Sutro Biopharma - STRO Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sutro Biopharma in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" STRO shares.
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4 brokers have issued 12-month price targets for Sutro Biopharma's stock. Their STRO share price forecasts range from $16.00 to $30.00. On average, they expect the company's share price to reach $24.33 in the next year. This suggests a possible upside of 243.2% from the stock's current price.
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Sutro Biopharma's stock was trading at $14.88 on January 1st, 2022. Since then, STRO stock has decreased by 52.4% and is now trading at $7.09.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Sutro Biopharma, Inc. (NASDAQ:STRO) issued its quarterly earnings results on Monday, August, 8th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by $0.09. Sutro Biopharma had a negative net margin of 252.33% and a negative trailing twelve-month return on equity of 55.57%.

11 employees have rated Sutro Biopharma Chief Executive Officer William J. Newell on Glassdoor.com. William J. Newell has an approval rating of 100% among the company's employees. This puts William J. Newell in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sutro Biopharma investors own include Pfizer (PFE), VBI Vaccines (VBIV), Aldeyra Therapeutics (ALDX), Dynavax Technologies (DVAX), Fulcrum Therapeutics (FULC), IDEAYA Biosciences (IDYA), Provention Bio (PRVB), Sorrento Therapeutics (SRNE), Xeris Biopharma (XERS) and AbbVie (ABBV).

(STRO) raised $75 million in an initial public offering (IPO) on Thursday, September 27th 2018. The company issued 5,000,000 shares at $14.00-$16.00 per share. Cowen and Piper Jaffray served as the underwriters for the IPO and JMP Securities and Wedbush PacGrow were co-managers.

Sutro Biopharma trades on the NASDAQ under the ticker symbol "STRO."

Sutro Biopharma's stock is owned by many different institutional and retail investors. Top institutional investors include Franklin Resources Inc. (8.04%), Baillie Gifford & Co. (3.97%), FMR LLC (1.27%), Northern Trust Corp (0.80%), Walleye Capital LLC (0.58%) and JPMorgan Chase & Co. (0.33%). Insiders that own company stock include Arturo Md Molina, John Gordon Freund, Nicki Vasquez, Trevor Hallam and William J Newell.
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Shares of STRO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STRO stock can currently be purchased for approximately $7.09.

Sutro Biopharma (NASDAQ:STRO) has a market capitalization of $369.81 million and generates $61.88 million in revenue each year. The company earns $-105,540,000.00 in net income (profit) each year or ($2.89) on an earnings per share basis.

The company employs 224 workers across the globe.

Sutro Biopharma's mailing address is 310 Utah Avenue Suite 150, South San Francisco CA, 94080. The official website for the company is www.sutrobio.com. The company can be reached via phone at (650) 392-8412 or via email at ajchang@sutrobio.com.