$4.33 Million in Sales Expected for Collegium Pharmaceutical, Inc. (COLL) This Quarter
Wall Street analysts expect Collegium Pharmaceutical, Inc. (NASDAQ:COLL) to report sales of $4.33 million for the current quarter, Zacks reports. Three analysts have made estimates for Collegium Pharmaceutical’s earnings. The lowest sales estimate is $3.62 million and the highest is $4.84 million. The firm is expected to issue its next quarterly earnings results on Wednesday, August 9th.
According to Zacks, analysts expect that Collegium Pharmaceutical will report full-year sales of $4.33 million for the current fiscal year, with estimates ranging from $18.70 million to $30.08 million. For the next year, analysts expect that the business will report sales of $72.59 million per share, with estimates ranging from $65.55 million to $87.67 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Collegium Pharmaceutical.
Collegium Pharmaceutical (NASDAQ:COLL) last released its quarterly earnings results on Wednesday, May 10th. The specialty pharmaceutical company reported ($0.79) EPS for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.19. The business had revenue of $2.17 million for the quarter, compared to the consensus estimate of $3.55 million.
COLL has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Jefferies Group LLC set a $24.00 price objective on shares of Collegium Pharmaceutical and gave the stock a “buy” rating in a research note on Saturday, March 25th. Janney Montgomery Scott reissued a “buy” rating and issued a $25.00 price objective on shares of Collegium Pharmaceutical in a research note on Monday, June 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Collegium Pharmaceutical in a research note on Friday, June 9th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $22.83.
In other news, insider Paul Brannelly acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $9.18 per share, with a total value of $91,800.00. Following the completion of the purchase, the insider now directly owns 110,227 shares in the company, valued at $1,011,883.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 25.76% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Collegium Pharmaceutical by 46.1% in the fourth quarter. State Street Corp now owns 289,219 shares of the specialty pharmaceutical company’s stock valued at $4,530,000 after buying an additional 91,287 shares during the last quarter. FMR LLC increased its stake in shares of Collegium Pharmaceutical by 20.2% in the fourth quarter. FMR LLC now owns 915,673 shares of the specialty pharmaceutical company’s stock valued at $14,257,000 after buying an additional 153,600 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Collegium Pharmaceutical by 98.2% in the fourth quarter. Franklin Resources Inc. now owns 1,797,902 shares of the specialty pharmaceutical company’s stock valued at $27,994,000 after buying an additional 890,868 shares during the last quarter. Eventide Asset Management LLC increased its stake in shares of Collegium Pharmaceutical by 3.4% in the fourth quarter. Eventide Asset Management LLC now owns 2,077,751 shares of the specialty pharmaceutical company’s stock valued at $32,351,000 after buying an additional 67,473 shares during the last quarter. Finally, Perceptive Advisors LLC purchased a new stake in shares of Collegium Pharmaceutical during the fourth quarter valued at about $3,063,000. 82.30% of the stock is owned by institutional investors and hedge funds.
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Collegium Pharmaceutical (NASDAQ:COLL) traded up 4.23% on Friday, reaching $11.59. The company’s stock had a trading volume of 299,246 shares. The company’s market capitalization is $341.42 million. The firm has a 50-day moving average of $9.28 and a 200-day moving average of $12.94. Collegium Pharmaceutical has a one year low of $7.37 and a one year high of $20.55.
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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