Analysts Offer Predictions for Collegium Pharmaceutical Inc’s FY2017 Earnings (COLL)
Collegium Pharmaceutical Inc (NASDAQ:COLL) – Stock analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Collegium Pharmaceutical in a note issued to investors on Sunday. Jefferies Group analyst D. Steinberg now anticipates that the specialty pharmaceutical company will post earnings per share of ($2.58) for the year, up from their prior estimate of ($2.61). Jefferies Group has a “Buy” rating and a $32.00 price objective on the stock. Jefferies Group also issued estimates for Collegium Pharmaceutical’s Q4 2017 earnings at ($0.64) EPS, FY2018 earnings at ($0.65) EPS, FY2019 earnings at $0.30 EPS, FY2021 earnings at $1.62 EPS and FY2022 earnings at $2.64 EPS.
COLL has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Collegium Pharmaceutical from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, November 13th. HC Wainwright restated a “buy” rating and issued a $21.00 price objective on shares of Collegium Pharmaceutical in a report on Wednesday, November 8th. BidaskClub upgraded shares of Collegium Pharmaceutical from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Piper Jaffray Companies set a $19.00 price objective on shares of Collegium Pharmaceutical and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, Needham & Company LLC upped their price objective on shares of Collegium Pharmaceutical from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $27.17.
In other news, Chairman Michael Thomas Heffernan sold 20,000 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $22.50, for a total transaction of $450,000.00. Following the sale, the chairman now owns 538,987 shares in the company, valued at $12,127,207.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Alison B. Fleming sold 6,928 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $19.07, for a total transaction of $132,116.96. Following the sale, the insider now owns 32,651 shares in the company, valued at approximately $622,654.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,055,558 shares of company stock worth $18,570,177. Corporate insiders own 25.76% of the company’s stock.
Large investors have recently bought and sold shares of the company. Voya Investment Management LLC purchased a new stake in shares of Collegium Pharmaceutical during the second quarter valued at approximately $125,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Collegium Pharmaceutical by 87.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,500 shares of the specialty pharmaceutical company’s stock worth $138,000 after purchasing an additional 3,500 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Collegium Pharmaceutical by 27.8% in the second quarter. Nationwide Fund Advisors now owns 12,889 shares of the specialty pharmaceutical company’s stock worth $161,000 after purchasing an additional 2,802 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Collegium Pharmaceutical in the fourth quarter worth approximately $176,000. Finally, JPMorgan Chase & Co. purchased a new stake in Collegium Pharmaceutical in the third quarter worth approximately $192,000. Hedge funds and other institutional investors own 82.40% of the company’s stock.
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About Collegium Pharmaceutical
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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