Zacks Investment Research upgraded shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) from a hold rating to a buy rating in a research report sent to investors on Tuesday. They currently have $8.50 target price on the biopharmaceutical company’s stock.

According to Zacks, “Galmed Pharmaceuticals Ltd. is a clinical-stage biopharmaceutical company. It is focused on developing therapies for liver diseases and gallstones. Galmed Pharmaceuticals Ltd. is based in Tel Aviv, Israel. “

A number of other analysts also recently issued reports on the company. HC Wainwright reaffirmed a buy rating and set a $18.00 price target on shares of Galmed Pharmaceuticals in a report on Friday, October 27th. Seaport Global Securities reaffirmed a buy rating and set a $19.00 price target on shares of Galmed Pharmaceuticals in a report on Friday, October 6th. Finally, Maxim Group set a $14.00 price target on Galmed Pharmaceuticals and gave the stock a buy rating in a report on Thursday, October 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $18.30.

Galmed Pharmaceuticals (NASDAQ GLMD) traded up $0.16 on Tuesday, reaching $7.81. The company 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.

ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/11/17/galmed-pharmaceuticals-ltd-glmd-lifted-to-buy-at-zacks-investment-research.html.

An institutional investor recently bought a new position in Galmed Pharmaceuticals stock. KCG Holdings Inc. purchased a new position in shares of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. 8.25% of the stock is currently owned by hedge funds and other institutional investors.

Galmed Pharmaceuticals Company Profile

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.

Get a free copy of the Zacks research report on Galmed Pharmaceuticals (GLMD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Galmed Pharmaceuticals Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galmed Pharmaceuticals Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.