Collegium Pharmaceutical, Inc. (COLL) Major Shareholder Longitude Capital Partners, Ll Sells 1,000,000 Shares
Collegium Pharmaceutical, Inc. (NASDAQ:COLL) major shareholder Longitude Capital Partners, Ll sold 1,000,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $17.34, for a total value of $17,340,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Collegium Pharmaceutical, Inc. (COLL) opened at $17.91 on Wednesday. Collegium Pharmaceutical, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $20.92.
Collegium Pharmaceutical (NASDAQ:COLL) last released 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 firm had revenue of $11.95 million for the quarter, compared to analyst estimates of $5.31 million. Collegium Pharmaceutical had a negative return on equity of 77.11% and a negative net margin of 447.83%. Collegium Pharmaceutical’s revenue was up 2814.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.13) earnings per share. analysts anticipate that Collegium Pharmaceutical, Inc. will post -2.52 EPS for the current year.
A number of research analysts have recently commented on COLL shares. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price target on shares of Collegium Pharmaceutical in a report on Friday, September 8th. Zacks Investment Research raised Collegium Pharmaceutical from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, November 13th. HC Wainwright reissued a “buy” rating and set a $21.00 price target on shares of Collegium Pharmaceutical in a report on Wednesday, November 8th. Needham & Company LLC reissued 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 reissued a “buy” rating and set a $15.00 price target on shares of Collegium Pharmaceutical in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.50.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Collegium Pharmaceutical by 7.8% during the first quarter. Vanguard Group Inc. now owns 806,539 shares of the specialty pharmaceutical company’s stock worth $8,113,000 after acquiring an additional 58,398 shares during the period. Teton Advisors Inc. acquired a new position in Collegium Pharmaceutical during the third quarter worth about $283,000. Bank of New York Mellon Corp grew its holdings in Collegium Pharmaceutical by 60.7% during the second quarter. Bank of New York Mellon Corp now owns 104,961 shares of the specialty pharmaceutical company’s stock worth $1,313,000 after acquiring an additional 39,656 shares during the period. Teachers Advisors LLC grew its holdings in Collegium Pharmaceutical by 98.8% during the second quarter. Teachers Advisors LLC now owns 59,590 shares of the specialty pharmaceutical company’s stock worth $745,000 after acquiring an additional 29,617 shares during the period. Finally, Pier Capital LLC grew its holdings in Collegium Pharmaceutical by 8.1% during the second quarter. Pier Capital LLC now owns 395,658 shares of the specialty pharmaceutical company’s stock worth $4,950,000 after acquiring an additional 29,594 shares during the period. 79.98% of the stock is currently owned by hedge funds and other institutional investors.
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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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