Strongbridge Biopharma (SBBP) Rating Reiterated by Cantor Fitzgerald

Strongbridge Biopharma (NASDAQ:SBBP)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently issued reports on SBBP. Zacks Investment Research cut shares of Strongbridge Biopharma from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Oppenheimer started coverage on Strongbridge Biopharma in a research note on Thursday, August 10th. They issued an “outperform” rating and a $12.00 price target for the company. ValuEngine downgraded Strongbridge Biopharma from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price target on shares of Strongbridge Biopharma in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Strongbridge Biopharma has a consensus rating of “Buy” and a consensus target price of $12.25.

Shares of Strongbridge Biopharma (SBBP) remained flat at $$6.40 during trading on Wednesday. 135,956 shares of the stock traded hands, compared to its average volume of 147,115. Strongbridge Biopharma has a twelve month low of $2.00 and a twelve month high of $8.85. The company has a debt-to-equity ratio of -1.89, a current ratio of 4.70 and a quick ratio of 4.61.

A number of hedge funds have recently bought and sold shares of SBBP. State of Wisconsin Investment Board acquired a new position in Strongbridge Biopharma in the second quarter valued at about $114,000. Rhumbline Advisers acquired a new position in Strongbridge Biopharma in the second quarter valued at about $154,000. California State Teachers Retirement System acquired a new position in Strongbridge Biopharma in the second quarter valued at about $277,000. Teachers Advisors LLC acquired a new position in Strongbridge Biopharma in the second quarter valued at about $297,000. Finally, Bank of New York Mellon Corp acquired a new position in Strongbridge Biopharma in the second quarter valued at about $331,000. 57.53% of the stock is owned by institutional investors and hedge funds.

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Strongbridge Biopharma Company Profile

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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