Jefferies Group Comments on Gemphire Therapeutics Inc’s FY2018 Earnings (GEMP)

Gemphire Therapeutics Inc (NASDAQ:GEMP) – Stock analysts at Jefferies Group boosted their FY2018 earnings estimates for Gemphire Therapeutics in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Jefferies Group analyst M. Andrews now forecasts that the company will post earnings of ($1.93) per share for the year, up from their previous estimate of ($2.04). Jefferies Group also issued estimates for Gemphire Therapeutics’ FY2019 earnings at ($1.59) EPS, FY2020 earnings at ($1.47) EPS, FY2021 earnings at ($1.42) EPS and FY2022 earnings at ($0.45) EPS.

Several other analysts have also weighed in on the company. Roth Capital reissued a “buy” rating and issued a $30.00 target price on shares of Gemphire Therapeutics in a report on Friday, December 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $22.00 price objective on shares of Gemphire Therapeutics in a research note on Friday, October 27th. Zacks Investment Research lowered Gemphire Therapeutics from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. HC Wainwright increased their price objective on Gemphire Therapeutics from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, ValuEngine lowered Gemphire Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $22.75.

Gemphire Therapeutics (NASDAQ GEMP) traded up $0.11 during trading on Thursday, reaching $6.79. The company’s stock had a trading volume of 123,900 shares, compared to its average volume of 138,766. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.17 and a quick ratio of 4.17. The firm has a market capitalization of $92.02, a price-to-earnings ratio of -2.01 and a beta of 3.90. Gemphire Therapeutics has a 12 month low of $6.07 and a 12 month high of $21.59.

A number of large investors have recently modified their holdings of GEMP. Virtu Financial LLC acquired a new stake in Gemphire Therapeutics in the 4th quarter worth about $120,000. Advisory Services Network LLC acquired a new stake in Gemphire Therapeutics in the 2nd quarter worth about $139,000. Vanguard Group Inc. boosted its stake in Gemphire Therapeutics by 137.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,898 shares of the company’s stock worth $399,000 after buying an additional 17,892 shares during the last quarter. Comerica Bank acquired a new stake in Gemphire Therapeutics in the 3rd quarter worth about $850,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Gemphire Therapeutics by 4.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 159,964 shares of the company’s stock worth $1,520,000 after buying an additional 6,900 shares during the last quarter. 21.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Steven R. Ph.D. Gullans acquired 71,429 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $7.00 per share, with a total value of $500,003.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 34.00% of the stock is owned by company insiders.

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Gemphire Therapeutics Company Profile

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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Earnings History and Estimates for Gemphire Therapeutics (NASDAQ:GEMP)

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