Alison B. Fleming Sells 4,601 Shares of Collegium Pharmaceutical, Inc. (COLL) Stock
Collegium Pharmaceutical, Inc. (NASDAQ:COLL) insider Alison B. Fleming sold 4,601 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $17.25, for a total transaction of $79,367.25. Following the transaction, the insider now owns 28,513 shares in the company, valued at $491,849.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Collegium Pharmaceutical, Inc. (COLL) traded down $2.28 on Thursday, reaching $16.30. 2,848,700 shares of the company’s stock traded hands, compared to its average volume of 490,803. Collegium Pharmaceutical, Inc. has a 52 week low of $7.37 and a 52 week high of $19.21.
Collegium Pharmaceutical (NASDAQ:COLL) last announced its earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.28. The company had revenue of $11.95 million during the quarter, compared to the consensus estimate of $5.31 million. Collegium Pharmaceutical had a negative net margin of 447.83% and a negative return on equity of 77.11%. Collegium Pharmaceutical’s revenue was up 2814.6% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) earnings per share. equities research analysts anticipate that Collegium Pharmaceutical, Inc. will post -2.56 EPS for the current year.
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COLL has been the subject of several recent analyst reports. HC Wainwright initiated coverage on shares of Collegium Pharmaceutical in a research note on Monday, September 11th. They issued a “buy” rating and a $21.00 target price for the company. BidaskClub downgraded shares of Collegium Pharmaceutical from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $15.00 target price on shares of Collegium Pharmaceutical in a research note on Thursday, September 21st. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of Collegium Pharmaceutical in a research note on Friday, October 6th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $14.00 target price on shares of Collegium Pharmaceutical in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $19.33.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pura Vida Investments LLC purchased a new position in shares of Collegium Pharmaceutical in the third quarter worth $1,229,000. Wells Fargo & Company MN raised its holdings in shares of Collegium Pharmaceutical by 12.8% in the third quarter. Wells Fargo & Company MN now owns 45,254 shares of the specialty pharmaceutical company’s stock worth $475,000 after buying an additional 5,136 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Collegium Pharmaceutical by 773.8% in the third quarter. Citadel Advisors LLC now owns 544,033 shares of the specialty pharmaceutical company’s stock worth $5,707,000 after buying an additional 481,771 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Collegium Pharmaceutical in the third quarter worth $192,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Collegium Pharmaceutical in the third quarter worth $201,000. 77.23% of the stock is owned by institutional investors and hedge funds.
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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