Sage Therapeutics, Inc.

Equities

SAGE

US78667J1088

Biotechnology & Medical Research

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
13.69 ^USD	+0.81%		+2.70%	-36.83%

Apr. 25	Truist Securities Cuts Sage Therapeutics' Price Target to $18 From $22, Hold Rating Maintained	MT
Apr. 25	Transcript : Sage Therapeutics, Inc., Q1 2024 Earnings Call, Apr 25, 2024

Sage Therapeutics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 07, 2023 at 07:01 am EST

Sage Therapeutics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 2.72 million compared to USD 1.74 million a year ago. Net loss was USD 201.63 million compared to USD 137.32 million a year ago. Basic loss per share from continuing operations was USD 3.37 compared to USD 2.31 a year ago.
For the nine months, revenue was USD 8.48 million compared to USD 4.82 million a year ago. Net loss was USD 508.78 million compared to USD 385.64 million a year ago. Basic loss per share from continuing operations was USD 8.51 compared to USD 6.51 a year ago.

Latest news about Sage Therapeutics, Inc.

Truist Securities Cuts Sage Therapeutics' Price Target to $18 From $22, Hold Rating Maintained	Apr. 25	MT
Transcript : Sage Therapeutics, Inc., Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Earnings Flash (SAGE) SAGE THERAPEUTICS Reports Q1 Revenue $7.9M, vs. Street Est of $5.2M	Apr. 25	MT
Sage Therapeutics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
TD Cowen Cuts Sage Therapeutics Price Target to $16 From $30, Maintains Buy Rating	Apr. 18	MT
Scotiabank Cuts Price Target on Sage Therapeutics to $19 From $34, Maintains Sector Outperform Rating	Apr. 18	MT
Oppenheimer Adjusts Sage Therapeutics Price Target to $17 From $25, Maintains Perform Rating	Apr. 18	MT
Top Midday Decliners	Apr. 17	MT
BofA Securities Downgrades Sage Therapeutics to Underperform From Neutral, Adjusts Price Target to $14 From $24	Apr. 17	MT
Sector Update: Health Care Stocks Advance Premarket Wednesday	Apr. 17	MT
Sector Update: Health Care	Apr. 17	MT
Earnings Focus Lifts Exchange-Traded Funds, Equity Futures Pre-Bell Wednesday	Apr. 17	MT
Transcript : Sage Therapeutics, Inc. - Special Call	Apr. 17
Top Premarket Decliners	Apr. 17	MT
Sage Therapeutics' Phase 2 Study of Dalzanemdor Fails to Meet Primary Endpoint	Apr. 17	MT
Sage Therapeutics, Inc. Announces Topline Results from Phase 2 PRECEDENT Study of DalzanemDor (SAGE-718) in the Treatment of Mild Cognitive Impairment in Parkinson's Disease	Apr. 17	CI
JPMorgan Raises Price Target on Sage Therapeutics to $29 From $24, Maintains Overweight Rating	Mar. 26	MT
Sage Therapeutics, Inc. Announces the Retirement of Steven Paul from the Board	Mar. 26	CI
Deutsche Bank Adjust Sage Therapeutics Price Target to $18 From $21, Maintains Hold Rating	Feb. 15	MT
Oppenheimer Adjusts Sage Therapeutics Price Target to $25 From $23, Maintains Perform Rating	Feb. 15	MT
RBC Raises PT on Sage Therapeutics to $26 From $21, Says Early Metrics From Zurzuvae Launch Suggest Promising Signs; Keeps Sector Perform, Speculative Risk	Feb. 15	MT
Sector Update: Health Care Stocks Edge Higher Premarket Wednesday	Feb. 14	MT
Sage Therapeutics Q4 Net Loss Narrows, Net Product Revenue Declines	Feb. 14	MT
Transcript : Sage Therapeutics, Inc., Q4 2023 Earnings Call, Feb 14, 2024	Feb. 14
Sage Therapeutics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 14	CI

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Company Profile

Sage Therapeutics, Inc. is a biopharmaceutical company. The Company has developed the two FDA-approved treatments indicated for postpartum depression and is advancing a robust pipeline to target unmet needs in brain health. The Company is targeting diseases and disorders of the brain across its clinical development and earlier stage pipeline. Its product ZURZUVAE is for the treatment of postpartum depression (PPD) in adults. ZURZUVAE is a neuroactive steroid that is a positive allosteric modulator of GABA receptors, targeting both synaptic and extra synaptic GABA receptors. Its product ZULRESSO (brexanolone) CIV injection is for the treatment of PPD in individuals 15 years old and older. It is also developing a portfolio of other novel compounds that target GABA receptors, including SAGE-324, which is a novel GABAA receptor positive allosteric modulator intended for chronic oral dosing. Its second area of focus for development is novel compounds that target the NMDA receptor.

Sector

Biotechnology & Medical Research

Calendar

2024-05-13 - RBC Capital Markets Global Healthcare Conference

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Russell 2000

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Ratings for Sage Therapeutics, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

13.69 USD

Average target price

22.22 USD

Spread / Average Target

+62.32%

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Company calendar

Sector Bio Therapeutic Drugs

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Bio Therapeutic Drugs