Strongbridge Biopharma (SBBP) Receives New Coverage from Analysts at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Strongbridge Biopharma (NASDAQ:SBBP) in a report released on Tuesday morning. The brokerage issued a buy rating and a $14.00 price target on the biotechnology company’s stock.

“Right Team in Place. Following challenges faced by Taro Pharmaceuticals (TARO – NC) in commercializing KEVEYIS, we believe Strongbridge is well equipped to conduct a successful re-launch. The management team brings experience from an array of blue chip commercial pharmaceutical corporations: Shire (SHPG – OW, by Cantor Analyst Louise Chen), Bristol-Myers Squibb (BMY – NC), Johnson & Johnson(JNJ – NC), and Eli Lilly (LLY – NC). In addition to this critical know-how, Strongbridge has also hired an impressive sales force with experiences from orphan organizations such as Shire, Biomarin (BMRN – NC), and Retrophin (RTRX – NC).”,” the firm’s analyst wrote.

Several other research firms have also weighed in on SBBP. Zacks Investment Research lowered shares of Strongbridge Biopharma from a buy rating to a hold rating in a report on Wednesday, November 22nd. ValuEngine lowered shares of Strongbridge Biopharma from a hold rating to a sell rating in a report on Monday, October 2nd. HC Wainwright reaffirmed a buy rating and set a $18.00 price objective on shares of Strongbridge Biopharma in a report on Wednesday, November 15th. Finally, Oppenheimer started coverage on shares of Strongbridge Biopharma in a report on Thursday, August 10th. They set an outperform rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $12.25.

Strongbridge Biopharma (NASDAQ:SBBP) traded up $0.10 during midday trading on Tuesday, hitting $6.40. 105,200 shares of the stock traded hands, compared to its average volume of 108,632. The company has a debt-to-equity ratio of -1.89, a current ratio of 4.70 and a quick ratio of 4.61. Strongbridge Biopharma has a 12 month low of $2.00 and a 12 month high of $8.85.

Several institutional investors have recently modified their holdings of the stock. Caxton Corp increased its holdings in shares of Strongbridge Biopharma by 2.2% in the third quarter. Caxton Corp now owns 5,514,994 shares of the biotechnology company’s stock valued at $38,053,000 after purchasing an additional 120,000 shares in the last quarter. Lyon Street Capital LLC acquired a new stake in shares of Strongbridge Biopharma in the third quarter valued at approximately $2,862,000. California State Teachers Retirement System acquired a new stake in shares of Strongbridge Biopharma in the second quarter valued at approximately $277,000. State Street Corp acquired a new stake in shares of Strongbridge Biopharma in the second quarter valued at approximately $443,000. Finally, Nexthera Capital LP acquired a new stake in shares of Strongbridge Biopharma in the second quarter valued at approximately $477,000. 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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