Galmed Pharmaceuticals Ltd. (GLMD) Given a $14.00 Price Target at Maxim Group
Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has been given a $14.00 target price by Maxim Group in a research note issued on Thursday. The brokerage presently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s price target suggests a potential upside of 52.17% from the stock’s current price.
GLMD has been the subject of a number of other reports. ValuEngine upgraded Galmed Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. HC Wainwright boosted their price target on Galmed Pharmaceuticals from $12.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, August 2nd.
Shares of Galmed Pharmaceuticals (NASDAQ GLMD) traded up 4.66% during trading on Thursday, reaching $9.20. 58,840 shares of the company’s stock traded hands. The stock’s market capitalization is $112.41 million. The company has a 50 day moving average price of $8.24 and a 200 day moving average price of $6.41. Galmed Pharmaceuticals has a 1-year low of $2.78 and a 1-year high of $9.39.
Galmed Pharmaceuticals (NASDAQ:GLMD) last announced its earnings results on Monday, July 31st. The biopharmaceutical company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.11. Galmed Pharmaceuticals had a negative return on equity of 141.13% and a negative net margin of 1,443.98%. The company had revenue of $0.27 million for the quarter, compared to analyst estimates of $0.29 million. On average, equities analysts forecast that Galmed Pharmaceuticals will post ($0.94) 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. acquired a new position in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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. 8.32% of the stock is currently owned by institutional investors and hedge funds.
Galmed Pharmaceuticals Company Profile
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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