HC Wainwright Begins Coverage on StemlineTherapeutics (STML)

HC Wainwright began coverage on shares of StemlineTherapeutics (NASDAQ:STML) in a report issued on Friday. The firm issued a buy rating and a $38.00 price target on the biopharmaceutical company’s stock.

Several other equities research analysts have also commented on the company. BidaskClub lowered StemlineTherapeutics from a buy rating to a hold rating in a research note on Wednesday, January 10th. ValuEngine lowered StemlineTherapeutics from a hold rating to a sell rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research lowered StemlineTherapeutics from a hold rating to a sell rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. StemlineTherapeutics has a consensus rating of Buy and an average price target of $31.33.

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Shares of NASDAQ:STML opened at $15.10 on Friday. The stock has a market cap of $456.17, a price-to-earnings ratio of -5.14 and a beta of 0.07. StemlineTherapeutics has a 12 month low of $7.30 and a 12 month high of $18.75.

StemlineTherapeutics (NASDAQ:STML) last announced its quarterly earnings results on Friday, March 16th. The biopharmaceutical company reported ($0.93) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.26). StemlineTherapeutics had a negative return on equity of 94.70% and a negative net margin of 4,689.63%. sell-side analysts anticipate that StemlineTherapeutics will post -2.62 EPS for the current fiscal year.

In other news, insider David Gionco sold 9,183 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $17.38, for a total value of $159,600.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Kenneth Hoberman sold 1,851 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.67, for a total value of $29,005.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 142,378 shares of company stock valued at $2,432,553. Insiders own 16.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of STML. Consonance Capital Management LP grew its stake in shares of StemlineTherapeutics by 2,216.9% in the fourth quarter. Consonance Capital Management LP now owns 2,349,792 shares of the biopharmaceutical company’s stock valued at $36,657,000 after buying an additional 2,248,372 shares in the last quarter. Lyon Street Capital LLC grew its stake in shares of StemlineTherapeutics by 53.1% in the fourth quarter. Lyon Street Capital LLC now owns 829,090 shares of the biopharmaceutical company’s stock valued at $12,934,000 after buying an additional 287,628 shares in the last quarter. Millennium Management LLC grew its stake in shares of StemlineTherapeutics by 769.8% in the fourth quarter. Millennium Management LLC now owns 290,005 shares of the biopharmaceutical company’s stock valued at $4,524,000 after buying an additional 256,665 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of StemlineTherapeutics by 82.0% in the third quarter. Dimensional Fund Advisors LP now owns 219,252 shares of the biopharmaceutical company’s stock valued at $2,434,000 after buying an additional 98,775 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of StemlineTherapeutics by 6.3% in the fourth quarter. BlackRock Inc. now owns 1,406,181 shares of the biopharmaceutical company’s stock valued at $21,936,000 after buying an additional 83,044 shares in the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

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About StemlineTherapeutics

Stemline Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on the discovery, acquisition, development, and commercialization of proprietary oncology therapeutics in the United States and internationally. The company develops SL-401, a targeted therapy directed to the interleukin-3 receptor (IL-3R), which has completed Phase II clinical trial for patients with blastic plasmacytoid dendritic cell neoplasm; is in Phase I/II clinical trials for patients with myeloproliferative neoplasms, chronic myelomonocytic leukemia, myelofibrosis, and acute myeloid leukemia; and is in Phase I clinical trial in combination with other agents for patients with relapsed/refractory multiple myeloma.

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