Strongbridge Biopharma (NASDAQ:SBBP) has been given a $14.00 price target by research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the biotechnology company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 84.21% from the stock’s previous close.
A number of other research firms also recently weighed in on SBBP. BidaskClub raised shares of Strongbridge Biopharma from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of Strongbridge Biopharma from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, HC Wainwright reissued a “buy” rating and set a $18.00 target price on shares of Strongbridge Biopharma in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.81.
NASDAQ:SBBP opened at $7.60 on Thursday. The company has a market cap of $386.83, a price-to-earnings ratio of -5.24 and a beta of 0.99. The company has a debt-to-equity ratio of -3.17, a current ratio of 4.88 and a quick ratio of 4.84. Strongbridge Biopharma has a fifty-two week low of $3.50 and a fifty-two week high of $9.25.
Strongbridge Biopharma (NASDAQ:SBBP) last released its earnings results on Monday, March 12th. The biotechnology company reported ($0.34) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.34). The firm had revenue of $2.98 million for the quarter, compared to analyst estimates of $2.98 million. sell-side analysts expect that Strongbridge Biopharma will post -1.52 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. 683 Capital Management LLC acquired a new stake in shares of Strongbridge Biopharma during the 4th quarter worth approximately $1,450,000. Lyon Street Capital LLC grew its position in shares of Strongbridge Biopharma by 239.0% during the 4th quarter. Lyon Street Capital LLC now owns 1,406,095 shares of the biotechnology company’s stock worth $10,194,000 after buying an additional 991,322 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Strongbridge Biopharma during the 4th quarter worth approximately $152,000. Perceptive Advisors LLC acquired a new stake in shares of Strongbridge Biopharma during the 4th quarter worth approximately $1,994,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Strongbridge Biopharma during the 4th quarter worth approximately $272,000. 57.63% of the stock is owned by institutional investors.
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About Strongbridge Biopharma
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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