In a report released yesterday, Cory Kasimov from J.P. Morgan maintained a Buy rating on SAGE Therapeutics (SAGE – Research Report). The company’s shares closed last Monday at $74.77, close to its 52-week low of $56.50.
According to TipRanks.com, Kasimov is a 4-star analyst with an average return of 6.1% and a 47.0% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Global Blood Therapeutics, and Alexion Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SAGE Therapeutics with a $110.94 average price target, representing a 42.9% upside. In a report issued on January 7, Merrill Lynch also maintained a Buy rating on the stock with a $98.00 price target.
The company has a one-year high of $193.56 and a one-year low of $56.50. Currently, SAGE Therapeutics has an average volume of 1.03M.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAGE in relation to earlier this year. Most recently, in December 2019, Kimi Iguchi, the CFO & Treasurer of SAGE bought 15,500 shares for a total of $21,080.
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SAGE Therapeutics, Inc. operates as clinical stage biopharmaceutical company, which engages in the development and commercialization of novel medicines to treat life-altering central nervous system. Its programs include brexanolone, which is an acute interventional treatment for postpartum depression; and SAGE-217, an oral therapy for treatment of various CNS disorders. The company was founded by Steven Marc Paul and Douglas Covey in April 2010 and is headquartered in Cambridge, MA.