SAGE Therapeutics Inc (NASDAQ:SAGE) saw some unusual options trading activity on Thursday. Traders acquired 2,163 put options on the stock. This represents an increase of approximately 1,323% compared to the typical volume of 152 put options.
Shares of SAGE opened at $105.88 on Friday. SAGE Therapeutics has a one year low of $100.75 and a one year high of $195.97. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -14.93 and a beta of 2.72.
SAGE Therapeutics (NASDAQ:SAGE) last announced its earnings results on Tuesday, November 6th. The biopharmaceutical company reported ($2.63) EPS for the quarter, missing the consensus estimate of ($2.41) by ($0.22). During the same period in the prior year, the business posted ($1.97) EPS. Sell-side analysts predict that SAGE Therapeutics will post -7.58 EPS for the current year.
Several research firms have recently weighed in on SAGE. BidaskClub upgraded shares of SAGE Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. Oppenheimer set a $170.00 price objective on shares of SAGE Therapeutics and gave the company a “buy” rating in a research report on Sunday, November 4th. Canaccord Genuity set a $220.00 price objective on shares of SAGE Therapeutics and gave the company a “buy” rating in a research report on Thursday, November 1st. Cowen restated a “buy” rating and set a $207.00 price objective on shares of SAGE Therapeutics in a research report on Thursday, November 1st. Finally, LADENBURG THALM/SH SH set a $235.00 price objective on shares of SAGE Therapeutics and gave the company a “buy” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. SAGE Therapeutics has a consensus rating of “Buy” and a consensus target price of $204.14.
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SAGE Therapeutics Company Profile
Sage Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops and commercializes novel medicines to treat central nervous system disorders. Its lead product candidate comprises brexanolone, a proprietary intravenous formulation of allopregnanolone that has completed III clinical trials for the treatment of post-partum depression (PPD).
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