Key Points
- Opaleye Management purchased 2,735 shares of Sol‑Gel on Dec. 17 at an average price of $40.37 (≈$110,412), increasing its stake to 374,530 shares (a 0.74% rise, valued at ≈$15.12M); it also bought 4,340 and 2,524 shares on Dec. 1 and Dec. 3 at roughly $37.37 and $37.81.
- Sol‑Gel reported a quarterly loss of ($2.13) EPS with a negative net margin and just $0.4M revenue, trades around $42 with a market cap of ≈$117.6M, and carries a consensus rating of Hold with a consensus price target of $50 (HC Wainwright raised its target to $50).
Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) major shareholder Opaleye Management Inc. bought 2,735 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average price of $40.37 per share, for a total transaction of $110,411.95. Following the completion of the purchase, the insider directly owned 374,530 shares of the company's stock, valued at approximately $15,119,776.10. This trade represents a 0.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Wednesday, December 3rd, Opaleye Management Inc. purchased 2,524 shares of Sol-Gel Technologies stock. The stock was purchased at an average price of $37.81 per share, with a total value of $95,432.44.
- On Monday, December 1st, Opaleye Management Inc. acquired 4,340 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $37.37 per share, for a total transaction of $162,185.80.
Sol-Gel Technologies Trading Down 1.4%
Shares of SLGL opened at $42.16 on Friday. The firm has a market capitalization of $117.63 million, a price-to-earnings ratio of -12.93 and a beta of 1.36. The firm's fifty day simple moving average is $38.33 and its 200-day simple moving average is $24.43. Sol-Gel Technologies Ltd. has a twelve month low of $4.02 and a twelve month high of $52.26.
Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last posted its earnings results on Thursday, November 20th. The company reported ($2.13) EPS for the quarter, missing the consensus estimate of ($2.09) by ($0.04). Sol-Gel Technologies had a negative net margin of 47.37% and a negative return on equity of 33.61%. The business had revenue of $0.40 million during the quarter, compared to analysts' expectations of $0.30 million. On average, analysts predict that Sol-Gel Technologies Ltd. will post -0.28 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on SLGL. HC Wainwright raised their target price on Sol-Gel Technologies from $6.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, October 27th. Weiss Ratings reissued a "hold (c)" rating on shares of Sol-Gel Technologies in a report on Tuesday. Wall Street Zen cut shares of Sol-Gel Technologies from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Finally, Zacks Research upgraded shares of Sol-Gel Technologies to a "hold" rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.00.
View Our Latest Report on Sol-Gel Technologies
About Sol-Gel Technologies
(
Get Free Report)
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.
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