SAGE Therapeutics (NASDAQ:SAGE) Downgraded by LADENBURG THALM/SH SH

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LADENBURG THALM/SH SH downgraded shares of SAGE Therapeutics (NASDAQ:SAGE) from a buy rating to a neutral rating in a research report sent to investors on Friday morning, Benzinga reports.

Other analysts have also recently issued reports about the stock. Guggenheim dropped their target price on shares of SAGE Therapeutics from $200.00 to $110.00 and set a buy rating on the stock in a report on Thursday. Royal Bank of Canada decreased their price target on shares of SAGE Therapeutics from $190.00 to $100.00 and set an outperform rating for the company in a report on Friday. Wedbush lowered their price objective on shares of SAGE Therapeutics from $203.00 to $90.00 and set an outperform rating for the company in a research report on Thursday. Goldman Sachs Group dropped their price objective on shares of SAGE Therapeutics from $227.00 to $263.00 in a research note on Thursday. Finally, HC Wainwright cut their target price on shares of SAGE Therapeutics from $160.00 to $87.00 and set a neutral rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. SAGE Therapeutics presently has a consensus rating of Buy and a consensus target price of $128.81.

SAGE stock opened at $64.46 on Friday. The company has a current ratio of 12.67, a quick ratio of 12.67 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.34 billion, a P/E ratio of -7.98 and a beta of 2.52. SAGE Therapeutics has a 12-month low of $56.50 and a 12-month high of $193.56. The stock’s 50 day simple moving average is $142.30 and its 200 day simple moving average is $160.81.

SAGE Therapeutics (NASDAQ:SAGE) last announced its quarterly earnings data on Tuesday, November 12th. The biopharmaceutical company reported ($3.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($3.41) by ($0.07). The firm had revenue of $3.57 million for the quarter, compared to the consensus estimate of $2.52 million. SAGE Therapeutics had a negative return on equity of 60.00% and a negative net margin of 12,931.34%. The business’s revenue for the quarter was up 35600.0% compared to the same quarter last year. During the same quarter last year, the business earned ($2.63) earnings per share. On average, research analysts forecast that SAGE Therapeutics will post -13.77 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthcare Advisory Partners LLC grew its holdings in SAGE Therapeutics by 150.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 250 shares of the biopharmaceutical company’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in SAGE Therapeutics during the 2nd quarter valued at $44,000. Tobam bought a new stake in SAGE Therapeutics during the 2nd quarter valued at $92,000. Tower Research Capital LLC TRC acquired a new position in SAGE Therapeutics during the 2nd quarter worth $111,000. Finally, Athanor Capital LP acquired a new position in SAGE Therapeutics during the 2nd quarter worth $201,000.

SAGE Therapeutics Company Profile

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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Analyst Recommendations for SAGE Therapeutics (NASDAQ:SAGE)

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