William Blair Comments on Collegium Pharmaceutical’s FY2019 Earnings (COLL)
Collegium Pharmaceutical (NASDAQ:COLL) – Equities researchers at William Blair raised their FY2019 earnings per share (EPS) estimates for Collegium Pharmaceutical in a report released on Monday, April 16th. William Blair analyst T. Lugo now forecasts that the specialty pharmaceutical company will post earnings of $2.16 per share for the year, up from their prior forecast of $1.97. William Blair currently has a “Outperform” rating on the stock.
COLL has been the topic of a number of other reports. BidaskClub cut shares of Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. TheStreet upgraded shares of Collegium Pharmaceutical from a “d+” rating to a “c” rating in a report on Wednesday, March 7th. Piper Jaffray set a $33.00 price target on shares of Collegium Pharmaceutical and gave the company a “buy” rating in a report on Tuesday, January 23rd. Needham & Company LLC lifted their target price on shares of Collegium Pharmaceutical from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Collegium Pharmaceutical from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $30.83.
Collegium Pharmaceutical (NASDAQ:COLL) last released its quarterly earnings results on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.02. Collegium Pharmaceutical had a negative net margin of 262.91% and a negative return on equity of 73.00%. The business had revenue of $10.79 million for the quarter, compared to analysts’ expectations of $9.88 million. The firm’s quarterly revenue was up 728.4% compared to the same quarter last year.
In other Collegium Pharmaceutical news, Chairman Michael Thomas Heffernan sold 20,000 shares of Collegium Pharmaceutical stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $25.01, for a total transaction of $500,200.00. Following the completion of the sale, the chairman now directly owns 535,395 shares in the company, valued at approximately $13,390,228.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.76% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of Collegium Pharmaceutical during the 3rd quarter valued at approximately $192,000. Wells Fargo & Company MN increased its holdings in shares of Collegium Pharmaceutical by 12.8% during the 3rd quarter. Wells Fargo & Company MN now owns 45,254 shares of the specialty pharmaceutical company’s stock valued at $475,000 after purchasing an additional 5,136 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Collegium Pharmaceutical by 87.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,500 shares of the specialty pharmaceutical company’s stock valued at $138,000 after purchasing an additional 3,500 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Collegium Pharmaceutical by 13.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 51,119 shares of the specialty pharmaceutical company’s stock valued at $944,000 after purchasing an additional 6,083 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Collegium Pharmaceutical during the 4th quarter valued at approximately $176,000. Institutional investors and hedge funds own 86.39% of the company’s stock.
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About Collegium Pharmaceutical
Collegium Pharmaceutical, Inc, a specialty pharmaceutical company, develops and commercializes various products for patients suffering from pain. It provides DETERx platform technology that is designed to maintain the extended-release and safety profiles of highly abused drugs in the face of various methods of abuse and tampering, including chewing, crushing, and/or dissolving.
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