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

About Sage Therapeutics, Inc. (NASDAQ:SAGE). Nicholas Prtn L P invested 0.43% of its portfolio in Sage Therapeutics, Inc.

On the heels of this "unequivocally positive" breakthrough for the company's depression asset, the analyst maintains a Buy on SAGE stock while meaningfully boosting the price target from $140 up to $191, which implies a almost 18% upside from current levels.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. State of Wisconsin Investment Board acquired a new position in Sage Therapeutics during the second quarter valued at approximately $1,991,000. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. Needham maintained the shares of SAGE in report on Tuesday, September 12 with "Buy" rating. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. On average, equities analysts anticipate that SAGE Therapeutics will post ($6.70) earnings per share for the current year. The stock decreased 0.70% or $0.0099 during the last trading session, reaching $1.4101. HC Wainwright lowered SAGE Therapeutics from a buy rating to a neutral rating and increased their price target for the stock from $56.00 to $76.00 in a report on Wednesday, February 22nd. Therefore 88% are positive. Raymond James upgraded Sage Therapeutics, Inc. Cowen & Co maintained it with "Buy" rating and $135.0 target in Thursday, November 9 report. The stock was sold at an average price of $14.31, for a total value of $52,760.97. It has outperformed by 99.75% the S&P500. Out of 11 analysts polled in the last 3 months, all 11 are bullish on SAGE stock. (NASDAQ:SAGE) on Friday, November 10 to "Buy" rating. The firm has "Buy" rating given on Thursday, November 2 by RBC Capital Markets. BMO Capital Markets initiated Sage Therapeutics, Inc. Leerink Swann maintained the stock with "Buy" rating in Tuesday, September 12 report. (NASDAQ:SAGE) on Wednesday, June 29 with "Outperform" rating. On Tuesday, September 12 the stock rating was maintained by Cowen & Co with "Buy". Sage Therapeutics, Inc. (NASDAQ:SAGE) has risen 116.45% since December 7, 2016 and is uptrending. Protagonist Therapeutics Inc has a one year low of $8.00 and a one year high of $26.00. "(SAGE) Is Soaring To A New High On Study Results" on December 07, 2017. (NASDAQ:SAGE) news were published by: Nasdaq.com which released: "Mid-Day Market Update: Duluth Holdings Drops Following Q3 Results; SAGE ..." on December 07, 2017, also Cnbc.com with their article: "Sage Therapeutics shares soar after postpartum depression drug meets main goal" published on November 09, 2017, Businesswire.com published: "Sage Therapeutics Announces Inducement Grants Under NASDAQ Listing Rule 5635 (c)(4)" on December 04, 2017. The company has market cap of $22.06 million.

"If successfully developed, SAGE-217 has the potential to offer the first truly new mechanism of action in the pharmacologic treatment of depression in more than 20 years", said Steve Kanes, chief medical officer of Sage Therapeutics. Leerink Swann maintained Sage Therapeutics, Inc.

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Sage Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops and commercializes novel medicines to treat central nervous system disorders. It now has negative earnings.

SAGE Therapeutics Inc (NASDAQ:SAGE) is roaring up almost 77% through the market ceiling after a massively successful Phase 2 read-out in major depressive disorder (MDD), earning a new shot of confidence from an already positive bull on the Street.

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