Stemline Therapeutics, Inc. (NASDAQ:STML) – Equities research analysts at Wedbush decreased their Q3 2017 earnings per share (EPS) estimates for Stemline Therapeutics in a research report issued to clients and investors on Thursday. Wedbush analyst D. Nierengarten now forecasts that the biopharmaceutical company will post earnings per share of ($0.62) for the quarter, down from their previous forecast of ($0.48). Wedbush currently has a “Outperform” rating and a $40.00 target price on the stock. Wedbush also issued estimates for Stemline Therapeutics’ Q4 2017 earnings at ($0.68) EPS, FY2017 earnings at ($2.63) EPS, Q1 2018 earnings at ($0.54) EPS, Q2 2018 earnings at ($0.54) EPS, Q3 2018 earnings at ($0.55) EPS, Q4 2018 earnings at ($0.53) EPS, FY2018 earnings at ($2.16) EPS, FY2019 earnings at ($1.30) EPS, FY2020 earnings at ($0.02) EPS and FY2021 earnings at $1.05 EPS.
A number of other equities research analysts have also recently commented on STML. Cowen and Company reiterated a “buy” rating on shares of Stemline Therapeutics in a report on Wednesday, June 14th. HC Wainwright set a $34.00 target price on Stemline Therapeutics and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub upgraded Stemline Therapeutics from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 target price on shares of Stemline Therapeutics in a report on Thursday, May 25th. Finally, Zacks Investment Research upgraded Stemline Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday, May 20th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.17.
Stemline Therapeutics (STML) opened at 8.10 on Monday. The stock’s market cap is $189.99 million. Stemline Therapeutics has a 12 month low of $5.50 and a 12 month high of $14.60. The company’s 50-day moving average price is $9.25 and its 200-day moving average price is $8.44.
Stemline Therapeutics (NASDAQ:STML) last issued its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.18. The firm had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.30 million. Stemline Therapeutics had a negative return on equity of 67.35% and a negative net margin of 4,176.84%.
Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its position in shares of Stemline Therapeutics by 72.1% in the first quarter. FMR LLC now owns 2,538,892 shares of the biopharmaceutical company’s stock valued at $21,708,000 after buying an additional 1,063,457 shares during the period. AXA purchased a new position in shares of Stemline Therapeutics during the first quarter valued at $3,712,000. Sphera Funds Management LTD. purchased a new position in shares of Stemline Therapeutics during the first quarter valued at $2,565,000. Eventide Asset Management LLC raised its position in shares of Stemline Therapeutics by 27.6% in the first quarter. Eventide Asset Management LLC now owns 1,086,400 shares of the biopharmaceutical company’s stock valued at $9,289,000 after buying an additional 235,000 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Stemline Therapeutics by 32.9% in the first quarter. Vanguard Group Inc. now owns 825,153 shares of the biopharmaceutical company’s stock valued at $7,055,000 after buying an additional 204,228 shares during the period. 54.50% of the stock is currently owned by institutional investors and hedge funds.
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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