Gemphire Therapeutics (GEMP) Stock Rating Lowered by ValuEngine

Gemphire Therapeutics (NASDAQ:GEMP) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Gemphire Therapeutics from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, November 16th. Roth Capital restated a “buy” rating and set a $30.00 price objective on shares of Gemphire Therapeutics in a report on Friday, December 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $22.00 price objective on shares of Gemphire Therapeutics in a report on Friday, October 27th. Canaccord Genuity restated a “buy” rating and set a $31.00 price objective on shares of Gemphire Therapeutics in a report on Monday, October 23rd. Finally, HC Wainwright lifted their price objective on Gemphire Therapeutics from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the stock. Gemphire Therapeutics has an average rating of “Hold” and a consensus target price of $23.17.

Gemphire Therapeutics (NASDAQ:GEMP) opened at $6.38 on Thursday. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.00. Gemphire Therapeutics has a 52-week low of $6.16 and a 52-week high of $21.59. The company has a market capitalization of $67.84 and a P/E ratio of -2.20.

Gemphire Therapeutics (NASDAQ:GEMP) last posted its quarterly earnings data on Monday, November 13th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.14). analysts predict that Gemphire Therapeutics will post -3.31 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of GEMP. Vanguard Group Inc. increased its holdings in Gemphire Therapeutics by 137.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,898 shares of the company’s stock worth $399,000 after purchasing an additional 17,892 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Gemphire Therapeutics in the 2nd quarter valued at approximately $139,000. Northpointe Capital LLC increased its holdings in shares of Gemphire Therapeutics by 91.8% in the 3rd quarter. Northpointe Capital LLC now owns 520,292 shares of the company’s stock valued at $4,943,000 after acquiring an additional 249,077 shares during the last quarter. Comerica Bank bought a new stake in shares of Gemphire Therapeutics in the 3rd quarter valued at approximately $850,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of Gemphire Therapeutics by 4.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 159,964 shares of the company’s stock valued at $1,520,000 after acquiring an additional 6,900 shares during the last quarter. Institutional investors own 32.21% of the company’s stock.

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About Gemphire Therapeutics

Gemphire Therapeutics Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the development and commercialization of therapeutics to treat cardiovascular and metabolic diseases. It is developing its product candidate, gemcabene (CI-1027), which is a once-daily, oral therapy for patients who are unable to achieve normal levels of low-density lipoprotein cholesterol (LDL-C) or triglycerides with approved therapies, primarily statin therapy.

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