Cantor Fitzgerald Analysts Give Spring Bank Pharmaceuticals, Inc. (SBPH) a $29.00 Price Target

Cantor Fitzgerald set a $29.00 target price on Spring Bank Pharmaceuticals, Inc. (NASDAQ:SBPH) in a research report sent to investors on Thursday. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on SBPH. Dawson James reaffirmed a buy rating on shares of Spring Bank Pharmaceuticals in a research note on Monday, August 7th. ValuEngine raised Spring Bank Pharmaceuticals from a sell rating to a hold rating in a research note on Thursday, August 17th. Chardan Capital reissued a buy rating on shares of Spring Bank Pharmaceuticals in a research note on Monday, November 6th. Finally, B. Riley assumed coverage on Spring Bank Pharmaceuticals in a research note on Monday, November 6th. They set a buy rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $27.25.

Spring Bank Pharmaceuticals (NASDAQ:SBPH) traded down $0.25 during mid-day trading on Thursday, reaching $15.64. The company had a trading volume of 27,560 shares, compared to its average volume of 41,729. Spring Bank Pharmaceuticals has a 12-month low of $6.31 and a 12-month high of $18.93.

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Several institutional investors have recently modified their holdings of SBPH. AXA purchased a new position in shares of Spring Bank Pharmaceuticals during the 2nd quarter worth $2,894,000. Sphera Funds Management LTD. purchased a new position in shares of Spring Bank Pharmaceuticals during the 2nd quarter worth $2,370,000. Sectoral Asset Management Inc purchased a new position in shares of Spring Bank Pharmaceuticals during the 2nd quarter worth $1,523,000. C WorldWide Group Holding A S lifted its stake in shares of Spring Bank Pharmaceuticals by 342.6% during the 3rd quarter. C WorldWide Group Holding A S now owns 111,200 shares of the company’s stock worth $1,873,000 after purchasing an additional 86,077 shares during the period. Finally, Morse Asset Management Inc lifted its stake in shares of Spring Bank Pharmaceuticals by 94.7% during the 3rd quarter. Morse Asset Management Inc now owns 124,000 shares of the company’s stock worth $2,004,000 after purchasing an additional 60,300 shares during the period. 28.71% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Spring Bank Pharmaceuticals (NASDAQ:SBPH)

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