Traders purchased shares of Sage Therapeutics, Inc. (NASDAQ:SAGE) on weakness during trading on Tuesday after Royal Bank Of Canada lowered their price target on the stock from $145.00 to $137.00. $25.57 million flowed into the stock on the tick-up and $17.98 million flowed out of the stock on the tick-down, for a money net flow of $7.59 million into the stock. Of all companies tracked, Sage Therapeutics had the 27th highest net in-flow for the day. Sage Therapeutics traded down ($0.32) for the day and closed at $96.01

Other equities research analysts have also issued reports about the company. Canaccord Genuity reduced their price objective on Sage Therapeutics from $110.00 to $81.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Stifel Nicolaus began coverage on Sage Therapeutics in a research note on Wednesday, August 9th. They issued a “buy” rating and a $104.00 price objective for the company. Needham & Company LLC set a $95.00 price objective on Sage Therapeutics and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub lowered Sage Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $112.00 price objective (up from $85.67) on shares of Sage Therapeutics in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Sage Therapeutics has a consensus rating of “Buy” and a consensus price target of $105.14.

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sage Therapeutics by 11.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,378 shares of the biopharmaceutical company’s stock worth $110,000 after buying an additional 138 shares in the last quarter. Hershey Trust Co. purchased a new stake in Sage Therapeutics in the 3rd quarter worth $118,000. Oppenheimer Asset Management Inc. increased its stake in Sage Therapeutics by 412.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,944 shares of the biopharmaceutical company’s stock worth $122,000 after buying an additional 1,565 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Sage Therapeutics in the 3rd quarter worth $141,000. Finally, Turner Investments LLC purchased a new stake in Sage Therapeutics in the 2nd quarter worth $159,000. Institutional investors and hedge funds own 95.40% of the company’s stock.

Sage Therapeutics (NASDAQ:SAGE) last issued its quarterly earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($1.97) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.98) by $0.01. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts predict that Sage Therapeutics, Inc. will post -7.38 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/30/investors-buy-sage-therapeutics-sage-on-weakness-following-analyst-downgrade.html.

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.

Receive News & Stock Ratings for Sage Therapeutics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sage Therapeutics Inc. and related stocks with our FREE daily email newsletter.