Brokerages Set Galmed Pharmaceuticals Ltd (GLMD) PT at $22.25

Galmed Pharmaceuticals Ltd (NASDAQ:GLMD) has received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.25.

GLMD has been the topic of several recent research reports. ValuEngine lowered Galmed Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Maxim Group set a $14.00 price target on Galmed Pharmaceuticals and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Galmed Pharmaceuticals from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, January 10th. Finally, HC Wainwright raised their price target on Galmed Pharmaceuticals from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, February 12th.

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Shares of Galmed Pharmaceuticals (NASDAQ:GLMD) traded down $0.09 on Tuesday, reaching $5.92. The company’s stock had a trading volume of 27,801 shares, compared to its average volume of 52,807. Galmed Pharmaceuticals has a 52-week low of $3.61 and a 52-week high of $12.22. The company has a market cap of $85.67, a price-to-earnings ratio of -6.04 and a beta of 2.91.

Galmed Pharmaceuticals (NASDAQ:GLMD) last posted its quarterly earnings results on Tuesday, March 13th. The biopharmaceutical company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.04). Galmed Pharmaceuticals had a negative return on equity of 133.50% and a negative net margin of 1,133.55%. The company had revenue of $0.27 million during the quarter, compared to the consensus estimate of $0.28 million. equities analysts predict that Galmed Pharmaceuticals will post -0.77 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Deutsche Bank AG acquired a new stake in Galmed Pharmaceuticals during the 4th quarter worth $246,000. Renaissance Technologies LLC acquired a new stake in Galmed Pharmaceuticals during the 4th quarter worth $345,000. J. Goldman & Co LP acquired a new stake in Galmed Pharmaceuticals during the 4th quarter worth $569,000. Sphera Funds Management LTD. acquired a new stake in Galmed Pharmaceuticals during the 4th quarter worth $2,164,000. Finally, Park West Asset Management LLC raised its stake in Galmed Pharmaceuticals by 4.4% during the 4th quarter. Park West Asset Management LLC now owns 292,847 shares of the biopharmaceutical company’s stock worth $2,679,000 after buying an additional 12,347 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.

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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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