Stemline Therapeutics Inc. (STML) Stock Price Up 2.8%
Stemline Therapeutics Inc. (NASDAQ:STML) shares rose 2.8% on Tuesday . The stock traded as high as $10.15 and last traded at $10.06, with a volume of 137,418 shares. The stock had previously closed at $9.79.
STML has been the topic of several recent research reports. Roth Capital restated a “buy” rating and set a $32.00 target price on shares of Stemline Therapeutics in a report on Thursday, August 25th. Wedbush restated an “outperform” rating and set a $15.00 target price on shares of Stemline Therapeutics in a report on Tuesday, August 23rd. Jefferies Group restated a “buy” rating on shares of Stemline Therapeutics in a report on Friday, August 5th. Finally, Zacks Investment Research cut Stemline Therapeutics from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stemline Therapeutics has a consensus rating of “Buy” and a consensus target price of $19.31.
The company’s 50-day moving average price is $8.15 and its 200-day moving average price is $6.73. The firm’s market cap is $179.68 million.
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Stemline Therapeutics (NASDAQ:STML) last announced its quarterly earnings data on Thursday, August 4th. The biopharmaceutical company reported ($0.52) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.55) by $0.03. Stemline Therapeutics had a negative net margin of 4,419.18% and a negative return on equity of 44.59%. On average, equities analysts anticipate that Stemline Therapeutics Inc. will post ($2.11) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of STML. Paradigm Asset Management Co. LLC bought a new position in shares of Stemline Therapeutics during the second quarter worth about $141,000. State Street Corp boosted its position in shares of Stemline Therapeutics by 1.9% in the second quarter. State Street Corp now owns 220,768 shares of the biopharmaceutical company’s stock worth $1,493,000 after buying an additional 4,197 shares during the period. Rhumbline Advisers boosted its position in shares of Stemline Therapeutics by 20.9% in the second quarter. Rhumbline Advisers now owns 26,260 shares of the biopharmaceutical company’s stock worth $178,000 after buying an additional 4,538 shares during the period. Franklin Resources Inc. boosted its position in shares of Stemline Therapeutics by 11.8% in the second quarter. Franklin Resources Inc. now owns 2,102,200 shares of the biopharmaceutical company’s stock worth $14,232,000 after buying an additional 222,170 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Stemline Therapeutics by 6.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 187,428 shares of the biopharmaceutical company’s stock worth $1,269,000 after buying an additional 11,292 shares during the period. 52.42% of the stock is owned by institutional investors.
Stemline Therapeutics Company Profile
Stemline Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on discovering, acquiring, developing and commercializing oncology therapeutics. The Company is developing approximately three clinical stage product candidates, including SL-401, SL-701 and SL-801. SL-401 is a targeted therapy directed to the interleukin-3 receptor (IL-3R) (CD123), present on a range of hematologic cancers.
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