Sage Therapeutics, Inc. (NASDAQ:SAGE) Sees The Needle Move on Volume

08 December, 2017, 06:57 | Author: Sherman Richardson
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Investors sentiment decreased to 0.98 in 2017 Q2. The biopharmaceutical company reported ($1.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.61) by $0.09. Oppenheimer Asset Management Inc. increased its stake in shares of Sage Therapeutics by 412.9% in the 3rd quarter. 30 funds opened positions while 53 raised stakes. (NASDAQ:SAGE). Tocqueville Asset Mngmt Lp holds 71,450 shares or 0.07% of its portfolio. University Of Notre Dame Du Lac holds 34,936 shares. (NASDAQ:SAGE). Ameritas Investment Prns Inc has invested 0.01% in Sage Therapeutics, Inc. (NASDAQ:SAGE). State Board Of Administration Of Florida Retirement System owns 12,742 shares for 0% of their portfolio. Wexford L P owns 4,400 shares for 0.03% of their portfolio.

The company's shares jumped 52.3 percent to $140 in premarket trading. Suffolk Capital Limited Liability Corporation invested in 0.21% or 20,334 shares. The Massachusetts-based Essex Mngmt Communication Lc has invested 0.36% in Sage Therapeutics, Inc. (NASDAQ:SAGE) for 12,199 shares.

Among 17 analysts covering SAGE Therapeutics (NASDAQ:SAGE), 15 have Buy rating, 0 Sell and 2 Hold. (NASDAQ:SAGE) reached all time high today, Dec, 7 and still has $172.13 target or 7.00 % above today's $160.87 share price. Prelude Mgmt Limited Liability Co holds 0.04% or 5,060 shares. In a report released today, Leerink Swann analyst Paul Matteis reiterated a Buy rating on SAGE.

Sage Therapeutics (NASDAQ:SAGE) last announced its quarterly earnings data on Thursday, November 2nd. It has outperformed by 99.75% the S&P500. If the $172.13 PT is reached, the company will be worth $462.28 million more.

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Analysts await Sage Therapeutics, Inc.

SAGE has been the subject of several other research reports. After $-1.97 actual EPS reported by Sage Therapeutics, Inc. for the previous quarter, Wall Street now forecasts 1.52 % negative EPS growth. One analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Therefore 88% are positive. On Thursday, November 9 the stock rating was maintained by Cowen & Co with "Buy". The 12-month average price target assigned to the stock is $116.67, which represents a potential upside of 27% from where the stock is now trading. JP Morgan maintained the shares of SAGE in report on Thursday, September 3 with "Buy" rating. Leerink Swann has "Buy" rating and $9700 target. Raymond James upgraded Sage Therapeutics, Inc. (NASDAQ:SAGE) on Wednesday, June 29 with "Outperform" rating. The rating was maintained by Canaccord Genuity with "Buy" on Monday, November 13. Finally, BlackRock Fund Advisors boosted its position in shares of SAGE Therapeutics by 14.6% in the third quarter.

SAGE-217 was well tolerated, with no serious or severe adverse events; the most common adverse events (AEs) in the SAGE-217 group were headache, dizziness, nausea, and somnolence. "(SAGE) Is Soaring To A New High On Study Results", Cnbc.com published: "Sage Therapeutics shares soar after postpartum depression drug meets main goal" on November 09, 2017. It's hard to understate how meaningful these data are in the backdrop of the very significant unmet medical need in depression: even if the SAGE data on a placebo-adjusted basis weren't differentiated via cross-trial comparisons, we still think '217 would be an important drug as it offers a new mechanism (extra-synaptic GABA-modulation) in an area where the vast majority of options generally modulate the same pathways (serotonin, dopamine, norepinephrine).

Can-Fite BioPharma Ltd., a clinical-stage biopharmaceutical company, develops small molecule therapeutic products for the treatment of autoimmune-inflammatory, oncological, and liver diseases, as well as sexual dysfunction. But back-to-back successes have since then more than doubled the share price, adding billions in market cap. The Company's lead product candidate includes SAGE-547, a proprietary intravenous formulation of allopregnanolone that is in Phase III clinical development as an adjunctive therapy for the treatment of super-refractory status epilepticus, as well as for the treatment of post-partum depression (PPD).

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