Roth Capital began coverage on shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in a research note published on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $32.00 price objective on the biopharmaceutical company’s stock.
A number of other analysts have also recently commented on the company. HC Wainwright boosted their price objective on Galmed Pharmaceuticals from $12.00 to $18.00 and gave the company a buy rating in a research report on Tuesday, August 8th. Seaport Global Securities restated a buy rating and issued a $19.00 price objective on shares of Galmed Pharmaceuticals in a research report on Friday, October 6th. Maxim Group restated a buy rating and issued a $14.00 price objective (up from $9.00) on shares of Galmed Pharmaceuticals in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded Galmed Pharmaceuticals from a hold rating to a buy rating and set a $8.00 price objective for the company in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Galmed Pharmaceuticals currently has an average rating of Buy and an average price target of $18.30.
Galmed Pharmaceuticals (NASDAQ GLMD) traded up $0.16 during trading on Wednesday, hitting $7.81. The stock had a trading volume of 45,560 shares, compared to its average volume of 35,428. Galmed Pharmaceuticals has a 1-year low of $3.04 and a 1-year high of $9.59.
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A hedge fund recently bought a new stake in Galmed Pharmaceuticals stock. KCG Holdings Inc. purchased a new position in Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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. Hedge funds and other institutional investors own 8.25% of the company’s stock.
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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