StockNews.com Begins Coverage on Minerva Neurosciences (NASDAQ:NERV)

StockNews.com initiated coverage on shares of Minerva Neurosciences (NASDAQ:NERV) in a research note released on Wednesday. The brokerage issued a sell rating on the biopharmaceutical company’s stock.

Separately, HC Wainwright decreased their price objective on shares of Minerva Neurosciences from $7.00 to $5.00 and set a neutral rating for the company in a research note on Wednesday, August 7th.

Minerva Neurosciences Stock Down 1.9 %

Shares of NASDAQ NERV opened at $2.61 on Wednesday. The stock has a market capitalization of $18.25 million, a PE ratio of -0.58 and a beta of 0.14. The firm has a fifty day moving average of $2.73 and a 200-day moving average of $2.80. Minerva Neurosciences has a 52-week low of $2.26 and a 52-week high of $13.49.

Minerva Neurosciences (NASDAQ:NERV) last released its quarterly earnings data on Tuesday, August 6th. The biopharmaceutical company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.97) by ($0.12). Equities research analysts expect that Minerva Neurosciences will post -2.26 EPS for the current fiscal year.

Minerva Neurosciences Company Profile

Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases. Its lead product candidate is roluperidone (MIN-101) for the treatment of negative symptoms in patients with schizophrenia, currently submitted an New Drug Application (NDA); and MIN-301, a soluble recombinant form of the neuregulin-1b1 protein for the treatment of Parkinson's disease and other neurodegenerative disorders.