Jefferies Group LLC Reaffirms “Buy” Rating for Stemline Therapeutics Inc (STML)
Stemline Therapeutics Inc (NASDAQ:STML)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They presently have a $16.00 target price on the biopharmaceutical company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 89.35% from the company’s current price.
A number of other research analysts have also commented on the company. Zacks Investment Research raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. HC Wainwright reissued a “buy” rating on shares of Stemline Therapeutics in a report on Monday, May 15th. Cowen and Company reissued a “buy” rating on shares of Stemline Therapeutics in a report on Friday, May 12th. Wedbush raised their price target on Stemline Therapeutics from $33.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Finally, Ladenburg Thalmann Financial Services set a $41.00 price target on Stemline Therapeutics and gave the company a “buy” rating in a report on Monday, March 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $29.17.
Shares of Stemline Therapeutics (NASDAQ:STML) traded up 1.20% during trading on Thursday, hitting $8.45. 108,522 shares of the stock were exchanged. The firm has a 50 day moving average of $8.45 and a 200-day moving average of $9.76. Stemline Therapeutics has a 12-month low of $5.50 and a 12-month high of $14.60. The company’s market cap is $197.53 million.
Stemline Therapeutics (NASDAQ:STML) last issued its earnings results on Wednesday, May 10th. The biopharmaceutical company reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.22. Stemline Therapeutics had a negative return on equity of 50.06% and a negative net margin of 4,058.44%. The company had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.30 million. On average, analysts forecast that Stemline Therapeutics will post ($2.26) earnings per share for the current year.
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In related news, CEO Ivan Bergstein sold 17,980 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $6.99, for a total value of $125,680.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth Hoberman sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $6.99, for a total value of $56,108.73. The disclosure for this sale can be found here. Insiders sold a total of 47,493 shares of company stock valued at $331,676 in the last quarter. 16.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Stemline Therapeutics by 7.8% in the first quarter. Nationwide Fund Advisors now owns 11,900 shares of the biopharmaceutical company’s stock worth $102,000 after buying an additional 858 shares during the last quarter. Perceptive Advisors LLC acquired a new stake in shares of Stemline Therapeutics during the fourth quarter worth approximately $115,000. Wells Fargo & Company MN raised its stake in shares of Stemline Therapeutics by 3.8% in the first quarter. Wells Fargo & Company MN now owns 13,647 shares of the biopharmaceutical company’s stock worth $117,000 after buying an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Stemline Therapeutics during the first quarter worth approximately $120,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of 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 worth $136,000 after buying an additional 11,300 shares during the last quarter. Hedge funds and other institutional investors own 37.76% of the company’s stock.
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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