Strongbridge Biopharma PLC (SBBP) Receives New Coverage from Analysts at Oppenheimer Holdings, Inc.

Equities researchers at Oppenheimer Holdings, Inc. assumed coverage on shares of Strongbridge Biopharma PLC (NASDAQ:SBBP) in a note issued to investors on Thursday. The firm set an “outperform” rating and a $12.00 price target on the biotechnology company’s stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 81.82% from the company’s previous close.

Several other analysts have also weighed in on SBBP. Zacks Investment Research lowered shares of Strongbridge Biopharma PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. HC Wainwright reaffirmed a “buy” rating on shares of Strongbridge Biopharma PLC in a report on Wednesday, May 17th. Finally, ValuEngine raised shares of Strongbridge Biopharma PLC from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.94.

Shares of Strongbridge Biopharma PLC (NASDAQ SBBP) traded down 3.65% during trading on Thursday, reaching $6.60. The company had a trading volume of 54,942 shares. Strongbridge Biopharma PLC has a 12-month low of $2.00 and a 12-month high of $8.85. The firm has a 50-day moving average of $6.76 and a 200-day moving average of $4.58. The company’s market cap is $233.21 million.

Strongbridge Biopharma PLC (NASDAQ:SBBP) last posted its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.34) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.34). The firm had revenue of $1.53 million for the quarter, compared to analyst estimates of $0.84 million. On average, equities research analysts anticipate that Strongbridge Biopharma PLC will post ($2.20) EPS for the current year.

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Several hedge funds have recently modified their holdings of SBBP. State of Wisconsin Investment Board bought a new stake in shares of Strongbridge Biopharma PLC during the second quarter worth $114,000. Rhumbline Advisers bought a new stake in shares of Strongbridge Biopharma PLC during the second quarter worth $154,000. Teachers Advisors LLC bought a new stake in shares of Strongbridge Biopharma PLC during the second quarter worth $297,000. Bank of New York Mellon Corp bought a new stake in shares of Strongbridge Biopharma PLC during the second quarter worth $331,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Strongbridge Biopharma PLC during the second quarter worth $332,000.

About Strongbridge Biopharma PLC

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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