Axsome Therapeutics, Inc. Expected to Earn Q1 2024 Earnings of $0.57 Per Share (NASDAQ:AXSM)

Axsome Therapeutics, Inc. (NASDAQ:AXSM – Get Rating) – Analysts at William Blair issued their Q1 2024 EPS estimates for shares of Axsome Therapeutics in a research report issued on Monday, May 2nd. William Blair analyst M. Minter expects that the company will post earnings of $0.57 per share for the quarter.

Axsome Therapeutics (NASDAQ:AXSM – Get Rating) last announced its earnings results on Monday, May 2nd. The company reported ($1.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.00) by ($0.03). During the same period in the previous year, the business earned ($0.78) earnings per share.

A number of other brokerages have also recently issued reports on AXSM. SVB Leerink cut their target price on Axsome Therapeutics from $65.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research cut Axsome Therapeutics from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Friday, March 4th. StockNews.com began coverage on Axsome Therapeutics in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Mizuho cut their target price on Axsome Therapeutics from $51.00 to $49.00 in a report on Tuesday. Finally, Jefferies Financial Group increased their target price on Axsome Therapeutics from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Axsome Therapeutics currently has an average rating of “Buy” and an average target price of $80.58.

Axsome Therapeutics stock opened at $35.84 on Wednesday. Axsome Therapeutics has a 52-week low of $19.38 and a 52-week high of $74.10. The stock’s 50 day moving average price is $35.19 and its two-hundred day moving average price is $34.48. The company has a debt-to-equity ratio of 3.14, a quick ratio of 3.75 and a current ratio of 3.75.

A number of institutional investors and hedge funds have recently made changes to their positions in AXSM. Atticus Wealth Management LLC bought a new position in Axsome Therapeutics in the 3rd quarter worth about $30,000. Tortoise Investment Management LLC bought a new position in Axsome Therapeutics in the 4th quarter worth about $49,000. Nisa Investment Advisors LLC boosted its stake in Axsome Therapeutics by 324.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,078 shares of the company’s stock worth $57,000 after purchasing an additional 1,588 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Axsome Therapeutics in the 1st quarter worth about $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Axsome Therapeutics by 27.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,827 shares of the company’s stock worth $158,000 after purchasing an additional 831 shares during the period. 48.46% of the stock is owned by institutional investors.

Axsome Therapeutics Company Profile (Get Rating)

Axsome Therapeutics, Inc, a biopharmaceutical company, engages in the development of novel therapies for central nervous system (CNS) disorders in the United States. The company's product pipeline includes AXS-05, a therapeutic for the treatment of major depressive disorder and resistant depression disorders; and that is in the Phase III clinical trial to treat Alzheimer's disease agitation, as well as that has completed phase II clinical trial for the treatment of smoking cessation.

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