now owns 348 shares of the biopharmaceutical company’s stock valued at $53,000 after purchasing an additional 341 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in shares of SAGE Therapeutics in the 1st quarter valued at about $58,000.
Sage Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops and commercializes novel medicines to treat central nervous system (CNS) disorders. Its lead product candidate is ZULRESSO, a proprietary intravenous formulation of brexanolone that has completed Phase III clinical trials for the treatment of postpartum depression (PPD).
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