Redmile Group LLC Has $231,000 Position in SAGE Therapeutics Inc (NASDAQ:SAGE)
Redmile Group LLC cut its holdings in SAGE Therapeutics Inc (NASDAQ:SAGE) by 50.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,450 shares of the biopharmaceutical company’s stock after selling 1,500 shares during the quarter. Redmile Group LLC’s holdings in SAGE Therapeutics were worth $231,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. boosted its position in SAGE Therapeutics by 28.3% during the first quarter. Cornerstone Advisors Inc. now owns 308 shares of the biopharmaceutical company’s stock worth $49,000 after purchasing an additional 68 shares in the last quarter. Creative Planning raised its holdings in shares of SAGE Therapeutics by 3.1% in the first quarter. Creative Planning now owns 2,269 shares of the biopharmaceutical company’s stock worth $361,000 after acquiring an additional 69 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of SAGE Therapeutics by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 5,680 shares of the biopharmaceutical company’s stock worth $903,000 after acquiring an additional 75 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of SAGE Therapeutics by 34.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 310 shares of the biopharmaceutical company’s stock worth $30,000 after acquiring an additional 80 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its stake in SAGE Therapeutics by 53.3% in the first quarter. Mckinley Capital Management LLC Delaware now owns 282 shares of the biopharmaceutical company’s stock valued at $45,000 after purchasing an additional 98 shares during the last quarter.
SAGE has been the subject of several analyst reports. Canaccord Genuity set a $220.00 target price on SAGE Therapeutics and gave the company a “buy” rating in a research note on Monday, April 8th. BidaskClub upgraded SAGE Therapeutics from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Raymond James reiterated a “market perform” rating on shares of SAGE Therapeutics in a research note on Friday, April 26th. Jefferies Financial Group started coverage on SAGE Therapeutics in a research report on Thursday, April 25th. They set a “buy” rating and a $195.00 price target for the company. Finally, Oppenheimer set a $170.00 price target on SAGE Therapeutics and gave the company a “buy” rating in a research report on Sunday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. SAGE Therapeutics has an average rating of “Buy” and an average price target of $202.15.
SAGE stock opened at $174.26 on Monday. SAGE Therapeutics Inc has a 12-month low of $79.88 and a 12-month high of $178.16. The company has a quick ratio of 20.06, a current ratio of 20.06 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of -21.57 and a beta of 2.66.
SAGE Therapeutics (NASDAQ:SAGE) last posted its quarterly earnings results on Thursday, May 2nd. The biopharmaceutical company reported ($3.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.17) by ($0.20). The business had revenue of $0.47 million during the quarter. During the same quarter in the prior year, the firm earned ($1.68) earnings per share. On average, research analysts anticipate that SAGE Therapeutics Inc will post -13.19 earnings per share for the current year.
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About SAGE Therapeutics
Sage Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops and commercializes novel medicines to treat central nervous system (CNS) disorders. Its lead product candidate is ZULRESSO, a proprietary intravenous formulation of brexanolone that has completed Phase III clinical trials for the treatment of postpartum depression (PPD).
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