BidaskClub downgraded shares of Sage Therapeutics, Inc. (NASDAQ:SAGE) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other research firms also recently weighed in on SAGE. Leerink Swann reiterated an outperform rating and set a $97.00 target price (up from $90.00) on shares of Sage Therapeutics in a research report on Tuesday, June 20th. ValuEngine upgraded Sage Therapeutics from a sell rating to a hold rating in a research report on Friday, June 2nd. Stifel Nicolaus started coverage on Sage Therapeutics in a research report on Wednesday, August 9th. They set a buy rating and a $104.00 target price on the stock. Needham & Company LLC reiterated a buy rating and set a $82.00 target price on shares of Sage Therapeutics in a research report on Tuesday, June 13th. Finally, Canaccord Genuity set a $110.00 target price on Sage Therapeutics and gave the stock a buy rating in a research report on Saturday, August 5th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Sage Therapeutics currently has a consensus rating of Buy and a consensus price target of $89.64.

Sage Therapeutics (NASDAQ:SAGE) opened at 78.63 on Wednesday. The company’s market cap is $2.94 billion. Sage Therapeutics has a 52-week low of $35.74 and a 52-week high of $90.43. The firm’s 50-day moving average is $82.24 and its 200-day moving average is $72.59.

Sage Therapeutics (NASDAQ:SAGE) last released its earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($1.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.63) by $0.25. During the same period in the previous year, the firm posted ($1.08) earnings per share. On average, equities research analysts anticipate that Sage Therapeutics will post ($7.38) EPS for the current year.

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A number of large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 buying an additional 138 shares in the last quarter. Turner Investments LLC purchased a new stake in shares of Sage Therapeutics during the second quarter valued at approximately $159,000. Dubuque Bank & Trust Co. purchased a new stake in shares of Sage Therapeutics during the second quarter valued at approximately $167,000. Canada Pension Plan Investment Board purchased a new stake in shares of Sage Therapeutics during the second quarter valued at approximately $175,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Sage Therapeutics during the first quarter valued at approximately $180,000.

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.

Analyst Recommendations for Sage Therapeutics (NASDAQ:SAGE)

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