Minerva Neurosciences (NERV) Upgraded to Sell at ValuEngine

ValuEngine upgraded shares of Minerva Neurosciences (NASDAQ:NERV) from a strong sell rating to a sell rating in a report published on Wednesday.

A number of other brokerages have also recently issued reports on NERV. BidaskClub upgraded Minerva Neurosciences from a sell rating to a hold rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Minerva Neurosciences from a hold rating to a buy rating and set a $7.25 price objective for the company in a research note on Friday, March 16th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $12.75.

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NASDAQ NERV opened at $6.80 on Wednesday. Minerva Neurosciences has a twelve month low of $4.80 and a twelve month high of $11.15.

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

A number of large investors have recently made changes to their positions in the business. Highland Capital Management LP raised its stake in Minerva Neurosciences by 11.5% during the fourth quarter. Highland Capital Management LP now owns 2,160,544 shares of the biopharmaceutical company’s stock valued at $13,072,000 after buying an additional 222,642 shares during the last quarter. Franklin Resources Inc. raised its stake in Minerva Neurosciences by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 1,235,000 shares of the biopharmaceutical company’s stock valued at $7,472,000 after buying an additional 42,700 shares during the last quarter. Ascend Capital LLC raised its stake in Minerva Neurosciences by 4.8% during the fourth quarter. Ascend Capital LLC now owns 819,347 shares of the biopharmaceutical company’s stock valued at $4,957,000 after buying an additional 37,659 shares during the last quarter. Sphera Funds Management LTD. raised its stake in Minerva Neurosciences by 24.0% during the fourth quarter. Sphera Funds Management LTD. now owns 775,000 shares of the biopharmaceutical company’s stock valued at $4,689,000 after buying an additional 150,000 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Minerva Neurosciences during the third quarter valued at $2,835,000. Institutional investors and hedge funds own 70.13% of the company’s stock.

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Minerva Neurosciences Company Profile

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.

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

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