SAGE Therapeutics Inc (NASDAQ:SAGE) has earned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $175.75.
A number of brokerages have issued reports on SAGE. BidaskClub cut shares of SAGE Therapeutics from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. restated a “buy” rating on shares of SAGE Therapeutics in a research report on Wednesday, January 10th. Cowen restated a “buy” rating on shares of SAGE Therapeutics in a research report on Monday, December 11th. Stifel Nicolaus restated a “buy” rating and set a $198.00 price target on shares of SAGE Therapeutics in a research report on Friday, December 8th. Finally, SunTrust Banks boosted their price target on shares of SAGE Therapeutics to $178.00 and gave the company a “positive” rating in a research report on Friday, December 8th.
Shares of SAGE Therapeutics (SAGE) traded down $1.23 during mid-day trading on Tuesday, reaching $162.37. 467,420 shares of the company’s stock were exchanged, compared to its average volume of 697,206. SAGE Therapeutics has a 1-year low of $59.50 and a 1-year high of $195.97. The company has a market cap of $7,389.30, a PE ratio of -23.63 and a beta of 2.98.
Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in SAGE Therapeutics by 36.5% in the third quarter. Bank of New York Mellon Corp now owns 2,710,027 shares of the biopharmaceutical company’s stock worth $168,834,000 after purchasing an additional 724,494 shares during the last quarter. BlackRock Inc. raised its stake in shares of SAGE Therapeutics by 16.4% during the fourth quarter. BlackRock Inc. now owns 3,444,171 shares of the biopharmaceutical company’s stock valued at $567,290,000 after acquiring an additional 486,135 shares during the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of SAGE Therapeutics during the fourth quarter valued at about $74,300,000. Farallon Capital Management LLC raised its stake in shares of SAGE Therapeutics by 64.3% during the fourth quarter. Farallon Capital Management LLC now owns 400,000 shares of the biopharmaceutical company’s stock valued at $65,884,000 after acquiring an additional 156,500 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of SAGE Therapeutics by 258.0% during the third quarter. New York State Common Retirement Fund now owns 149,564 shares of the biopharmaceutical company’s stock valued at $9,318,000 after acquiring an additional 107,782 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.
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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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