Sol-Gel Technologies’ (SLGL) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Sol-Gel Technologies (NASDAQ:SLGL) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The firm currently has a $110.00 price target on the stock. HC Wainwright also issued estimates for Sol-Gel Technologies’ Q2 2026 earnings at ($1.29) EPS, Q3 2026 earnings at ($1.71) EPS, Q4 2026 earnings at ($1.72) EPS, Q1 2027 earnings at ($1.17) EPS, Q2 2027 earnings at ($1.09) EPS, Q3 2027 earnings at ($1.29) EPS, Q4 2027 earnings at ($1.42) EPS and FY2027 earnings at ($4.97) EPS.

Other research analysts also recently issued research reports about the company. Wall Street Zen downgraded Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Mizuho assumed coverage on Sol-Gel Technologies in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $285.00 target price on the stock. TD Cowen assumed coverage on Sol-Gel Technologies in a report on Friday, May 29th. They set a “buy” rating on the stock. Lifesci Capital upgraded Sol-Gel Technologies to a “strong-buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.50.

Sol-Gel Technologies Price Performance

Shares of NASDAQ:SLGL opened at $84.30 on Monday. The stock has a market cap of $236.88 million, a price-to-earnings ratio of -247.93 and a beta of 1.12. The company has a 50 day moving average of $74.45 and a 200-day moving average of $73.29. Sol-Gel Technologies has a one year low of $9.17 and a one year high of $97.97.

Sol-Gel Technologies (NASDAQ:SLGL) last announced its quarterly earnings data on Thursday, May 28th. The company reported ($1.31) earnings per share for the quarter, beating the consensus estimate of ($2.86) by $1.55. Sol-Gel Technologies had a negative net margin of 5.66% and a negative return on equity of 3.17%. The business had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.90 million. Equities research analysts anticipate that Sol-Gel Technologies will post -9.1 earnings per share for the current year.

Insider Activity

In other news, major shareholder Opaleye Management Inc. acquired 1,937 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $66.87 per share, for a total transaction of $129,527.19. Following the transaction, the insider directly owned 488,437 shares in the company, valued at approximately $32,661,782.19. This represents a 0.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have acquired 5,678 shares of company stock valued at $393,758. 66.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Sol-Gel Technologies

Hedge funds have recently modified their holdings of the business. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Sol-Gel Technologies in the fourth quarter valued at about $748,000. Opaleye Management Inc. boosted its position in Sol-Gel Technologies by 121.5% during the 4th quarter. Opaleye Management Inc. now owns 453,739 shares of the company’s stock worth $19,121,000 after acquiring an additional 248,904 shares during the last quarter. Finally, Affinity Asset Advisors LLC acquired a new position in Sol-Gel Technologies during the 1st quarter worth approximately $2,773,000. Institutional investors and hedge funds own 26.18% of the company’s stock.

Sol-Gel Technologies Company Profile

Sol-Gel Technologies, Inc (NASDAQ: SLGL) is a U.S.-based advanced materials company specializing in the development and commercialization of nanostructured materials using proprietary sol-gel processes. Leveraging expertise in materials chemistry and thin-film deposition, the company focuses on the production of metal oxide powders, sols, coatings and functional inks designed to enhance performance in a variety of industrial and commercial applications.

The company’s product portfolio includes corrosion- and abrasion-resistant coatings, dielectric and conductive films, catalyst supports and specialty fillers.