Minerva Neurosciences (NERV) Stock Rating Upgraded by BidaskClub

Minerva Neurosciences (NASDAQ:NERV) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Minerva Neurosciences from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research note on Friday, March 16th. ValuEngine raised shares of Minerva Neurosciences from a “strong sell” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $12.75.

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Minerva Neurosciences stock opened at $6.80 on Friday. Minerva Neurosciences has a fifty-two week low of $4.80 and a fifty-two week high of $11.15.

Minerva Neurosciences (NASDAQ:NERV) last posted its quarterly earnings results on Monday, March 12th. The biopharmaceutical company reported ($0.24) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.19. equities analysts expect that Minerva Neurosciences will post -1.46 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Trexquant Investment LP bought a new position in Minerva Neurosciences in the third quarter worth approximately $189,000. The Manufacturers Life Insurance Company raised its stake in Minerva Neurosciences by 38.8% in the second quarter. The Manufacturers Life Insurance Company now owns 22,359 shares of the biopharmaceutical company’s stock worth $198,000 after buying an additional 6,251 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Minerva Neurosciences by 47.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 40,835 shares of the biopharmaceutical company’s stock worth $247,000 after buying an additional 13,199 shares in the last quarter. California State Teachers Retirement System raised its stake in Minerva Neurosciences by 7.5% in the second quarter. California State Teachers Retirement System now owns 44,537 shares of the biopharmaceutical company’s stock worth $394,000 after buying an additional 3,100 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Minerva Neurosciences by 25.2% in the third quarter. Sterling Capital Management LLC now owns 52,135 shares of the biopharmaceutical company’s stock worth $396,000 after buying an additional 10,479 shares in the last quarter. 70.13% of the stock is owned by hedge funds and other institutional investors.

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About Minerva Neurosciences

Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of a portfolio of product candidates for the treatment of central nervous system diseases. The company's lead product candidate is roluperidone, which is in Phase III clinical trial, a compound for the treatment of patients with schizophrenia.

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