Sage Therapeutics, Inc. (NASDAQ:SAGE) had its price target raised by Royal Bank of Canada to $145.00 in a research note published on Thursday. Royal Bank of Canada currently has an outperform rating on the biopharmaceutical company’s stock.

A number of other brokerages also recently issued reports on SAGE. Canaccord Genuity cut their target price 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. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $82.00 target price (down from $95.00) on shares of Sage Therapeutics in a research note on Wednesday, September 13th. Stifel Nicolaus started coverage on Sage Therapeutics in a research note on Wednesday, August 9th. They issued a buy rating and a $104.00 target price for the company. BMO Capital Markets raised their target price on Sage Therapeutics from $80.00 to $84.00 and gave the stock an outperform rating in a research note on Thursday, September 14th. Finally, Cowen and Company cut their target price on Sage Therapeutics from $100.00 to $90.00 and set an outperform rating for the company in a research note on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $99.86.

Shares of Sage Therapeutics (SAGE) traded down $0.61 during mid-day trading on Thursday, reaching $96.04. The company’s stock had a trading volume of 1,750,000 shares, compared to its average volume of 524,206. Sage Therapeutics has a 12 month low of $44.55 and a 12 month high of $98.80.

Sage Therapeutics (NASDAQ:SAGE) last announced its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.97) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.98) by $0.01. The firm’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts forecast that Sage Therapeutics will post -7.34 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of SAGE. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sage Therapeutics by 11.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,378 shares of the biopharmaceutical company’s stock worth $110,000 after purchasing an additional 138 shares during the last quarter. Hershey Trust Co. acquired a new stake in shares of Sage Therapeutics during the 3rd quarter worth about $118,000. Bessemer Group Inc. acquired a new stake in shares of Sage Therapeutics during the 3rd quarter worth about $141,000. Turner Investments LLC acquired a new stake in shares of Sage Therapeutics during the 2nd quarter worth about $159,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Sage Therapeutics during the 2nd quarter worth about $167,000.

About Sage Therapeutics

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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