Strongbridge Biopharma PLC (NASDAQ:SBBP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Strongbridge Biopharma PLC is a biopharmaceutical company which develops, acquires and commercializes product candidates that target rare diseases. Its product candidate consists of COR-003, is a cortisol inhibitor, for the treatment of endogenous Cushing’s syndrome, COR-004 and COR-005 to treat acromegaly, BP-2001, the treatment of diabetes which are in different clinical trial. Strongbridge Biopharma PLC is based in Trevose, Pennsylvania. “

SBBP has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating on shares of Strongbridge Biopharma PLC in a research report on Wednesday, May 17th. ValuEngine upgraded shares of Strongbridge Biopharma PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th.

Shares of Strongbridge Biopharma PLC (SBBP) opened at 6.85 on Thursday. The firm’s market cap is $242.04 million. Strongbridge Biopharma PLC has a 52-week low of $2.00 and a 52-week high of $8.85. The company’s 50-day moving average is $6.76 and its 200 day moving average is $4.58.

Strongbridge Biopharma PLC (NASDAQ:SBBP) last released its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.34) EPS for the quarter, meeting the consensus estimate of ($0.34). The business had revenue of $1.53 million during the quarter, compared to analysts’ expectations of $0.84 million. On average, analysts expect that Strongbridge Biopharma PLC will post ($1.75) earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in SBBP. Broadfin Capital LLC increased its position in shares of Strongbridge Biopharma PLC by 3.0% in the first quarter. Broadfin Capital LLC now owns 2,981,706 shares of the biotechnology company’s stock worth $14,163,000 after buying an additional 87,125 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new position in shares of Strongbridge Biopharma PLC during the second quarter worth approximately $332,000. Rhumbline Advisers purchased a new position in shares of Strongbridge Biopharma PLC during the second quarter worth approximately $154,000. State of Wisconsin Investment Board purchased a new position in shares of Strongbridge Biopharma PLC during the second quarter worth approximately $114,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Strongbridge Biopharma PLC during the second quarter worth approximately $331,000.

About Strongbridge Biopharma PLC

Strongbridge Biopharma plc is a global commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies for a range of diseases. The Company’s commercial product, KEVEYIS (dichlorphenamide), is indicated for the treatment of hyperkalemic, hypokalemic and related variants of primary periodic paralysis.

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