Collegium Pharmaceutical Inc (NASDAQ:COLL) has been assigned an average rating of “Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $31.80.
COLL has been the subject of a number of analyst reports. Janney Montgomery Scott set a $26.00 target price on shares of Collegium Pharmaceutical and gave the company a “buy” rating in a research note on Tuesday, February 6th. Piper Jaffray Companies set a $33.00 target price on shares of Collegium Pharmaceutical and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Zacks Investment Research cut shares of Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Jefferies Group lifted their target price on shares of Collegium Pharmaceutical to $27.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, TheStreet upgraded shares of Collegium Pharmaceutical from a “d+” rating to a “c” rating in a research note on Wednesday, March 7th.
In other news, insider Alison B. Fleming sold 6,928 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $19.07, for a total value of $132,116.96. Following the completion of the sale, the insider now directly owns 32,651 shares in the company, valued at $622,654.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Thomas Heffernan sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $25.01, for a total transaction of $500,200.00. Following the completion of the sale, the chairman now owns 535,395 shares of the company’s stock, valued at $13,390,228.95. The disclosure for this sale can be found here. Insiders sold 46,928 shares of company stock valued at $1,082,317 over the last 90 days. 25.76% of the stock is owned by corporate insiders.
Shares of Collegium Pharmaceutical (NASDAQ COLL) opened at $27.59 on Wednesday. Collegium Pharmaceutical has a one year low of $7.37 and a one year high of $29.90.
Collegium Pharmaceutical (NASDAQ:COLL) last posted its earnings results on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.54) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.02. The firm had revenue of $10.79 million during the quarter, compared to analysts’ expectations of $9.88 million. Collegium Pharmaceutical had a negative net margin of 262.91% and a negative return on equity of 73.00%. The firm’s revenue for the quarter was up 728.4% compared to the same quarter last year. research analysts expect that Collegium Pharmaceutical will post -0.71 earnings per share for the current fiscal 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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