Sage Therapeutics, Inc. (NASDAQ:SAGE) – Research analysts at Leerink Swann reduced their FY2019 earnings per share (EPS) estimates for shares of Sage Therapeutics in a report released on Thursday. Leerink Swann analyst P. Matteis now forecasts that the biopharmaceutical company will post earnings per share of ($4.17) for the year, down from their prior estimate of ($2.80). Leerink Swann currently has a “Positive” rating and a $123.00 target price on the stock.
Sage Therapeutics (NASDAQ:SAGE) last posted its quarterly earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($1.97) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.98) by $0.01. Sage Therapeutics’s revenue for the quarter was up .0% compared to the same quarter last year.
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A number of other equities research analysts have also issued reports on the company. J P Morgan Chase & Co dropped their price target on Sage Therapeutics from $99.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, September 12th. Canaccord Genuity dropped their price target 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. Needham & Company LLC dropped their price target on Sage Therapeutics from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, September 13th. SunTrust Banks, Inc. restated a “buy” rating and issued a $82.00 price target (down from $95.00) on shares of Sage Therapeutics in a research report on Wednesday, September 13th. Finally, BMO Capital Markets upped their price target on Sage Therapeutics from $80.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, September 14th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.86.
Sage Therapeutics (NASDAQ:SAGE) traded down $1.39 during mid-day trading on Monday, hitting $94.65. The stock had a trading volume of 861,500 shares, compared to its average volume of 525,747. Sage Therapeutics has a 1-year low of $44.55 and a 1-year high of $99.80.
Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in 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 purchasing an additional 138 shares in the last quarter. Hershey Trust Co. acquired a new position in Sage Therapeutics during the third quarter worth $118,000. Oppenheimer Asset Management Inc. lifted its stake in 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 purchasing an additional 1,565 shares in the last quarter. Turner Investments LLC acquired a new position in Sage Therapeutics during the second quarter worth $159,000. Finally, Dubuque Bank & Trust Co. acquired a new position in Sage Therapeutics during the second quarter worth $167,000.
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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