H.C. Wainwright analyst Douglas Tsao reiterated a Hold rating on SAGE Therapeutics (SAGE) today and set a price target of $81.00. The company’s shares closed last Thursday at $78.11.
According to TipRanks.com, Tsao is a 5-star analyst with an average return of 13.0% and a 53.5% success rate. Tsao covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Protagonist Therapeutics, and Minerva Neurosciences.
Currently, the analyst consensus on SAGE Therapeutics is a Strong Buy with an average price target of $81.71, an 8.2% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Hold rating on the stock with a $77.00 price target.
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Based on SAGE Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.09 million and GAAP net loss of $136 million. In comparison, last year the company earned revenue of $873K and had a GAAP net loss of $168 million.
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SAGE Therapeutics, Inc. is a 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.