Sol-Gel Technologies Ltd. (NASDAQ:SLGL) Receives $110.00 Consensus Target Price from Brokerages

Shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $197.50.

A number of brokerages have commented on SLGL. Wall Street Zen cut shares of Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen began coverage on shares of Sol-Gel Technologies in a research report on Friday, May 29th. They set a “buy” rating on the stock. Mizuho began coverage on shares of Sol-Gel Technologies in a research report on Wednesday, June 24th. They set an “outperform” rating and a $285.00 price target on the stock. Weiss Ratings cut shares of Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, Lifesci Capital upgraded shares of Sol-Gel Technologies to a “strong-buy” rating in a research report on Friday, May 15th.

Sol-Gel Technologies Trading Up 1.2%

Shares of NASDAQ SLGL opened at $74.41 on Tuesday. Sol-Gel Technologies has a 12 month low of $6.96 and a 12 month high of $97.97. The firm has a market capitalization of $209.09 million, a price-to-earnings ratio of -218.85 and a beta of 1.13. The business has a 50-day moving average of $72.77 and a 200-day moving average of $69.09.

Sol-Gel Technologies (NASDAQ:SLGL) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($1.31) EPS for the quarter, topping the consensus estimate of ($2.86) by $1.55. Sol-Gel Technologies had a negative return on equity of 3.17% and a negative net margin of 5.66%.The company had revenue of $0.11 million during the quarter, compared to analyst estimates of $0.90 million. On average, analysts predict that Sol-Gel Technologies will post -9.1 earnings per share for the current year.

Insider Buying and Selling

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. purchased 1,937 shares of Sol-Gel Technologies stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $66.87 per share, for a total transaction of $129,527.19. Following the completion of the transaction, the insider directly owned 488,437 shares of the company’s stock, valued at approximately $32,661,782.19. The trade was a 0.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 66.51% of the stock is owned by insiders.

Institutional Trading of Sol-Gel Technologies

Institutional investors have recently made changes to their positions in the stock. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Sol-Gel Technologies during the fourth quarter valued at approximately $748,000. Opaleye Management Inc. grew its holdings in Sol-Gel Technologies by 121.5% in the 4th quarter. Opaleye Management Inc. now owns 453,739 shares of the company’s stock worth $19,121,000 after acquiring an additional 248,904 shares during the last quarter. Finally, Affinity Asset Advisors LLC bought a new stake in Sol-Gel Technologies in the 1st quarter worth $2,773,000. Hedge funds and other institutional investors own 26.18% of the company’s stock.

About Sol-Gel Technologies

Sol-Gel Technologies, Inc (NASDAQ: SLGL) is a U.S.-based advanced materials company specializing in the development and commercialization of nanostructured materials using proprietary sol-gel processes. Leveraging expertise in materials chemistry and thin-film deposition, the company focuses on the production of metal oxide powders, sols, coatings and functional inks designed to enhance performance in a variety of industrial and commercial applications.

The company’s product portfolio includes corrosion- and abrasion-resistant coatings, dielectric and conductive films, catalyst supports and specialty fillers.