Sol-Gel Technologies Ltd. (NASDAQ:SLGL) Given Consensus Rating of “Moderate Buy” by Brokerages

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $197.50.

A number of brokerages recently weighed in on SLGL. Mizuho assumed coverage on shares of Sol-Gel Technologies in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $285.00 price target on the stock. Weiss Ratings cut Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. HC Wainwright restated a “buy” rating and issued a $110.00 target price on shares of Sol-Gel Technologies in a research report on Monday, July 20th. TD Cowen assumed coverage on Sol-Gel Technologies in a research note on Friday, May 29th. They issued a “buy” rating on the stock. Finally, Lifesci Capital upgraded Sol-Gel Technologies to a “strong-buy” rating in a research report on Friday, May 15th.

Sol-Gel Technologies Stock Performance

Sol-Gel Technologies stock opened at $77.92 on Wednesday. The stock has a market capitalization of $218.96 million, a P/E ratio of -229.17 and a beta of 1.12. The company’s fifty day moving average price is $77.77 and its 200 day moving average price is $75.64. Sol-Gel Technologies has a 1 year low of $14.78 and a 1 year high of $97.97.

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

Insider Transactions at Sol-Gel Technologies

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. bought 1,400 shares of the stock in a transaction on Thursday, July 2nd. The shares were bought at an average price of $71.97 per share, with a total value of $100,758.00. Following the purchase, the insider directly owned 491,712 shares in the company, valued at $35,388,512.64. This trade represents a 0.29% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have acquired 2,241 shares of company stock worth $162,260. Insiders own 66.51% of the company’s stock.

Hedge Funds Weigh In On Sol-Gel Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the business. Yelin Lapidot Holdings Management Ltd. acquired a new position in Sol-Gel Technologies during the fourth quarter worth about $748,000. Affinity Asset Advisors LLC acquired a new stake in Sol-Gel Technologies in the 1st quarter valued at about $2,773,000. Finally, Opaleye Management Inc. raised 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 valued at $19,121,000 after acquiring an additional 248,904 shares during the last quarter. 26.18% of the stock is owned by hedge funds and other institutional investors.

Sol-Gel Technologies Company Profile

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.