Shares of GlycoMimetics, Inc. (NASDAQ:GLYC) have received a consensus rating of “Buy” from the nine research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.33.
A number of research firms have weighed in on GLYC. Zacks Investment Research lowered GlycoMimetics from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. BidaskClub upgraded GlycoMimetics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. SunTrust Banks, Inc. set a $21.00 target price on GlycoMimetics and gave the stock a “buy” rating in a research note on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 target price (up previously from $13.00) on shares of GlycoMimetics in a research note on Friday, August 4th. Finally, ValuEngine upgraded GlycoMimetics from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
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In other news, SVP Helen M. Thackray sold 2,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $13.00, for a total transaction of $26,000.00. Following the transaction, the senior vice president now owns 150,615 shares in the company, valued at $1,957,995. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 43.80% of the company’s stock.
Shares of GlycoMimetics (NASDAQ GLYC) traded up $0.09 on Monday, reaching $12.27. The company had a trading volume of 177,440 shares, compared to its average volume of 945,483. GlycoMimetics has a 12 month low of $3.82 and a 12 month high of $16.94.
GlycoMimetics (NASDAQ:GLYC) last issued its quarterly earnings results on Wednesday, November 8th. The biotechnology company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.04. analysts anticipate that GlycoMimetics will post -1.15 EPS for the current year.
GlycoMimetics, Inc is a clinical-stage biotechnology company. The Company focuses on the discovery and development of glycomimetic drugs. The Company operates through the identification and development of glycomimetic compounds segment. The Company is developing its lead drug candidate, GMI-1070 (Rivipansel), for the treatment of vaso-occlusive crisis (VOC), a debilitating and painful condition that occurs periodically throughout the life of a person with sickle cell disease.
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