Collegium Pharmaceutical Inc. (NASDAQ:COLL) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.99 and last traded at $9.04, with a volume of 121,847 shares. The stock had previously closed at $9.61.

Several brokerages have issued reports on COLL. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target (up previously from $28.00) on shares of Collegium Pharmaceutical in a report on Thursday, May 26th. Zacks Investment Research upgraded Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a report on Tuesday, May 24th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $26.00 price target on shares of Collegium Pharmaceutical in a report on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Collegium Pharmaceutical currently has a consensus rating of “Buy” and an average target price of $28.25.

The company’s market capitalization is $211.52 million. The company has a 50 day moving average of $11.70 and a 200 day moving average of $15.51.

Collegium Pharmaceutical (NASDAQ:COLL) last announced its quarterly earnings results on Wednesday, August 10th. The specialty pharmaceutical company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.76) by $0.29. On average, analysts predict that Collegium Pharmaceutical Inc. will post ($3.88) EPS for the current year.

In other Collegium Pharmaceutical news, Director John A. Fallon purchased 2,375 shares of Collegium Pharmaceutical stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $10.59 per share, for a total transaction of $25,151.25. Following the acquisition, the director now directly owns 2,375 shares in the company, valued at $25,151.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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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