Key Points
- Opaleye Management Inc. purchased 1,019 shares of Sol‑Gel Technologies (NASDAQ:SLGL) on Dec. 22 at $41.15 per share, increasing its direct stake to 375,549 shares valued at about $15.45 million (a 0.27% position increase).
- Sol‑Gel recently reported a loss (Q3 EPS of $(2.13)) on $0.40M revenue, has a market cap of roughly $124.3M and a 52‑week range of $4.02–$52.26, and carries a consensus analyst rating of Hold with a $50 price target.
Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) major shareholder Opaleye Management Inc. bought 260 shares of the company's stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average cost of $41.66 per share, for a total transaction of $10,831.60. Following the acquisition, the insider owned 375,809 shares of the company's stock, valued at $15,656,202.94. This represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Friday, December 26th, Opaleye Management Inc. purchased 1,626 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost of $41.68 per share, with a total value of $67,771.68.
- On Monday, December 22nd, Opaleye Management Inc. purchased 1,019 shares of Sol-Gel Technologies stock. The shares were purchased at an average price of $41.15 per share, for a total transaction of $41,931.85.
- On Wednesday, December 17th, Opaleye Management Inc. acquired 2,735 shares of Sol-Gel Technologies stock. The stock was purchased at an average cost of $40.37 per share, for a total transaction of $110,411.95.
- On Wednesday, December 3rd, Opaleye Management Inc. bought 2,524 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost of $37.81 per share, with a total value of $95,432.44.
- On Monday, December 1st, Opaleye Management Inc. bought 4,340 shares of Sol-Gel Technologies stock. The shares were purchased at an average cost of $37.37 per share, for a total transaction of $162,185.80.
Sol-Gel Technologies Trading Up 6.4%
Shares of NASDAQ SLGL opened at $44.54 on Tuesday. Sol-Gel Technologies Ltd. has a twelve month low of $4.02 and a twelve month high of $52.26. The company has a market capitalization of $124.27 million, a price-to-earnings ratio of -13.66 and a beta of 1.35. The firm has a 50-day moving average of $38.61 and a two-hundred day moving average of $26.18.
Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last announced its quarterly earnings data on Thursday, November 20th. The company reported ($2.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.09) by ($0.04). Sol-Gel Technologies had a negative return on equity of 33.61% and a negative net margin of 47.37%.The business had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.30 million. As a group, research analysts predict that Sol-Gel Technologies Ltd. will post -0.28 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Sol-Gel Technologies in a research report on Monday, December 22nd. Wall Street Zen lowered Sol-Gel Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a "hold (c)" rating on shares of Sol-Gel Technologies in a research report on Monday, December 22nd. Finally, Zacks Research raised Sol-Gel Technologies to a "hold" rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $50.00.
Read Our Latest Analysis 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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