Minerva Neurosciences Inc. (NERV) Trading Down 0%
Minerva Neurosciences Inc. (NASDAQ:NERV)’s share price traded down 0% during trading on Friday . The stock traded as low as $10.51 and last traded at $10.66, with a volume of 72,026 shares trading hands. The stock had previously closed at $10.66.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Minerva Neurosciences from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Group reaffirmed a “buy” rating and issued a $17.00 target price on shares of Minerva Neurosciences in a research report on Wednesday, June 8th. Finally, JMP Securities upped their target price on Minerva Neurosciences from $10.00 to $17.00 in a research report on Thursday, May 26th.
The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $6.77. The company’s market cap is $298.14 million.
Minerva Neurosciences (NASDAQ:NERV) last released its quarterly earnings results on Tuesday, May 3rd. The biopharmaceutical company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.04. On average, analysts forecast that Minerva Neurosciences Inc. will post ($1.05) EPS for the current fiscal year.
In related news, Director David Kupfer purchased 55,635 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was acquired at an average price of $10.84 per share, for a total transaction of $603,083.40. Following the purchase, the director now owns 209,188 shares of the company’s stock, valued at $2,267,597.92. The transaction was disclosed in a filing with the SEC, which is available at this link.
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 include MIN-101 for the treatment of schizophrenia; MIN-117 for the treatment of major depressive disorder (MDD); MIN-202 (also known as JNJ-42847922) for the treatment of insomnia disorder and adjunctive MDD, and MIN-301 for the treatment of Parkinson’s disease.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.