Stemline Therapeutics (STML) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Stemline Therapeutics (NASDAQ:STML) from a sell rating to a hold rating in a research note published 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. “
A number of other brokerages have also recently issued reports on STML. Cowen reissued a buy rating on shares of Stemline Therapeutics in a research note on Tuesday, October 31st. HC Wainwright reaffirmed a buy rating and set a $34.00 target price on shares of Stemline Therapeutics in a research note on Tuesday, September 12th. BidaskClub cut shares of Stemline Therapeutics from a buy rating to a hold rating in a research note on Thursday, December 7th. Finally, ValuEngine raised shares of Stemline Therapeutics from a sell rating to a hold rating in a research note on Sunday, December 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $33.75.
Stemline Therapeutics (NASDAQ STML) opened at $14.65 on Friday. The stock has a market cap of $384.36, a P/E ratio of -5.70 and a beta of -0.02. Stemline Therapeutics has a one year low of $5.50 and a one year high of $16.20.
In other Stemline Therapeutics news, COO Kenneth Hoberman sold 11,943 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $14.18, for a total transaction of $169,351.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. C WorldWide Group Holding A S bought a new stake in shares of Stemline Therapeutics during the third quarter worth $1,776,000. Northern Trust Corp grew its stake in shares of Stemline Therapeutics by 18.0% during the second quarter. Northern Trust Corp now owns 274,824 shares of the biopharmaceutical company’s stock worth $2,529,000 after buying an additional 41,898 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Stemline Therapeutics by 74.9% during the second quarter. Dimensional Fund Advisors LP now owns 120,477 shares of the biopharmaceutical company’s stock worth $1,108,000 after buying an additional 51,578 shares during the last quarter. Lyon Street Capital LLC grew its stake in shares of Stemline Therapeutics by 331.1% during the third quarter. Lyon Street Capital LLC now owns 541,462 shares of the biopharmaceutical company’s stock worth $6,010,000 after buying an additional 415,867 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Stemline Therapeutics by 4.7% during the second quarter. Vanguard Group Inc. now owns 863,768 shares of the biopharmaceutical company’s stock worth $7,946,000 after buying an additional 38,615 shares during the last quarter. 50.24% of the stock is currently 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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