Shares of Minerva Neurosciences, Inc (NASDAQ:NERV) have received a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.00.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of Minerva Neurosciences from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. ValuEngine lowered shares of Minerva Neurosciences from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered shares of Minerva Neurosciences from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th.
Minerva Neurosciences (NASDAQ:NERV) opened at $6.60 on Monday. Minerva Neurosciences has a 1 year low of $4.80 and a 1 year high of $11.15. The company has a market cap of $270.90, a PE ratio of -5.89 and a beta of 1.53.
Minerva Neurosciences (NASDAQ:NERV) last released its quarterly earnings results on Monday, November 6th. The biopharmaceutical company reported ($0.28) EPS for the quarter. During the same period last year, the company earned ($0.24) EPS. equities analysts predict that Minerva Neurosciences will post -1.28 EPS for the current fiscal year.
In other Minerva Neurosciences news, CFO Geoff Race sold 5,829 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $5.79, for a total transaction of $33,749.91. Following the sale, the chief financial officer now directly owns 197,698 shares in the company, valued at $1,144,671.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 12,590 shares of company stock worth $73,073. 21.60% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in NERV. FMR LLC grew its stake in Minerva Neurosciences by 13.7% during the second quarter. FMR LLC now owns 5,660,794 shares of the biopharmaceutical company’s stock worth $50,098,000 after buying an additional 680,000 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Minerva Neurosciences during the third quarter worth about $2,835,000. EcoR1 Capital LLC acquired a new stake in Minerva Neurosciences during the second quarter worth about $1,981,000. DAFNA Capital Management LLC grew its stake in Minerva Neurosciences by 172.7% during the second quarter. DAFNA Capital Management LLC now owns 276,317 shares of the biopharmaceutical company’s stock worth $2,445,000 after buying an additional 175,000 shares in the last quarter. Finally, Sphera Funds Management LTD. grew its stake in Minerva Neurosciences by 31.9% during the third quarter. Sphera Funds Management LTD. now owns 625,000 shares of the biopharmaceutical company’s stock worth $4,750,000 after buying an additional 151,231 shares in the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.
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Minerva Neurosciences Company Profile
Minerva Neurosciences, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of a portfolio of product candidates to treat patients suffering from central nervous system (CNS) diseases. The Company’s product portfolio and indications include MIN-101 for the treatment of schizophrenia; MIN-202, for the treatment of insomnia disorder and major depressive disorder (MDD); MIN-117, for the treatment of MDD, and MIN-301 for the treatment of Parkinson’s disease.
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