Collegium Pharmaceutical, Inc. (COLL) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Collegium Pharmaceutical, Inc. (NASDAQ:COLL) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $20.17.
A number of equities analysts have issued reports on the stock. Piper Jaffray Companies set a $19.00 target price on shares of Collegium Pharmaceutical and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. HC Wainwright reiterated a “buy” rating and set a $21.00 price target on shares of Collegium Pharmaceutical in a report on Friday, November 17th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Collegium Pharmaceutical in a report on Friday, October 6th. Finally, Jefferies Group reiterated a “buy” rating and set a $15.00 price target on shares of Collegium Pharmaceutical in a report on Friday, October 6th.
In related news, insider Alison B. Fleming sold 4,601 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $17.25, for a total value of $79,367.25. Following the completion of the sale, the insider now directly owns 28,513 shares in the company, valued at $491,849.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Alison B. Fleming sold 4,029 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $17.00, for a total transaction of $68,493.00. Following the completion of the sale, the chief technology officer now owns 28,513 shares of the company’s stock, valued at $484,721. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,630 shares of company stock valued at $924,360. Insiders own 25.76% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its holdings in Collegium Pharmaceutical by 27.8% in the first quarter. American International Group Inc. now owns 9,948 shares of the specialty pharmaceutical company’s stock valued at $100,000 after purchasing an additional 2,163 shares during the period. Voya Investment Management LLC purchased a new stake in Collegium Pharmaceutical during the second quarter worth approximately $125,000. Credit Suisse AG grew its stake in Collegium Pharmaceutical by 9.4% during the first quarter. Credit Suisse AG now owns 13,630 shares of the specialty pharmaceutical company’s stock worth $137,000 after buying an additional 1,173 shares during the period. UBS Group AG grew its stake in Collegium Pharmaceutical by 283.2% during the first quarter. UBS Group AG now owns 13,767 shares of the specialty pharmaceutical company’s stock worth $139,000 after buying an additional 10,174 shares during the period. Finally, Nationwide Fund Advisors grew its stake in Collegium Pharmaceutical by 27.8% during the second quarter. Nationwide Fund Advisors now owns 12,889 shares of the specialty pharmaceutical company’s stock worth $161,000 after buying an additional 2,802 shares during the period. Hedge funds and other institutional investors own 79.98% of the company’s stock.
Collegium Pharmaceutical (NASDAQ COLL) opened at $17.00 on Monday. Collegium Pharmaceutical 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 447.83% and a negative return on equity of 77.11%. The firm’s quarterly revenue was up 2814.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.13) earnings per share. equities analysts anticipate that Collegium Pharmaceutical will post -2.56 earnings per share for the current year.
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About Collegium Pharmaceutical
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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