Galapagos NV (GLPG) Shares Up 2.9%
Shares of Galapagos NV (NASDAQ:GLPG) shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $67.98 and last traded at $67.65, with a volume of 107,466 shares. The stock had previously closed at $65.74.
A number of research firms recently issued reports on GLPG. Zacks Investment Research raised shares of Galapagos NV from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Wednesday, June 8th. Janney Montgomery Scott began coverage on shares of Galapagos NV in a research report on Tuesday, August 30th. They set a “buy” rating and a $64.00 target price for the company. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $48.00 target price on shares of Galapagos NV in a research report on Friday, June 17th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of €65.20 ($72.44).
The company’s market capitalization is $3.11 billion. The firm has a 50-day moving average price of $54.87 and a 200-day moving average price of $51.01.
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Several institutional investors have recently added to or reduced their stakes in the stock. Landscape Capital Management L.L.C. raised its stake in shares of Galapagos NV by 114.7% in the first quarter. Landscape Capital Management L.L.C. now owns 17,389 shares of the company’s stock worth $727,000 after buying an additional 9,288 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Galapagos NV by 28.5% in the first quarter. Wellington Management Group LLP now owns 800,199 shares of the company’s stock worth $33,465,000 after buying an additional 177,656 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Galapagos NV during the first quarter worth approximately $547,000. Deerfield Management Co. raised its stake in shares of Galapagos NV by 79.0% in the first quarter. Deerfield Management Co. now owns 327,626 shares of the company’s stock worth $13,701,000 after buying an additional 144,626 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Galapagos NV by 47.6% in the second quarter. Alps Advisors Inc. now owns 64,775 shares of the company’s stock worth $3,593,000 after buying an additional 20,901 shares during the last quarter.
Galapagos NV Company Profile
Galapagos NV is a Belgium-based biotechnology company. The Company’s activities are divided into two operating divisions: Research and Development (R & D) and Services. The R & D division is engaged in the discovery and development of small molecules. The Services division, offers target-to-drug discovery products and services to pharmaceutical and biotechnology companies and to patient foundations, encompassing target discovery and validation, screening and drug discovery through to delivery of pre-clinical candidates.
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