Insider Buying: Peter G. Traber Acquires 1,000 Shares of Galectin Therapeutics Stock (GALT)
Galectin Therapeutics (NASDAQ:GALT) CEO Peter G. Traber purchased 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $4.42 per share, for a total transaction of $4,420.00. Following the completion of the acquisition, the chief executive officer now directly owns 97,333 shares in the company, valued at approximately $430,212. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Galectin Therapeutics (NASDAQ:GALT) opened at 4.78 on Monday. 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 announced its earnings results on Thursday, August 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the 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.
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 Inc (NASDAQ:GALT) is a development-stage company engaged in drug development to create new therapies for cancer and fibrotic disease.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.