Insider Buying: Galectin Therapeutics Inc. (GALT) CFO Buys 2,354 Shares of Stock
Galectin Therapeutics Inc. (NASDAQ:GALT) CFO Jack W. Callicutt acquired 2,354 shares of the stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $4.28 per share, for a total transaction of $10,075.12. Following the completion of the transaction, the chief financial officer now directly owns 3,614 shares of the company’s stock, valued at $15,467.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:GALT opened at $3.91 on Tuesday. The stock has a market capitalization of $183.74 million, a P/E ratio of -10.29 and a beta of 3.31. Galectin Therapeutics Inc. has a 12 month low of $3.17 and a 12 month high of $9.49.
Galectin Therapeutics (NASDAQ:GALT) last posted its earnings results on Friday, May 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. As a group, analysts anticipate that Galectin Therapeutics Inc. will post -0.52 EPS for the current fiscal year.
A number of equities research analysts recently commented on GALT shares. ValuEngine upgraded Galectin Therapeutics from a “hold” rating to a “buy” rating in a research report on Sunday, March 31st. B. Riley started coverage on Galectin Therapeutics in a research report on Wednesday, February 13th. They issued a “buy” rating and a $11.00 target price on the stock. Finally, Zacks Investment Research downgraded Galectin Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.42.
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Galectin Therapeutics Company Profile
Galectin Therapeutics, Inc, a clinical stage biopharmaceutical company, engages in the research and development of therapies for fibrotic, skin, and cancer diseases. The company's lead product candidate includes GR-MD-02 galectin-3 inhibitor, a galactoarabino-rhamnogalacturonan polysaccharide polymer that is in Phase III clinical trial for the treatment of liver fibrosis associated with fatty liver disease and non-alcoholic steatohepatitis cirrhosis, as well as for the treatment of cancer.
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