Collegium Pharmaceutical, Inc. (NASDAQ:COLL) shares saw unusually-strong trading volume on Tuesday after Needham & Company LLC raised their price target on the stock from $25.00 to $28.00. Needham & Company LLC currently has a buy rating on the stock. Approximately 2,355,241 shares changed hands during mid-day trading, an increase of 365% from the previous session’s volume of 506,366 shares.The stock last traded at $17.74 and had previously closed at $16.94.
COLL has been the topic of a number of other reports. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price objective on shares of Collegium Pharmaceutical in a report on Friday, September 8th. Zacks Investment Research upgraded Collegium Pharmaceutical from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday, November 13th. HC Wainwright restated a “buy” rating and issued a $21.00 target price on shares of Collegium Pharmaceutical in a research note on Wednesday, November 8th. Finally, Jefferies Group restated a “buy” rating and issued a $15.00 target price on shares of Collegium Pharmaceutical in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $22.67.
In other Collegium Pharmaceutical news, CTO Alison B. Fleming sold 4,029 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $17.00, for a total transaction of $68,493.00. Following the transaction, the chief technology officer now owns 28,513 shares in the company, valued at $484,721. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Thomas Heffernan sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $15.53, for a total value of $776,500.00. Following the transaction, the chief executive officer now owns 558,987 shares in the company, valued at approximately $8,681,068.11. The disclosure for this sale can be found here. Insiders sold 58,630 shares of company stock worth $924,360 in the last 90 days. Company insiders own 25.76% of the company’s stock.
Collegium Pharmaceutical (NASDAQ:COLL) last issued its quarterly 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 company had revenue of $11.95 million for the quarter, compared to the consensus estimate 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 for the quarter was up 2814.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.13) earnings per share. analysts predict that Collegium Pharmaceutical, Inc. will post -2.56 EPS for the current fiscal year.
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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