Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) Given “Buy” Rating at Seaport Global Securities

Seaport Global Securities reaffirmed their buy rating on shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in a report published on Friday, October 6th, MarketBeat Ratings reports. Seaport Global Securities currently has a $19.00 price objective on the biopharmaceutical company’s stock.

A number of other research firms also recently commented on GLMD. Maxim Group set a $14.00 price objective on shares of Galmed Pharmaceuticals and gave the company a buy rating in a research note on Thursday, October 5th. 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 research note on Wednesday, August 2nd. HC Wainwright upped their price objective on shares of Galmed Pharmaceuticals from $12.00 to $18.00 and gave the company a buy rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Galmed Pharmaceuticals from a sell rating to a hold rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $14.75.

Shares of Galmed Pharmaceuticals (NASDAQ:GLMD) opened at 8.12 on Friday. The stock’s 50 day moving average is $8.51 and its 200 day moving average is $6.62. The company’s market capitalization is $99.22 million. Galmed Pharmaceuticals has a 12 month low of $2.78 and a 12 month high of $9.59.

Galmed Pharmaceuticals (NASDAQ:GLMD) last released its quarterly earnings data on Monday, July 31st. The biopharmaceutical company reported ($0.22) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $0.29 million. On average, equities analysts predict 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. bought a new stake in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 quarter. Institutional investors own 8.32% of the company’s stock.

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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