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

Shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL) have received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. One 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 12-month price objective among analysts that have issued a report on the stock in the last year is $110.00.

SLGL has been the topic of several recent analyst reports. Wall Street Zen cut shares of Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. TD Cowen initiated coverage on shares of Sol-Gel Technologies in a research note on Friday, May 29th. They issued a “buy” rating on the stock. Finally, Lifesci Capital upgraded shares of Sol-Gel Technologies to a “strong-buy” rating in a research note on Friday, May 15th.

Sol-Gel Technologies Price Performance

NASDAQ SLGL opened at $73.80 on Tuesday. Sol-Gel Technologies has a 1 year low of $6.96 and a 1 year high of $97.97. The stock has a market capitalization of $207.38 million, a PE ratio of -217.05 and a beta of 1.13. The company’s 50 day simple moving average is $73.08 and its two-hundred day simple moving average is $67.95.

Sol-Gel Technologies (NASDAQ:SLGL) last posted 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 net margin of 5.66% and a negative return on equity of 3.17%. The business had revenue of $0.11 million for the quarter, compared to analysts’ expectations of $0.90 million. On average, research analysts anticipate that Sol-Gel Technologies will post -8.99 EPS for the current year.

Insider Buying and Selling at Sol-Gel Technologies

In related news, major shareholder Opaleye Management Inc. acquired 1,937 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased 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 $32,661,782.19. This represents a 0.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 66.51% of the company’s stock.

Institutional Trading of Sol-Gel Technologies

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

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.