Nick Pizzie Purchases 1,920 Shares of Axsome Therapeutics Inc (NASDAQ:AXSM) Stock

Axsome Therapeutics Inc (NASDAQ:AXSM) CFO Nick Pizzie acquired 1,920 shares of the stock in a transaction dated Tuesday, June 11th. The shares were bought at an average cost of $20.80 per share, for a total transaction of $39,936.00. Following the completion of the transaction, the chief financial officer now owns 1,920 shares in the company, valued at $39,936. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Nick Pizzie also recently made the following trade(s):

  • On Tuesday, March 19th, Nick Pizzie acquired 5,400 shares of Axsome Therapeutics stock. The shares were bought at an average cost of $12.58 per share, for a total transaction of $67,932.00.

AXSM traded down $0.22 on Friday, hitting $22.73. 9,289 shares of the company’s stock traded hands, compared to its average volume of 1,256,763. The company has a market capitalization of $762.47 million, a PE ratio of -19.93 and a beta of 2.78. Axsome Therapeutics Inc has a one year low of $1.94 and a one year high of $26.45. The company has a current ratio of 5.68, a quick ratio of 5.68 and a debt-to-equity ratio of 1.08.

Axsome Therapeutics (NASDAQ:AXSM) last issued its earnings results on Thursday, May 9th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.01). Equities research analysts predict that Axsome Therapeutics Inc will post -1.29 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alethea Capital Management LLC raised its stake in Axsome Therapeutics by 25.5% during the 1st quarter. Alethea Capital Management LLC now owns 1,140,394 shares of the company’s stock valued at $16,228,000 after purchasing an additional 231,965 shares during the period. BlackRock Inc. raised its stake in Axsome Therapeutics by 626.9% during the 1st quarter. BlackRock Inc. now owns 465,587 shares of the company’s stock valued at $6,625,000 after purchasing an additional 401,538 shares during the period. Millennium Management LLC bought a new stake in Axsome Therapeutics during the 4th quarter valued at approximately $871,000. Laurion Capital Management LP bought a new stake in Axsome Therapeutics during the 1st quarter valued at approximately $3,116,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Axsome Therapeutics during the 1st quarter valued at approximately $1,771,000. 44.22% of the stock is currently owned by institutional investors.

AXSM has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on Axsome Therapeutics from $16.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. BidaskClub cut Axsome Therapeutics from a “sell” rating to a “strong sell” rating in a research report on Sunday, March 3rd. SunTrust Banks initiated coverage on Axsome Therapeutics in a research report on Tuesday, May 28th. They set a “buy” rating on the stock. HC Wainwright set a $15.00 price objective on Axsome Therapeutics and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Svb Leerink initiated coverage on Axsome Therapeutics in a research report on Monday, April 8th. They set an “outperform” rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.83.

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About Axsome Therapeutics

Axsome Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in developing novel therapies for central nervous system (CNS) disorders in the United States. Its product pipeline includes AXS-05, which is in the Phase III clinical trial for the treatment resistant depression; Phase II/III clinical trials in agitation associated with Alzheimer's disease; and Phase II clinical trial for the treatment of smoking cessation, as well as for major depressive disorder.

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