Stemline Therapeutics (NASDAQ:STML) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.
Other analysts have also issued reports about the company. HC Wainwright set a $38.00 target price on Stemline Therapeutics and gave the stock a “buy” rating in a research report on Thursday, December 14th. Cowen reaffirmed a “buy” rating on shares of Stemline Therapeutics in a research report on Tuesday, October 31st. Zacks Investment Research raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Finally, ValuEngine raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Stemline Therapeutics presently has a consensus rating of “Buy” and an average price target of $33.75.
Shares of Stemline Therapeutics (STML) traded up $0.15 during midday trading on Friday, hitting $13.55. The stock had a trading volume of 108,486 shares, compared to its average volume of 176,674. Stemline Therapeutics has a twelve month low of $5.50 and a twelve month high of $16.20.
In related news, insider David Gionco sold 4,250 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $13.43, for a total value of $57,077.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kenneth Hoberman sold 11,983 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $14.18, for a total value of $169,918.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,216 shares of company stock worth $591,925. Corporate insiders own 16.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC bought a new stake in Stemline Therapeutics in the second quarter valued at about $102,000. Nationwide Fund Advisors increased its holdings in Stemline Therapeutics by 7.2% in the second quarter. Nationwide Fund Advisors now owns 12,755 shares of the biopharmaceutical company’s stock valued at $117,000 after buying an additional 855 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Stemline Therapeutics by 40.1% in the second quarter. The Manufacturers Life Insurance Company now owns 19,279 shares of the biopharmaceutical company’s stock valued at $178,000 after buying an additional 5,522 shares during the last quarter. Alliancebernstein L.P. bought a new stake in Stemline Therapeutics in the second quarter valued at about $178,000. Finally, Rhumbline Advisers increased its holdings in Stemline Therapeutics by 18.5% in the second quarter. Rhumbline Advisers now owns 27,358 shares of the biopharmaceutical company’s stock valued at $252,000 after buying an additional 4,280 shares during the last quarter. 50.24% of the stock is owned by hedge funds and other institutional investors.
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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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