Galmed Pharmaceuticals Ltd. (GLMD) Price Target Increased to $18.00 by Analysts at HC Wainwright
Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) had its price objective upped by equities researchers at HC Wainwright from $12.00 to $18.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. HC Wainwright’s price target would suggest a potential upside of 152.45% from the company’s current price.
A number of other equities research analysts have also issued reports on GLMD. Zacks Investment Research raised shares of Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, August 2nd. Maxim Group reaffirmed a “buy” rating and set a $14.00 price objective (up from $9.00) on shares of Galmed Pharmaceuticals in a report on Monday, July 31st. Finally, ValuEngine raised shares of Galmed Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Saturday, June 17th.
Galmed Pharmaceuticals (NASDAQ:GLMD) opened at 7.13 on Tuesday. The firm has a 50-day moving average of $6.63 and a 200-day moving average of $5.22. Galmed Pharmaceuticals has a 1-year low of $2.78 and a 1-year high of $8.60. The stock’s market cap is $87.12 million.
Galmed Pharmaceuticals (NASDAQ:GLMD) last announced its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.11. Galmed Pharmaceuticals had a negative net margin of 1,443.98% and a negative return on equity of 141.13%. The business had revenue of $0.27 million during the quarter, compared to analyst estimates of $0.29 million. Analysts expect that Galmed Pharmaceuticals will post ($0.95) EPS for the current fiscal year.
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An institutional investor recently bought a new position in Galmed Pharmaceuticals stock. KCG Holdings Inc. bought a new position in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 20,473 shares of the biopharmaceutical company’s stock, valued at approximately $100,000. KCG Holdings Inc. owned about 0.17% of Galmed Pharmaceuticals at the end of the most recent reporting period. 7.99% of the stock is currently owned by institutional investors and hedge funds.
About Galmed Pharmaceuticals
Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of once-daily, oral therapy for the treatment of liver diseases and cholesterol gallstones utilizing its synthetic fatty-acid/bile-acid conjugate (FABAC), called aramchol.
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