Analysts Set Sol-Gel Technologies Ltd. (NASDAQ:SLGL) PT at $110.00

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $197.50.

Several research analysts have recently issued reports on SLGL shares. Wall Street Zen lowered Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. TD Cowen started coverage on Sol-Gel Technologies in a research note on Friday, May 29th. They issued a “buy” rating on the stock. Lifesci Capital upgraded Sol-Gel Technologies to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Mizuho started coverage on Sol-Gel Technologies in a research note on Wednesday. They issued an “outperform” rating and a $285.00 price target on the stock.

Insider Buying and Selling at Sol-Gel Technologies

In related news, major shareholder Opaleye Management Inc. purchased 1,937 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $66.87 per share, for a total transaction of $129,527.19. Following the purchase, the insider directly owned 488,437 shares of the company’s stock, valued at approximately $32,661,782.19. This represents a 0.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 66.51% of the stock is owned by insiders.

Institutional Trading of Sol-Gel Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in SLGL. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Sol-Gel Technologies in the 4th quarter worth approximately $748,000. Affinity Asset Advisors LLC purchased a new stake in shares of Sol-Gel Technologies in the 1st quarter worth approximately $2,773,000. Finally, Opaleye Management Inc. grew its stake in shares of Sol-Gel Technologies by 121.5% in the 4th quarter. Opaleye Management Inc. now owns 453,739 shares of the company’s stock worth $19,121,000 after buying an additional 248,904 shares during the last quarter. Hedge funds and other institutional investors own 26.18% of the company’s stock.

Sol-Gel Technologies Stock Performance

Shares of NASDAQ:SLGL opened at $73.50 on Tuesday. Sol-Gel Technologies has a 52-week low of $6.96 and a 52-week high of $97.97. The firm has a market capitalization of $206.54 million, a P/E ratio of -216.17 and a beta of 1.13. The stock has a 50 day moving average price of $72.79 and a 200-day moving average price of $68.66.

Sol-Gel Technologies (NASDAQ:SLGL) last announced its earnings results on Thursday, May 28th. The company reported ($1.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.86) by $1.55. Sol-Gel Technologies had a negative return on equity of 3.17% and a negative net margin of 5.66%.The firm had revenue of $0.11 million during the quarter, compared to analyst estimates of $0.90 million. On average, equities analysts forecast that Sol-Gel Technologies will post -9.1 EPS for the current fiscal year.

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.