Stemline Therapeutics (STML) Sets New 12-Month Low at $9.98

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Stemline Therapeutics Inc (NASDAQ:STML)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $9.98 and last traded at $10.16, with a volume of 9799 shares changing hands. The stock had previously closed at $10.47.

Several brokerages have recently commented on STML. BidaskClub upgraded Stemline Therapeutics from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. ValuEngine upgraded Stemline Therapeutics from a “hold” rating to a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research upgraded Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. HC Wainwright set a $38.00 price objective on Stemline Therapeutics and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Wedbush reiterated an “outperform” rating and set a $22.00 price objective on shares of Stemline Therapeutics in a research report on Monday, November 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $26.32.

The stock has a market cap of $323.41 million, a P/E ratio of -3.39 and a beta of 0.64.

Stemline Therapeutics (NASDAQ:STML) last issued its earnings results on Thursday, November 8th. The biopharmaceutical company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.06). As a group, equities analysts forecast that Stemline Therapeutics Inc will post -2.8 earnings per share for the current fiscal year.

In related news, COO Kenneth Hoberman sold 26,296 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $11.85, for a total transaction of $311,607.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its holdings in Stemline Therapeutics by 8.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 59,025 shares of the biopharmaceutical company’s stock valued at $948,000 after acquiring an additional 4,700 shares during the period. MetLife Investment Advisors LLC boosted its holdings in Stemline Therapeutics by 54.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 18,474 shares of the biopharmaceutical company’s stock valued at $307,000 after acquiring an additional 6,527 shares during the period. Neuberger Berman Group LLC boosted its holdings in Stemline Therapeutics by 15.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 60,500 shares of the biopharmaceutical company’s stock valued at $1,004,000 after acquiring an additional 8,000 shares during the period. BlueMountain Capital Management LLC purchased a new stake in Stemline Therapeutics during the 2nd quarter valued at about $137,000. Finally, Bank of America Corp DE boosted its holdings in Stemline Therapeutics by 97.8% during the 2nd quarter. Bank of America Corp DE now owns 20,548 shares of the biopharmaceutical company’s stock valued at $329,000 after acquiring an additional 10,159 shares during the period. Institutional investors own 64.20% of the company’s stock.

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Stemline Therapeutics Company Profile (NASDAQ:STML)

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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