Collegium Pharmaceutical Inc. (COLL) Shares Up 3.1%
Shares of Collegium Pharmaceutical Inc. (NASDAQ:COLL) shot up 3.1% during trading on Wednesday . The stock traded as high as $12.45 and last traded at $12.30, with a volume of 51,210 shares changing hands. The stock had previously closed at $11.93.
Several research firms recently commented on COLL. Zacks Investment Research upgraded shares of Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. Piper Jaffray Cos. restated a “buy” rating and set a $27.00 price target (up previously from $26.00) on shares of Collegium Pharmaceutical in a research report on Thursday, June 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $30.00 price target (up previously from $28.00) on shares of Collegium Pharmaceutical in a research report on Thursday, May 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $29.25.
The stock’s 50-day moving average is $13.25 and its 200-day moving average is $16.49. The company’s market cap is $298.79 million.
Collegium Pharmaceutical (NASDAQ:COLL) last released its quarterly earnings results on Tuesday, May 10th. The specialty pharmaceutical company reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.60) by $0.08. On average, analysts predict that Collegium Pharmaceutical Inc. will post ($3.25) EPS for the current year.
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is developing and planning to commercialize abuse-deterrent products that include its DETERx platform technology for the treatment of chronic pain and other diseases. The Company’s lead product candidate, Xtampza ER (Xtampza) is an abuse-deterrent, extended-release, oral formulation of oxycodone, opioid medication.
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