Zacks Investment Research Upgrades Stemline Therapeutics (STML) to “Hold”

Stemline Therapeutics (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 Friday.

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. “

Several other brokerages have also commented on STML. Cowen reaffirmed a “buy” rating on shares of Stemline Therapeutics in a research report on Tuesday, October 31st. HC Wainwright reaffirmed a “buy” rating and set a $34.00 price target on shares of Stemline Therapeutics in a research report on Tuesday, September 12th. BidaskClub lowered shares of Stemline Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, ValuEngine raised shares of Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.75.

Shares of Stemline Therapeutics (STML) traded down $0.80 during mid-day trading on Friday, reaching $15.20. 223,500 shares of the company traded hands, compared to its average volume of 256,400. Stemline Therapeutics has a 1 year low of $5.50 and a 1 year high of $16.20. The firm has a market capitalization of $404.59, a price-to-earnings ratio of -5.91 and a beta of -0.02.

In other news, COO Kenneth Hoberman sold 11,983 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $14.18, for a total value of $169,918.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.70% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC acquired a new stake in shares of Stemline Therapeutics in the second quarter worth $102,000. Nationwide Fund Advisors grew its holdings in Stemline Therapeutics by 7.2% during the 2nd quarter. Nationwide Fund Advisors now owns 12,755 shares of the biopharmaceutical company’s stock valued at $117,000 after purchasing an additional 855 shares in the last quarter. State of Wisconsin Investment Board acquired a new stake in Stemline Therapeutics during the 2nd quarter valued at $147,000. Alliancebernstein L.P. acquired a new stake in Stemline Therapeutics during the 2nd quarter valued at $178,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Stemline Therapeutics by 40.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,279 shares of the biopharmaceutical company’s stock valued at $178,000 after purchasing an additional 5,522 shares in the last quarter. 50.24% of the stock is owned by institutional investors.

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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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