Minerva Neurosciences (NERV) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Minerva Neurosciences (NASDAQ:NERV) from a sell rating to a strong sell rating in a research report sent to investors on Sunday.

Separately, Zacks Investment Research lowered shares of Minerva Neurosciences from a buy rating to a hold rating in a report on Thursday, October 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Minerva Neurosciences presently has an average rating of Hold and a consensus target price of $13.94.

Minerva Neurosciences (NERV) traded down $0.10 during trading on Friday, reaching $6.05. 229,199 shares of the company traded hands, compared to its average volume of 159,550. The stock has a market cap of $234.14, a price-to-earnings ratio of -5.45 and a beta of 1.53. Minerva Neurosciences has a one year low of $4.80 and a one year high of $12.60.

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

In related news, CFO Geoff Race sold 5,829 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $5.79, for a total value of $33,749.91. Following the completion of the sale, the chief financial officer now directly owns 197,698 shares of the company’s stock, valued at approximately $1,144,671.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 12,590 shares of company stock valued at $73,073 over the last three months. 21.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in NERV. Nationwide Fund Advisors grew its holdings in Minerva Neurosciences by 14.2% during the 2nd quarter. Nationwide Fund Advisors now owns 13,005 shares of the biopharmaceutical company’s stock valued at $115,000 after buying an additional 1,616 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Minerva Neurosciences by 54.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 15,794 shares of the biopharmaceutical company’s stock valued at $140,000 after buying an additional 5,579 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Minerva Neurosciences during the 2nd quarter valued at approximately $145,000. State of Wisconsin Investment Board purchased a new stake in Minerva Neurosciences during the 2nd quarter valued at approximately $159,000. Finally, ProShare Advisors LLC grew its holdings in Minerva Neurosciences by 1.4% during the 2nd quarter. ProShare Advisors LLC now owns 21,063 shares of the biopharmaceutical company’s stock valued at $186,000 after buying an additional 297 shares in the last quarter. 73.68% of the stock is owned by institutional investors.

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Minerva Neurosciences Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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