Stemline Therapeutics (STML) Hits New 12-Month High at $17.60

Shares of Stemline Therapeutics Inc (NASDAQ:STML) hit a new 52-week high during trading on Thursday . The stock traded as high as $17.60 and last traded at $16.55, with a volume of 346200 shares traded. The stock had previously closed at $16.55.

Several brokerages have recently commented on STML. Zacks Investment Research raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub raised Stemline Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Finally, HC Wainwright set a $38.00 target price on Stemline Therapeutics and gave the stock a “buy” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Stemline Therapeutics presently has a consensus rating of “Buy” and a consensus target price of $33.75.

The firm has a market capitalization of $514.25, a PE ratio of -6.91 and a beta of -0.02.

In related news, CEO Ivan Bergstein sold 3,820 shares of Stemline Therapeutics stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.80, for a total transaction of $60,356.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Kenneth Hoberman sold 14,040 shares of Stemline Therapeutics stock in a transaction on Monday, January 8th. The shares were sold at an average price of $13.93, for a total value of $195,577.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,887 shares of company stock valued at $681,287. Insiders own 16.70% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC acquired a new stake in Stemline Therapeutics during the second quarter valued at $102,000. Royce & Associates LP acquired a new stake in Stemline Therapeutics during the fourth quarter valued at $106,000. Nationwide Fund Advisors boosted its position in Stemline Therapeutics by 7.2% during the second quarter. Nationwide Fund Advisors now owns 12,755 shares of the biopharmaceutical company’s stock valued at $117,000 after purchasing an additional 855 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Stemline Therapeutics during the fourth quarter valued at $170,000. Finally, Alliancebernstein L.P. acquired a new stake in Stemline Therapeutics during the second quarter valued at $178,000. 42.52% of the stock is owned by hedge funds and other institutional investors.

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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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