Ari Maizel Sells 7,500 Shares of Axsome Therapeutics (NASDAQ:AXSM) Stock

Axsome Therapeutics, Inc. (NASDAQ:AXSMGet Free Report) insider Ari Maizel sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $184.44, for a total value of $1,383,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Axsome Therapeutics Stock Down 0.5%

AXSM opened at $185.96 on Friday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.57 and a quick ratio of 1.50. The business has a 50 day simple moving average of $159.39 and a 200-day simple moving average of $133.27. The stock has a market capitalization of $9.37 billion, a P/E ratio of -39.82, a P/E/G ratio of 9.80 and a beta of 0.44. Axsome Therapeutics, Inc. has a 12 month low of $86.99 and a 12 month high of $191.50.

Axsome Therapeutics (NASDAQ:AXSMGet Free Report) last announced its quarterly earnings data on Monday, November 3rd. The company reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.12). The business had revenue of $170.99 million for the quarter, compared to analyst estimates of $162.96 million. Axsome Therapeutics had a negative return on equity of 277.31% and a negative net margin of 40.90%.The firm’s revenue was up 63.2% compared to the same quarter last year. On average, equities analysts anticipate that Axsome Therapeutics, Inc. will post -2.79 earnings per share for the current fiscal year.

Key Axsome Therapeutics News

Here are the key news stories impacting Axsome Therapeutics this week:

Analyst Upgrades and Downgrades

AXSM has been the topic of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $220.00 price objective on shares of Axsome Therapeutics in a report on Wednesday, December 31st. Wells Fargo & Company boosted their price target on Axsome Therapeutics from $157.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Piper Sandler raised their price objective on Axsome Therapeutics from $148.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. UBS Group lifted their price objective on Axsome Therapeutics from $163.00 to $248.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, HC Wainwright upped their target price on Axsome Therapeutics from $200.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Nineteen investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.17.

Read Our Latest Report on AXSM

Institutional Trading of Axsome Therapeutics

A number of large investors have recently made changes to their positions in AXSM. Versant Capital Management Inc increased its position in Axsome Therapeutics by 20,300.0% during the 3rd quarter. Versant Capital Management Inc now owns 204 shares of the company’s stock worth $25,000 after purchasing an additional 203 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Axsome Therapeutics during the 3rd quarter worth about $34,000. Optiver Holding B.V. boosted its stake in shares of Axsome Therapeutics by 82.3% during the 3rd quarter. Optiver Holding B.V. now owns 288 shares of the company’s stock worth $35,000 after purchasing an additional 130 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Axsome Therapeutics during the third quarter worth about $38,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Axsome Therapeutics during the third quarter worth about $40,000. Institutional investors and hedge funds own 81.49% of the company’s stock.

Axsome Therapeutics Company Profile

(Get Free Report)

Axsome Therapeutics, Inc is a clinical-stage biopharmaceutical company dedicated to developing novel therapies for central nervous system (CNS) disorders. The company focuses on small-molecule drugs designed to address unmet medical needs in areas such as depression, migraine, narcolepsy and fibromyalgia. Axsome employs a precision medicine approach, leveraging pharmacologic innovation to target underlying mechanisms of disease and improve patient outcomes.

Axsome’s pipeline includes several late-stage and approved product candidates.

Read More

Insider Buying and Selling by Quarter for Axsome Therapeutics (NASDAQ:AXSM)

Receive News & Ratings for Axsome Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axsome Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.