“STML reported 1Q17 financials and provided a pipeline update.”,” the firm’s analyst commented.
STML has been the topic of a number of other reports. HC Wainwright restated a buy rating and issued a $34.00 price target on shares of Stemline Therapeutics in a research note on Tuesday, March 28th. Zacks Investment Research cut Stemline Therapeutics from a hold rating to a sell rating in a research note on Wednesday, January 18th. Wedbush reiterated an outperform rating and set a $11.00 target price on shares of Stemline Therapeutics in a research report on Friday, March 17th. Ladenburg Thalmann Financial Services reiterated a buy rating on shares of Stemline Therapeutics in a research report on Monday, February 6th. Finally, Jefferies Group LLC set a $16.00 target price on Stemline Therapeutics and gave the stock a buy rating in a research report on Friday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $29.17.
Shares of Stemline Therapeutics (NASDAQ:STML) traded up 7.79% during trading on Friday, hitting $8.30. The stock had a trading volume of 691,218 shares. The stock has a 50-day moving average price of $8.08 and a 200 day moving average price of $9.28. Stemline Therapeutics has a 12 month low of $5.50 and a 12 month high of $14.60. The company’s market cap is $194.02 million.
Stemline Therapeutics (NASDAQ:STML) last posted its quarterly earnings results on Wednesday, May 10th. The biopharmaceutical company reported ($0.67) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.22. Stemline Therapeutics had a negative net margin of 3,864.20% and a negative return on equity of 60.51%. The business had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.30 million. Equities analysts expect that Stemline Therapeutics will post ($2.27) EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. 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 in the last quarter. AXA acquired a new stake in shares of Stemline Therapeutics during the first quarter worth $3,712,000. Renaissance Technologies LLC raised its stake in shares of Stemline Therapeutics by 7.9% in the fourth quarter. Renaissance Technologies LLC now owns 65,500 shares of the biopharmaceutical company’s stock worth $701,000 after buying an additional 4,800 shares in the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in shares of Stemline Therapeutics during the third quarter worth $2,783,000. Finally, Baker BROS. Advisors LP acquired a new stake in shares of Stemline Therapeutics during the third quarter worth $3,612,000. 54.72% of the stock is currently owned by institutional investors.
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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