Wall Street analysts forecast that Spring Bank Pharmaceuticals Inc (NASDAQ:SBPH) will post earnings per share (EPS) of ($0.55) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Spring Bank Pharmaceuticals’ earnings, with the highest EPS estimate coming in at ($0.37) and the lowest estimate coming in at ($0.86). Spring Bank Pharmaceuticals posted earnings of ($0.51) per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Spring Bank Pharmaceuticals will report full-year earnings of ($2.70) per share for the current fiscal year, with EPS estimates ranging from ($3.35) to ($1.75). For the next year, analysts expect that the business will post earnings of ($2.16) per share, with EPS estimates ranging from ($3.62) to ($1.70). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Spring Bank Pharmaceuticals.
Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald set a $29.00 price objective on shares of Spring Bank Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, November 16th. Chardan Capital reissued a “buy” rating on shares of Spring Bank Pharmaceuticals in a research report on Monday, November 6th. B. Riley assumed coverage on shares of Spring Bank Pharmaceuticals in a research report on Monday, November 6th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, ValuEngine lowered shares of Spring Bank Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One 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’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.25.
A number of large investors have recently added to or reduced their stakes in SBPH. AXA bought a new position in Spring Bank Pharmaceuticals during the second quarter worth about $2,894,000. Sectoral Asset Management Inc bought a new position in Spring Bank Pharmaceuticals during the second quarter worth about $1,523,000. C WorldWide Group Holding A S increased its position in Spring Bank Pharmaceuticals by 342.6% during the third quarter. C WorldWide Group Holding A S now owns 111,200 shares of the company’s stock worth $1,873,000 after acquiring an additional 86,077 shares during the period. Morse Asset Management Inc increased its position in Spring Bank Pharmaceuticals by 94.7% during the third quarter. Morse Asset Management Inc now owns 124,000 shares of the company’s stock worth $2,004,000 after acquiring an additional 60,300 shares during the period. Finally, Vanguard Group Inc. bought a new position in Spring Bank Pharmaceuticals during the second quarter worth about $794,000. 29.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Spring Bank Pharmaceuticals (NASDAQ SBPH) traded up $0.56 on Monday, hitting $12.66. 34,500 shares of the stock traded hands, compared to its average volume of 51,014. The company has a market capitalization of $163.18 and a price-to-earnings ratio of -4.59. Spring Bank Pharmaceuticals has a 52 week low of $6.31 and a 52 week high of $18.93.
Spring Bank Pharmaceuticals Company Profile
Spring Bank Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of a class of therapeutics using its small molecule nucleic acid hybrid (SMNH) chemistry platform. The Company is developing its SMNH product, SB 9200, for the treatment of viral diseases.
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