Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) shot up 15.8% during mid-day trading on Monday . The stock traded as high as $3.00 and last traded at $2.34, with a volume of 1,383,266 shares changing hands. The stock had previously closed at $2.02.

Several brokerages have recently issued reports on EYEG. Maxim Group reiterated a “hold” rating on shares of Eyegate Pharmaceuticals in a report on Tuesday, June 28th. Rodman & Renshaw restated a “buy” rating on shares of Eyegate Pharmaceuticals in a report on Thursday, May 12th. Noble Financial initiated coverage on Eyegate Pharmaceuticals in a report on Thursday, April 7th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Chardan Capital restated a “buy” rating on shares of Eyegate Pharmaceuticals in a report on Thursday, April 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Eyegate Pharmaceuticals presently has a consensus rating of “Buy” and an average price target of $9.00.

The company’s market capitalization is $17.44 million. The firm has a 50 day moving average of $2.64 and a 200-day moving average of $2.98.

In other Eyegate Pharmaceuticals news, major shareholder Ventech Capital Ii sold 28,600 shares of the stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $3.04, for a total value of $86,944.00. Following the completion of the sale, the insider now directly owns 1,608,973 shares in the company, valued at $4,891,277.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Morton Goldberg sold 10,939 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $3.31, for a total value of $36,208.09. Following the completion of the sale, the director now owns 43,216 shares of the company’s stock, valued at $143,044.96. The disclosure for this sale can be found here.

Eyegate Pharmaceuticals, Inc is a clinical-stage specialty pharmaceutical company. The Company is focused on developing and commercializing therapeutics and drug delivery systems for treating diseases of the eye. The Company’s lead product, EGP-437, incorporates a reformulated topically active corticosteroid, dexamethasone phosphate, which is delivered into the ocular tissues through its drug delivery system, the EyeGate II Delivery System.

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