Kamada (NASDAQ:KMDA) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Kamada (NASDAQ:KMDAGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the biotechnology company’s stock.

Separately, Zacks Investment Research upgraded Kamada from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Wednesday, April 13th.

Shares of KMDA stock opened at $5.37 on Wednesday. The firm’s 50-day moving average price is $5.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.41. The firm has a market cap of $239.07 million, a PE ratio of -107.38 and a beta of 1.05. Kamada has a twelve month low of $5.11 and a twelve month high of $6.96.

Kamada (NASDAQ:KMDAGet Rating) last announced its quarterly earnings results on Tuesday, March 15th. The biotechnology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.09). The firm had revenue of $31.47 million for the quarter, compared to analyst estimates of $22.24 million. Kamada had a negative net margin of 2.15% and a negative return on equity of 0.91%. During the same period in the previous year, the firm posted $0.04 EPS. On average, analysts expect that Kamada will post 0.14 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in KMDA. Phoenix Holdings Ltd. raised its position in shares of Kamada by 39.3% during the fourth quarter. Phoenix Holdings Ltd. now owns 1,284,137 shares of the biotechnology company’s stock worth $8,450,000 after purchasing an additional 362,474 shares during the period. Altshuler Shaham Ltd boosted its stake in shares of Kamada by 2.5% during the 3rd quarter. Altshuler Shaham Ltd now owns 927,474 shares of the biotechnology company’s stock worth $4,941,000 after acquiring an additional 22,222 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Kamada by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 454,137 shares of the biotechnology company’s stock worth $2,988,000 after acquiring an additional 6,829 shares in the last quarter. BlackRock Inc. boosted its stake in Kamada by 1,091.3% during the 4th quarter. BlackRock Inc. now owns 227,660 shares of the biotechnology company’s stock valued at $1,498,000 after purchasing an additional 208,549 shares during the period. Finally, Morgan Stanley boosted its stake in Kamada by 10.7% during the 2nd quarter. Morgan Stanley now owns 206,619 shares of the biotechnology company’s stock valued at $1,203,000 after purchasing an additional 19,953 shares during the period. Institutional investors and hedge funds own 20.41% of the company’s stock.

About Kamada (Get Rating)

Kamada Ltd. develops, produces, and markets plasma-derived protein therapeutics for orphan indications. It operates in two segments, Proprietary Products and Distribution. The company offers Glassia for use in chronic augmentation and maintenance therapy in adults with emphysema due to AATD, KAMRAB/KEDRAB a plasma-derived hyper- immunoglobulin for prophylactic treatment against rabies infection.

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