Shares of Collegium Pharmaceutical, Inc. (NASDAQ:COLL) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.50.
Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $24.00 price target on shares of Collegium Pharmaceutical in a research note on Thursday. HC Wainwright assumed coverage on Collegium Pharmaceutical in a research note on Monday, September 11th. They issued a “buy” rating and a $21.00 price target for the company. Needham & Company LLC increased their price target on Collegium Pharmaceutical from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Jefferies Group increased their price target on Collegium Pharmaceutical to $27.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research raised Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a research note on Monday, August 14th.
In related news, CEO Michael Thomas Heffernan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.53, for a total transaction of $776,500.00. Following the completion of the sale, the chief executive officer now owns 558,987 shares of the company’s stock, valued at $8,681,068.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alison B. Fleming sold 4,029 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $17.00, for a total value of $68,493.00. Following the sale, the chief technology officer now directly owns 28,513 shares of the company’s stock, valued at approximately $484,721. The disclosure for this sale can be found here. Insiders have sold 58,630 shares of company stock valued at $924,360 in the last ninety days. 25.76% of the stock is currently owned by insiders.
Shares of Collegium Pharmaceutical (COLL) traded up $1.13 during mid-day trading on Monday, hitting $18.34. The stock had a trading volume of 1,111,343 shares, compared to its average volume of 511,621. Collegium Pharmaceutical has a 12 month low of $7.37 and a 12 month high of $20.92.
Collegium Pharmaceutical (NASDAQ:COLL) last issued its quarterly earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.28. The company had revenue of $11.95 million during the quarter, compared to analysts’ expectations of $5.31 million. Collegium Pharmaceutical had a negative return on equity of 77.11% and a negative net margin of 447.83%. The business’s quarterly revenue was up 2814.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) earnings per share. sell-side analysts expect that Collegium Pharmaceutical will post -2.56 EPS for the current year.
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Collegium Pharmaceutical Company Profile
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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