17,753 Shares in Sol-Gel Technologies Ltd. $SLGL Acquired by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. purchased a new position in Sol-Gel Technologies Ltd. (NASDAQ:SLGL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,753 shares of the company’s stock, valued at approximately $748,000.

Sol-Gel Technologies Trading Down 6.0%

Sol-Gel Technologies stock opened at $68.68 on Friday. Sol-Gel Technologies Ltd. has a 12 month low of $6.80 and a 12 month high of $97.97. The stock’s 50 day simple moving average is $76.30 and its two-hundred day simple moving average is $60.92. The firm has a market cap of $192.99 million, a PE ratio of -30.80 and a beta of 1.16.

Sol-Gel Technologies (NASDAQ:SLGL) last released its quarterly earnings data on Thursday, March 19th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of $0.39 by ($1.46). Sol-Gel Technologies had a negative return on equity of 24.29% and a negative net margin of 31.60%.The company had revenue of $0.70 million during the quarter, compared to analysts’ expectations of $6.50 million.

Insider Buying and Selling

In related news, major shareholder Opaleye Management Inc. acquired 1,937 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $66.87 per share, for a total transaction of $129,527.19. Following the transaction, the insider owned 488,437 shares in the company, valued at approximately $32,661,782.19. This trade represents a 0.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 66.51% of the company’s stock.

Analysts Set New Price Targets

SLGL has been the topic of several research reports. HC Wainwright reiterated a “buy” rating and issued a $110.00 price target (up from $50.00) on shares of Sol-Gel Technologies in a report on Tuesday, January 20th. Weiss Ratings upgraded shares of Sol-Gel Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Sol-Gel Technologies from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.00.

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.