Sienna Biopharmaceuticals Inc (SNNA) Receives Average Recommendation of “Hold” from Analysts

Sienna Biopharmaceuticals Inc (NASDAQ:SNNA) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.25.

Several analysts recently issued reports on SNNA shares. Guggenheim started coverage on Sienna Biopharmaceuticals in a report on Tuesday, December 5th. They set a “neutral” rating and a $21.00 target price on the stock. Zacks Investment Research lowered Sienna Biopharmaceuticals from a “hold” rating to a “sell” rating in a report on Saturday. Finally, ValuEngine upgraded Sienna Biopharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.

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NASDAQ:SNNA traded down $0.17 on Friday, hitting $18.78. 67,252 shares of the company were exchanged, compared to its average volume of 171,167. Sienna Biopharmaceuticals has a 12 month low of $13.37 and a 12 month high of $29.25. The firm has a market capitalization of $389.37 and a PE ratio of -3.62.

In other Sienna Biopharmaceuticals news, insider Todd Harris sold 20,672 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $20.03, for a total value of $414,060.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert J. More sold 24,429 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $18.80, for a total value of $459,265.20. The disclosure for this sale can be found here. Insiders sold 50,977 shares of company stock worth $990,845 in the last 90 days.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in Sienna Biopharmaceuticals by 13.9% in the fourth quarter. Geode Capital Management LLC now owns 45,153 shares of the company’s stock valued at $819,000 after buying an additional 5,499 shares during the period. Deutsche Bank AG raised its stake in Sienna Biopharmaceuticals by 139.8% in the fourth quarter. Deutsche Bank AG now owns 11,338 shares of the company’s stock valued at $205,000 after buying an additional 6,609 shares during the period. California State Teachers Retirement System bought a new stake in Sienna Biopharmaceuticals in the third quarter valued at approximately $182,000. Goldman Sachs Group Inc. bought a new stake in Sienna Biopharmaceuticals in the fourth quarter valued at approximately $195,000. Finally, Bank of New York Mellon Corp bought a new stake in Sienna Biopharmaceuticals in the third quarter valued at approximately $274,000. Hedge funds and other institutional investors own 41.68% of the company’s stock.

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Sienna Biopharmaceuticals Company Profile

Sienna Biopharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of topical products in medical dermatology and aesthetics. The company's lead product candidates include SNA-120, a first-in-class inhibitor of tropomyosin receptor kinase A, which is in a Phase IIb clinical trial for the treatment of pruritus or itch associated with psoriasis, as well as for psoriasis; and SNA-125, a topical janus kinase 3 inhibitor that is in Phase I/II clinical trials for the treatment of atopic dermatitis, psoriasis, and pruritus.

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