Roth Capital Initiates Coverage on Galmed Pharmaceuticals Ltd. (GLMD)

Roth Capital assumed coverage on shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in a research report sent to investors on Wednesday morning, MarketBeat reports. The firm issued a buy rating and a $32.00 price objective on the biopharmaceutical company’s stock.

GLMD has been the topic of a number of other reports. HC Wainwright restated a buy rating and issued a $18.00 target price on shares of Galmed Pharmaceuticals in a report on Friday, October 27th. Seaport Global Securities restated a buy rating and issued a $19.00 target price on shares of Galmed Pharmaceuticals in a report on Friday, October 6th. Maxim Group set a $14.00 target price on Galmed Pharmaceuticals and gave the stock a buy rating in a report on Thursday, October 5th. Finally, Zacks Investment Research upgraded Galmed Pharmaceuticals from a hold rating to a buy rating and set a $8.00 target price on the stock in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $18.30.

Galmed Pharmaceuticals (NASDAQ GLMD) opened at $7.81 on Wednesday. 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. GRT Capital Partners L.L.C. bought a new position in Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,314 shares of the biopharmaceutical company’s stock, valued at approximately $114,000. GRT Capital Partners L.L.C. owned 0.15% of Galmed Pharmaceuticals as of its most recent SEC filing. 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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