Minerva Neurosciences Inc (NASDAQ:NERV)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $5.51 and last traded at $6.69, with a volume of 9250 shares trading hands. The stock had previously closed at $6.91.

A number of equities analysts have recently commented on NERV shares. ValuEngine downgraded shares of Minerva Neurosciences from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. BidaskClub downgraded shares of Minerva Neurosciences from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Zacks Investment Research downgraded shares of Minerva Neurosciences from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th.

Minerva Neurosciences (NASDAQ:NERV) last issued its earnings results on Monday, May 6th. The biopharmaceutical company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.06). On average, equities research analysts predict that Minerva Neurosciences Inc will post -1.62 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Minerva Neurosciences by 63,940.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,404 shares of the biopharmaceutical company’s stock valued at $50,000 after acquiring an additional 6,394 shares during the period. Citigroup Inc. raised its stake in shares of Minerva Neurosciences by 23.1% in the 1st quarter. Citigroup Inc. now owns 9,753 shares of the biopharmaceutical company’s stock valued at $77,000 after acquiring an additional 1,829 shares during the period. Blair William & Co. IL acquired a new stake in Minerva Neurosciences during the 1st quarter valued at $86,000. Prudential Financial Inc. acquired a new stake in Minerva Neurosciences during the 4th quarter valued at $77,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Minerva Neurosciences by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,515 shares of the biopharmaceutical company’s stock valued at $78,000 after purchasing an additional 8,993 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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About Minerva Neurosciences (NASDAQ:NERV)

Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of a portfolio of product candidates for the treatment of central nervous system diseases. The company's lead product candidate is roluperidone, which is in Phase III clinical trial, a compound for the treatment of patients with schizophrenia.

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