Zacks Investment Research Downgrades Kamada Ltd. (KMDA) to Sell

Kamada Ltd. (NASDAQ:KMDA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Kamada Ltd. is a biopharmaceutical company. It develops, produces and markets therapeutics based on chromatographic purification technology. The company offers bio-therapeutics for specialty proteins, specific immunoglobulins and other prescription medicines. Kamada Ltd. is headquartered in Ness Ziona, Israel. “

Other analysts have also issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and issued a $7.00 price target (down previously from $9.00) on shares of Kamada in a research report on Wednesday, August 2nd. TheStreet lowered shares of Kamada from a “c-” rating to a “d+” rating in a research report on Tuesday, August 1st. Finally, ValuEngine lowered shares of Kamada from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Kamada presently has an average rating of “Hold” and a consensus price target of $8.50.

Shares of Kamada (KMDA) remained flat at $4.75 on Wednesday. The company had a trading volume of 20,711 shares. The firm’s market capitalization is $177.65 million. Kamada has a one year low of $3.75 and a one year high of $8.61. The stock has a 50 day moving average price of $4.57 and a 200 day moving average price of $6.03.

Kamada (NASDAQ:KMDA) last posted its quarterly earnings results on Tuesday, August 1st. The biotechnology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Kamada had a negative net margin of 2.24% and a negative return on equity of 2.94%. The company had revenue of $32.55 million for the quarter, compared to analyst estimates of $33.30 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was up 70.7% compared to the same quarter last year. Equities research analysts predict that Kamada will post $0.09 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Paulson & CO. Inc. increased its holdings in Kamada by 8.2% during the 2nd quarter. Paulson & CO. Inc. now owns 790,800 shares of the biotechnology company’s stock worth $4,745,000 after acquiring an additional 60,000 shares during the period. Navellier & Associates Inc bought a new stake in Kamada during the 2nd quarter worth approximately $303,000. Nexthera Capital LP bought a new stake in Kamada during the 2nd quarter worth approximately $1,805,000. Vanguard Group Inc. increased its holdings in Kamada by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 468,390 shares of the biotechnology company’s stock worth $2,810,000 after acquiring an additional 28,382 shares during the period. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in Kamada by 10.5% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 42,200 shares of the biotechnology company’s stock worth $251,000 after acquiring an additional 4,000 shares during the period. 7.29% of the stock is currently owned by institutional investors and hedge funds.

About Kamada

Kamada Ltd. is an Israel-based biopharmaceutical company, which develops, produces and markets therapeutics, based on chromatographic purification technology. It offers bio-therapeutics for human use, such as specialty proteins, specific immunoglobulins, and other prescription medicines. The Company’s product line includes intravenous AAT for chronic replacement therapy in individuals with congenital alpha-1 antitrypsin deficiency; KamRAB for prophylaxis of rabies infection; KamRho-D IM for prophylaxis of Rh hemolytic disease of the newborn; KamRho-D IV for treatment of immune thrombocytopenic purpura; and IVIG, a replacement therapy in primary and secondary immune therapy.

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