Investing in Sage Therapeutics Inc. (SAGE) Is Getting More Attractive


Sage Therapeutics Inc.’s recent filing unveils that its Director Golumbeski George acquired Company’s shares for reported $0.25 million on May 05. In the deal valued at $31.45 per share,8,000 shares were bought. As a result of this transaction, Golumbeski George now holds 8,000 shares worth roughly $ 0.28 million.

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Loop Capital initiated its Sage Therapeutics Inc. [SAGE] rating to a Hold in a research note published on Friday, November 01, 2022; the price target was $41. PT values the company’s stock at a premium of 15.17 to its Friday closing price. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in late March with a ‘”a Hold”‘ rating. Guggenheim also remained covering SAGE and has increased its forecast on November 02, 2021 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of SAGE

On Friday, Sage Therapeutics Inc. [NASDAQ:SAGE] saw its stock fall -5.05% to $34.78. On the same session, the stock had its day’s lowest price of $34.015, but rose to a high of $36.75. Over the last five days, the stock has lost -9.00%. Sage Therapeutics Inc. shares have fallen nearly -18.24% since the year began. Nevertheless, the stocks have fallen -25.48% over the past one year. While a 52-week high of $47.75 was reached on 02/09/22, a 52-week low of $27.36 was recorded on 05/09/22. SMA at 50 days reached $38.91, while 200 days put it at $36.46. A total of 0.56 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For SAGE Stock

The 24-hour chart illustrates a support level at 33.61, which if violated will result in even more drops to 32.45. On the upside, there is a resistance level at 36.35. A further resistance level may holdings at 37.92. The Relative Strength Index (RSI) on the 14-day chart is 35.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.67%. Stochastics %K at 30.48% indicates the stock is a holding.

How much short interest is there in Sage Therapeutics Inc.?

A steep rise in short interest was recorded in Sage Therapeutics Inc. stocks on Jul 14, 2022, growing by 0.44 million shares to a total of 3.56 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.12 million shares. There was a rise of 12.36%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.34.

Sage Therapeutics Inc. [SAGE] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 5,977,078 shares, or roughly 10.06% of the outstanding SAGE shares. In other words, the investor’s shares have risen by 345,566 from its previous 13-F filing of 5631512.0. Additionally, Wellington Management Co. LLP decreased -32.10% of its stake after which the total value it holdings stand at $185,995,237, while The Vanguard Group, Inc. added 2.11% of its stake to hold $182.36 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,368,312 shares of Sage Therapeutics Inc., while Bellevue Asset Management AG bought -79,226 shares. At present, SSgA Funds Management, Inc. is holding 2,934,064 shares valued at $114.9 million. T. Rowe Price Associates, Inc. owned 2,077,534 shares of the company at the time of its most recent 13F filing, worth $81.36 million.


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