Stemline Therapeutics Inc (STML) Upgraded by Zacks Investment Research to Hold
Stemline Therapeutics Inc (NASDAQ:STML) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
According to Zacks, “Stemline Therapeutics, Inc. is a biopharmaceutical company developing oncology therapeutics that target cancer stem cells and tumor bulk. The company is developing SL-401, a biologic-drug conjugate, for relapsed or refractory acute myeloid leukemia; and SL-701, a synthetic peptide vaccine, for pediatric and adult high-grade gliomas. Stemline Therapeutics, Inc. is based in New York. “
Other research analysts have also recently issued reports about the company. Cowen and Company reaffirmed a “buy” rating on shares of Stemline Therapeutics in a research report on Friday, May 12th. HC Wainwright reiterated a “buy” rating on shares of Stemline Therapeutics in a research note on Monday, May 15th. Wedbush dropped their price objective on Stemline Therapeutics from $19.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, February 6th. Jefferies Group LLC set a $16.00 price objective on Stemline Therapeutics and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stemline Therapeutics in a research note on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $29.17.
Stemline Therapeutics (NASDAQ:STML) opened at 8.35 on Friday. Stemline Therapeutics has a 52-week low of $5.50 and a 52-week high of $14.60. The firm’s market capitalization is $195.19 million. The stock’s 50 day moving average is $8.44 and its 200-day moving average is $9.86.
Stemline Therapeutics (NASDAQ:STML) last posted its quarterly earnings data on Wednesday, May 10th. The biopharmaceutical company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.45) by $0.22. Stemline Therapeutics had a negative net margin of 4,058.44% and a negative return on equity of 50.06%. The business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.30 million. Equities analysts expect that Stemline Therapeutics will post ($2.26) earnings per share for the current year.
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In other news, CEO Ivan Bergstein sold 17,980 shares of Stemline Therapeutics stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $6.99, for a total transaction of $125,680.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Kenneth Hoberman sold 4,000 shares of Stemline Therapeutics stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $6.97, for a total value of $27,880.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,493 shares of company stock worth $331,676. Company insiders own 16.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in Stemline Therapeutics by 7.8% in the first quarter. Nationwide Fund Advisors now owns 11,900 shares of the biopharmaceutical company’s stock valued at $102,000 after buying an additional 858 shares during the period. Perceptive Advisors LLC purchased a new stake in Stemline Therapeutics during the fourth quarter valued at about $115,000. Wells Fargo & Company MN increased its stake in Stemline Therapeutics by 3.8% in the first quarter. Wells Fargo & Company MN now owns 13,647 shares of the biopharmaceutical company’s stock valued at $117,000 after buying an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Stemline Therapeutics during the first quarter valued at about $120,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Stemline Therapeutics by 810.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,694 shares of the biopharmaceutical company’s stock valued at $136,000 after buying an additional 11,300 shares during the period. 37.76% of the stock is currently owned by hedge funds and other institutional investors.
About Stemline Therapeutics
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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