Chardan Capital Upgrades Sage Therapeutics, Inc. (SAGE) to Buy

Chardan Capital upgraded shares of Sage Therapeutics, Inc. (NASDAQ:SAGE) from a neutral rating to a buy rating in a report released on Friday morning, Marketbeat reports. Chardan Capital currently has $140.00 target price on the biopharmaceutical company’s stock, up from their prior target price of $60.00.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada raised their price objective on Sage Therapeutics from $117.00 to $120.00 in a research note on Thursday, November 2nd. Canaccord Genuity dropped their price target on Sage Therapeutics from $110.00 to $81.00 and set a buy rating on the stock in a research report on Tuesday, September 12th. Stifel Nicolaus assumed coverage on Sage Therapeutics in a research report on Wednesday, August 9th. They issued a buy rating and a $104.00 price target on the stock. Cowen and Company reaffirmed a buy rating and issued a $100.00 price target on shares of Sage Therapeutics in a research report on Friday, August 4th. Finally, Needham & Company LLC set a $95.00 price objective on Sage Therapeutics and gave the stock a buy rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Sage Therapeutics presently has an average rating of Buy and a consensus price target of $99.86.

Shares of Sage Therapeutics (NASDAQ:SAGE) opened at $94.65 on Friday. Sage Therapeutics has a one year low of $44.55 and a one year high of $99.80.

Sage Therapeutics (NASDAQ:SAGE) last posted its quarterly earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($1.97) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.98) by $0.01. Sage Therapeutics’s quarterly revenue was up .0% compared to the same quarter last year. equities analysts anticipate that Sage Therapeutics will post -7.36 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sage Therapeutics by 11.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,378 shares of the biopharmaceutical company’s stock valued at $110,000 after purchasing an additional 138 shares during the last quarter. Hershey Trust Co. bought a new stake in Sage Therapeutics in the third quarter valued at about $118,000. Oppenheimer Asset Management Inc. increased its holdings in Sage Therapeutics by 412.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 1,944 shares of the biopharmaceutical company’s stock valued at $122,000 after purchasing an additional 1,565 shares during the last quarter. Turner Investments LLC bought a new stake in Sage Therapeutics in the second quarter valued at about $159,000. Finally, Dubuque Bank & Trust Co. bought a new stake in Sage Therapeutics in the second quarter valued at about $167,000.

About Sage Therapeutics

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.

Analyst Recommendations for Sage Therapeutics (NASDAQ:SAGE)

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