Shares of Galapagos NV (NASDAQ:GLPG – Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $28.79 and last traded at $28.86, with a volume of 105558 shares traded. The stock had previously closed at $29.45.
Analyst Ratings Changes
Several research analysts have recently weighed in on GLPG shares. StockNews.com cut Galapagos from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Bank of America reaffirmed an “underperform” rating and set a $31.00 price objective (down from $41.00) on shares of Galapagos in a research report on Thursday, March 28th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $38.00 price target on shares of Galapagos in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Galapagos has an average rating of “Hold” and a consensus target price of $34.50.
Get Our Latest Analysis on Galapagos
Galapagos Price Performance
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its stake in Galapagos by 173.8% in the third quarter. Acadian Asset Management LLC now owns 19,149 shares of the biotechnology company’s stock valued at $661,000 after buying an additional 12,154 shares during the period. FMR LLC raised its stake in Galapagos by 0.7% in the third quarter. FMR LLC now owns 4,317,676 shares of the biotechnology company’s stock valued at $149,176,000 after buying an additional 28,497 shares during the period. China Universal Asset Management Co. Ltd. raised its stake in Galapagos by 357.6% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 2,265 shares of the biotechnology company’s stock valued at $92,000 after buying an additional 1,770 shares during the period. Citigroup Inc. raised its stake in Galapagos by 7,243.0% in the third quarter. Citigroup Inc. now owns 90,686 shares of the biotechnology company’s stock valued at $3,133,000 after buying an additional 89,451 shares during the period. Finally, Hudson Bay Capital Management LP raised its stake in Galapagos by 7.7% in the third quarter. Hudson Bay Capital Management LP now owns 350,000 shares of the biotechnology company’s stock valued at $12,092,000 after buying an additional 25,000 shares during the period. 32.46% of the stock is owned by institutional investors and hedge funds.
Galapagos Company Profile
Galapagos NV, a biotechnology company, develops medicines focusing on oncology and immunology primarily in the United States and Europe. The company's pipeline products comprise GLPG3667 that has completed phase 1b trial; GLPG5101, a CD19 CAR-T product candidate manufactured at point-of-care, currently in Phase1/2 trial in relapsed/refractory non-hodgkin lymphoma; GLPG5201, a CD19 CAR-T product candidates manufactured at point-of-care, currently in phase 1/2 trial in replapsed/refractory chronic lymphocytic leukemia; and GLPG5301, a BCMA CAR-T product candidate manufactured at point-of-care, currently in phase 1/2 in relapsed/refractory multiple myeloma.
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