Jefferies Group Increases Collegium Pharmaceutical (COLL) Price Target to $27.00
Collegium Pharmaceutical (NASDAQ:COLL) had its price objective increased by stock analysts at Jefferies Group to $27.00 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the specialty pharmaceutical company’s stock. Jefferies Group’s target price points to a potential upside of 56.89% from the stock’s previous close. Jefferies Group also issued estimates for Collegium Pharmaceutical’s FY2021 earnings at $1.36 EPS.
A number of other analysts have also issued reports on the stock. Piper Jaffray Companies set a $19.00 price objective on shares of Collegium Pharmaceutical and gave the company a “buy” rating in a research note on Wednesday, November 29th. HC Wainwright reiterated a “buy” rating and set a $21.00 price objective on shares of Collegium Pharmaceutical in a research note on Friday, November 17th. Zacks Investment Research upgraded shares of Collegium Pharmaceutical from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, November 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Collegium Pharmaceutical in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.67.
Collegium Pharmaceutical (NASDAQ COLL) opened at $17.21 on Tuesday. Collegium Pharmaceutical has a 12-month low of $7.37 and a 12-month high of $20.92.
Collegium Pharmaceutical (NASDAQ:COLL) last announced its quarterly earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.28. The firm had revenue of $11.95 million for 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%. 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 posted ($1.13) earnings per share. research analysts forecast that Collegium Pharmaceutical will post -2.56 earnings per share for the current year.
In related news, CEO Michael Thomas Heffernan sold 50,000 shares of Collegium Pharmaceutical stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $15.53, for a total value of $776,500.00. Following the completion of the sale, the chief executive officer now owns 558,987 shares in the company, valued at $8,681,068.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alison B. Fleming sold 4,601 shares of Collegium Pharmaceutical stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $17.25, for a total transaction of $79,367.25. Following the completion of the sale, the insider now owns 28,513 shares of the company’s stock, valued at approximately $491,849.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,630 shares of company stock valued at $924,360. Insiders own 25.76% of the company’s stock.
Large investors have recently modified their holdings of the stock. American International Group Inc. increased its stake in shares of 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 worth $100,000 after buying an additional 2,163 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Collegium Pharmaceutical in the second quarter worth $125,000. Nationwide Fund Advisors increased its stake in shares of Collegium Pharmaceutical by 27.8% in 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 last quarter. Credit Suisse AG increased its stake in shares of Collegium Pharmaceutical by 9.4% in 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 last quarter. Finally, UBS Group AG increased its stake in shares of Collegium Pharmaceutical by 283.2% in 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 last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.
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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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