Sol-Gel Technologies Ltd. (NASDAQ:SLGL) Receives Average Recommendation of “Moderate Buy” from Analysts

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $110.00.

Several research firms have weighed in on SLGL. Wall Street Zen lowered Sol-Gel Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Lifesci Capital upgraded Sol-Gel Technologies to a “strong-buy” rating in a report on Friday, May 15th. Weiss Ratings lowered Sol-Gel Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Finally, TD Cowen began coverage on Sol-Gel Technologies in a report on Friday. They set a “buy” rating on the stock.

Insiders Place Their Bets

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. bought 1,937 shares of Sol-Gel Technologies stock in a transaction on Wednesday, May 13th. The shares were purchased at an average cost of $66.87 per share, for a total transaction of $129,527.19. Following the completion of the acquisition, the insider owned 488,437 shares in the company, valued at approximately $32,661,782.19. The trade was a 0.40% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 66.51% of the company’s stock.

Institutional Trading of Sol-Gel Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Sol-Gel Technologies in the 4th quarter valued at about $748,000. Opaleye Management Inc. raised 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 valued at $19,121,000 after purchasing an additional 248,904 shares during the period. Finally, Affinity Asset Advisors LLC acquired a new stake in shares of Sol-Gel Technologies in the 1st quarter valued at about $2,773,000. Institutional investors and hedge funds own 26.18% of the company’s stock.

Sol-Gel Technologies Stock Up 2.0%

NASDAQ:SLGL opened at $75.28 on Friday. Sol-Gel Technologies has a 12-month low of $6.80 and a 12-month high of $97.97. The firm has a market capitalization of $211.54 million, a P/E ratio of -33.76 and a beta of 1.16. The stock’s fifty day simple moving average is $73.77 and its 200-day simple moving average is $63.49.

Sol-Gel Technologies (NASDAQ:SLGL) last posted its quarterly earnings results on Thursday, May 28th. The company reported ($1.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.90) by $1.59. The business had revenue of $0.11 million for the quarter, compared to analyst estimates of $0.90 million. Sol-Gel Technologies had a negative return on equity of 24.29% and a negative net margin of 31.60%. As a group, equities research analysts expect that Sol-Gel Technologies will post -11.41 earnings per share for the current year.

About Sol-Gel Technologies

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.