Insider Buying: Kevin D. Freeman Buys 1,000 Shares of Galectin Therapeutics Stock (GALT)
Galectin Therapeutics (NASDAQ:GALT) Director Kevin D. Freeman bought 1,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average price of $4.70 per share, for a total transaction of $4,700.00. Following the completion of the acquisition, the director now directly owns 3,917 shares in the company, valued at approximately $18,410. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on GALT. 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) traded down 0.84% during mid-day trading on Monday, hitting $4.74. The stock had a trading volume of 149,014 shares. 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 $104.5 million.
Galectin Therapeutics (NASDAQ:GALT) last announced its earnings results on Thursday, August 7th. The company reported ($0.17) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.04. Analysts expect that Galectin Therapeutics will post $-1.03 EPS 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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