Galectin Therapeutics CFO Acquires $4,550 in Stock (GALT)
Galectin Therapeutics (NASDAQ:GALT) CFO Jack W. Callicutt purchased 1,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $4.55 per share, with a total value of $4,550.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,260 shares of the company’s stock, valued at approximately $5,733. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GALT shares. Analysts at Aegis downgraded shares of Galectin Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. Separately, analysts at BMO Capital Markets reiterated a “positive” rating on shares of Galectin Therapeutics in a research note on Tuesday, July 29th. Finally, analysts at MLV & Co
cut their price target on shares of Galectin Therapeutics from $27.00 to $15.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock.
Galectin Therapeutics (NASDAQ:GALT) opened at 4.78 on Friday. Galectin Therapeutics has a 52-week low of $4.28 and a 52-week high of $19.11. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $12.76. The company’s market cap is $105.4 million.
Galectin Therapeutics (NASDAQ:GALT) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.17) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.21) by $0.04. On average, analysts predict that Galectin Therapeutics will post $-1.03 earnings per share for the current fiscal year.
Galectin Therapeutics Inc (NASDAQ:GALT) is a development-stage company engaged in drug development to create new therapies for cancer and fibrotic disease.
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