Stemline Therapeutics (NASDAQ:STML) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday, January 19th.
Several other research firms have also recently weighed in on STML. Cowen restated a “buy” rating on shares of Stemline Therapeutics in a report on Tuesday, October 31st. HC Wainwright reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Stemline Therapeutics in a research note on Friday, November 10th. ValuEngine raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Stemline Therapeutics has an average rating of “Buy” and a consensus price target of $33.75.
Stemline Therapeutics (NASDAQ STML) traded up $0.30 during trading hours on Friday, hitting $15.85. The company had a trading volume of 169,438 shares, compared to its average volume of 338,369. Stemline Therapeutics has a 12-month low of $6.35 and a 12-month high of $17.40. The stock has a market capitalization of $463.55, a PE ratio of -6.17 and a beta of -0.02.
In related news, COO Kenneth Hoberman sold 11,943 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $14.18, for a total transaction of $169,351.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Gionco sold 4,250 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $13.43, for a total value of $57,077.50. The disclosure for this sale can be found here. Insiders sold a total of 42,216 shares of company stock worth $591,925 over the last quarter. Company insiders own 15.70% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. C WorldWide Group Holding A S purchased a new stake in Stemline Therapeutics during the 3rd quarter valued at about $1,776,000. Northern Trust Corp grew its stake in Stemline Therapeutics by 18.0% during the 2nd quarter. Northern Trust Corp now owns 274,824 shares of the biopharmaceutical company’s stock valued at $2,529,000 after purchasing an additional 41,898 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Stemline Therapeutics by 74.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 120,477 shares of the biopharmaceutical company’s stock valued at $1,108,000 after purchasing an additional 51,578 shares during the last quarter. Lyon Street Capital LLC grew its stake in Stemline Therapeutics by 331.1% during the 3rd quarter. Lyon Street Capital LLC now owns 541,462 shares of the biopharmaceutical company’s stock valued at $6,010,000 after purchasing an additional 415,867 shares during the last quarter. Finally, Cowen Inc. purchased a new stake in Stemline Therapeutics during the 3rd quarter valued at about $420,000. Hedge funds and other institutional investors own 42.85% of the company’s stock.
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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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