Key Points
- Opaleye Management purchased 1,151 shares of Sol‑Gel on Jan. 23 at $55.98, bringing its holdings to 449,844 shares valued at about $25.18 million — a 0.26% increase in its position.
- Opaleye has been actively accumulating SLGL in recent weeks, including large buys of 35,169 shares on Dec. 30 and 22,497 shares on Dec. 31, signaling sustained insider buying.
- Sol‑Gel (NASDAQ:SLGL) has a market cap near $163M, negative earnings and a wide 52‑week range ($4.02–$75.00); analysts’ consensus is a Hold with an average price target of $110.
Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) major shareholder Opaleye Management Inc. bought 1,151 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were purchased at an average price of $55.98 per share, for a total transaction of $64,432.98. Following the purchase, the insider owned 449,844 shares in the company, valued at $25,182,267.12. This represents a 0.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Opaleye Management Inc. also recently made the following trade(s):
- On Thursday, January 22nd, Opaleye Management Inc. purchased 2,173 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $56.57 per share, for a total transaction of $122,926.61.
- On Wednesday, December 31st, Opaleye Management Inc. acquired 22,497 shares of Sol-Gel Technologies stock. The stock was acquired at an average price of $41.99 per share, for a total transaction of $944,649.03.
- On Tuesday, December 30th, Opaleye Management Inc. acquired 35,169 shares of Sol-Gel Technologies stock. The stock was acquired at an average cost of $41.99 per share, with a total value of $1,476,746.31.
- On Monday, December 29th, Opaleye Management Inc. bought 8,638 shares of Sol-Gel Technologies stock. The shares were acquired at an average price of $41.85 per share, with a total value of $361,500.30.
- On Friday, December 26th, Opaleye Management Inc. bought 1,626 shares of Sol-Gel Technologies stock. The shares were acquired at an average cost of $41.68 per share, for a total transaction of $67,771.68.
- On Tuesday, December 23rd, Opaleye Management Inc. purchased 260 shares of Sol-Gel Technologies stock. The stock was acquired at an average price of $41.66 per share, with a total value of $10,831.60.
- On Monday, December 22nd, Opaleye Management Inc. acquired 1,019 shares of Sol-Gel Technologies stock. The shares were bought at an average cost of $41.15 per share, with a total value of $41,931.85.
- On Wednesday, December 17th, Opaleye Management Inc. acquired 2,735 shares of Sol-Gel Technologies stock. The shares were bought at an average price 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 stock was bought at an average cost of $37.81 per share, for a total transaction of $95,432.44.
- On Monday, December 1st, Opaleye Management Inc. bought 4,340 shares of Sol-Gel Technologies stock. The shares were bought at an average price of $37.37 per share, with a total value of $162,185.80.
Sol-Gel Technologies Stock Performance
SLGL opened at $58.44 on Friday. The stock has a market capitalization of $163.05 million, a price-to-earnings ratio of -17.93 and a beta of 1.35. The company has a fifty day moving average of $46.68 and a 200 day moving average of $32.43. Sol-Gel Technologies Ltd. has a fifty-two week low of $4.02 and a fifty-two week high of $75.00.
Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last released its quarterly earnings data on Thursday, November 20th. The company reported ($2.13) EPS for the quarter, missing the consensus estimate of ($2.09) by ($0.04). The company had revenue of $0.40 million for the quarter, compared to the consensus estimate of $0.30 million. Sol-Gel Technologies had a negative net margin of 47.37% and a negative return on equity of 33.61%. On average, equities research analysts forecast that Sol-Gel Technologies Ltd. will post -0.28 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Wall Street Zen cut Sol-Gel Technologies from a "buy" rating to a "hold" rating in a report on Saturday, November 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Sol-Gel Technologies in a report on Monday, December 29th. HC Wainwright restated a "buy" rating and issued a $110.00 price target (up previously from $50.00) on shares of Sol-Gel Technologies in a research report on Tuesday. Finally, Zacks Research upgraded shares of Sol-Gel Technologies to a "hold" rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $110.00.
Read Our Latest Research Report on Sol-Gel Technologies
Sol-Gel Technologies Company Profile
(
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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