2 days Ago By ABMN Staff
HC Wainwright restated their buy rating on shares of Sutro Biopharma ( NASDAQ:STRO – Free Report ) in a report issued on Monday, Benzinga reports. HC Wainwright currently has a $12.00 price target on the stock.
HC Wainwright also issued estimates for Sutro Biopharma’s Q4 2024 earnings at ($0.68) EPS, FY2024 earnings at ($2.75) EPS, Q1 2025 earnings at ($0.
82) EPS, Q2 2025 earnings at ($0.87) EPS, Q3 2025 earnings at ($0.91) EPS, Q4 2025 earnings at ($0.
96) EPS, FY2025 earnings at ($3.57) EPS, FY2026 earnings at ($3.52) EPS, FY2027 earnings at ($3.
47) EPS and FY2028 earnings at ($3.03) EPS. Several other equities analysts also recently commented on the company.
JMP Securities reiterated a “market outperform” rating and issued a $17.00 target price on shares of Sutro Biopharma in a research report on Monday, September 16th. Piper Sandler restated an “overweight” rating and issued a $11.
00 price target on shares of Sutro Biopharma in a research note on Friday, October 11th. Finally, Truist Financial reduced their price objective on Sutro Biopharma from $18.00 to $15.
00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $12.
14. Read Our Latest Research Report on STRO Sutro Biopharma Trading Down 1.1 % Institutional Investors Weigh In On Sutro Biopharma A number of large investors have recently made changes to their positions in the business.
Point72 Asset Management L.P. increased its stake in shares of Sutro Biopharma by 1,606.
1% in the 2nd quarter. Point72 Asset Management L.P.
now owns 4,447,634 shares of the company’s stock valued at $13,032,000 after purchasing an additional 4,186,938 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Sutro Biopharma by 4.
6% in the 1st quarter. Vanguard Group Inc. now owns 3,022,790 shares of the company’s stock worth $17,079,000 after buying an additional 132,790 shares in the last quarter.
Geode Capital Management LLC increased its stake in shares of Sutro Biopharma by 7.7% in the third quarter. Geode Capital Management LLC now owns 1,856,956 shares of the company’s stock valued at $6,426,000 after purchasing an additional 132,015 shares during the period.
State Street Corp boosted its holdings in Sutro Biopharma by 5.2% during the third quarter. State Street Corp now owns 1,647,162 shares of the company’s stock worth $5,699,000 after buying an additional 81,855 shares in the last quarter.
Finally, Acadian Asset Management LLC lifted its position in Sutro Biopharma by 30.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,574,958 shares of the company’s stock worth $4,613,000 after buying an additional 370,705 shares in the last quarter.
96.99% of the stock is currently owned by institutional investors. About Sutro Biopharma ( Get Free Report ) Sutro Biopharma, Inc operates as a clinical-stage oncology company.
The company develops site-specific and novel-format antibody drug conjugates (ADCs) that enables its proprietary integrated cell-free protein synthesis platform, XpressCF and XpressCF+. Its product candidates include STRO-002, an ADC directed against folate receptor-alpha, which is in Phase II/III clinical trials for patients with ovarian and endometrial cancers; VAX-24 and Vax-31 pneumococcal conjugate vaccine candidates that is in Phase II/III clinical trials for the treatment of invasive pneumococcal disease; and MK-1484, a distinct cytokine derivative molecule that is in Phase I clinical study for the treatment of cancer. Featured Articles Receive News & Ratings for Sutro Biopharma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sutro Biopharma and related companies with MarketBeat.
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