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 report issued on Tuesday.

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. “

Several other equities research analysts have also commented on KMDA. Jefferies Group LLC reiterated a “buy” rating and set a $7.00 price target (down from $9.00) on shares of Kamada in a research note on Wednesday, August 2nd. TheStreet lowered shares of Kamada from a “c-” rating to a “d+” rating in a research note on Tuesday, August 1st. Finally, ValuEngine lowered shares of Kamada from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.50.

Kamada (NASDAQ:KMDA) last announced its quarterly earnings results on Tuesday, August 1st. The biotechnology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $32.55 million for the quarter, compared to analyst estimates of $33.30 million. During the same period last year, the business earned ($0.04) EPS. Kamada’s revenue for the quarter was up 70.7% compared to the same quarter last year.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. increased its stake in Kamada by 17.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 38,200 shares of the biotechnology company’s stock valued at $266,000 after purchasing an additional 5,772 shares during the period. Renaissance Technologies LLC increased its stake in Kamada by 16.7% in the first quarter. Renaissance Technologies LLC now owns 264,800 shares of the biotechnology company’s stock valued at $1,801,000 after purchasing an additional 37,800 shares during the period. Nexthera Capital LP acquired a new position in Kamada in the second quarter valued at $1,805,000. Paulson & CO. Inc. increased its stake in Kamada by 8.2% in the second quarter. Paulson & CO. Inc. now owns 790,800 shares of the biotechnology company’s stock valued at $4,745,000 after purchasing an additional 60,000 shares during the period. Finally, Navellier & Associates Inc acquired a new position in Kamada in the second quarter valued at $303,000. Institutional investors own 7.29% of the company’s stock.

Kamada Company Profile

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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