Sol-Gel Technologies Ltd. (NASDAQ:SLGL) Receives $197.50 Consensus Target Price from Analysts

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $197.50.

Several analysts have weighed in on the company. Weiss Ratings lowered Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. TD Cowen started coverage on shares of Sol-Gel Technologies in a research report on Friday, May 29th. They issued a “buy” rating on the stock. HC Wainwright reissued a “buy” rating and issued a $110.00 price objective on shares of Sol-Gel Technologies in a research note on Monday, July 20th. Wall Street Zen downgraded shares of Sol-Gel Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Lifesci Capital upgraded shares of Sol-Gel Technologies to a “strong-buy” rating in a research report on Friday, May 15th.

Insider Buying and Selling at Sol-Gel Technologies

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. acquired 1,400 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average cost of $71.97 per share, with a total value of $100,758.00. Following the purchase, the insider directly owned 491,712 shares in the company, valued at approximately $35,388,512.64. This trade represents a 0.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have purchased 2,241 shares of company stock worth $162,260. Company insiders own 66.51% of the company’s stock.

Institutional Investors Weigh In On Sol-Gel Technologies

A number of large investors have recently bought and sold shares of the stock. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Sol-Gel Technologies in the fourth quarter valued at $748,000. Affinity Asset Advisors LLC purchased a new stake in Sol-Gel Technologies during the 1st quarter worth about $2,773,000. Finally, Opaleye Management Inc. increased its position in Sol-Gel Technologies by 121.5% during the 4th quarter. Opaleye Management Inc. now owns 453,739 shares of the company’s stock worth $19,121,000 after purchasing an additional 248,904 shares in the last quarter. Institutional investors and hedge funds own 26.18% of the company’s stock.

Sol-Gel Technologies Trading Down 4.4%

Shares of SLGL stock opened at $79.33 on Wednesday. The company has a market capitalization of $222.92 million, a P/E ratio of -233.32 and a beta of 1.12. The business’s 50 day moving average is $78.22 and its two-hundred day moving average is $76.39. Sol-Gel Technologies has a twelve month low of $15.54 and a twelve month high of $97.97.

Sol-Gel Technologies (NASDAQ:SLGL) last released its quarterly earnings data on Thursday, May 28th. The company reported ($1.31) earnings per share for the quarter, beating the consensus estimate of ($2.86) by $1.55. The firm had revenue of $0.11 million during the quarter, compared to the consensus estimate of $0.90 million. Sol-Gel Technologies had a negative return on equity of 3.17% and a negative net margin of 5.66%. As a group, equities analysts predict that Sol-Gel Technologies will post -9.1 earnings per share 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.