Collegium Pharmaceutical, Inc. (NASDAQ:COLL) – Stock analysts at William Blair boosted their FY2017 earnings per share estimates for Collegium Pharmaceutical in a note issued to investors on Thursday. William Blair analyst T. Lugo now expects that the specialty pharmaceutical company will earn ($2.30) per share for the year, up from their previous estimate of ($2.80). William Blair also issued estimates for Collegium Pharmaceutical’s Q4 2017 earnings at ($0.34) EPS, Q1 2018 earnings at ($0.44) EPS, Q3 2018 earnings at ($0.34) EPS, Q4 2018 earnings at ($0.30) EPS, FY2018 earnings at ($0.99) EPS and FY2019 earnings at $0.22 EPS.
Collegium Pharmaceutical (NASDAQ:COLL) last announced its quarterly earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.28. The business had revenue of $11.95 million for the quarter, compared to analyst estimates of $5.31 million. Collegium Pharmaceutical had a negative net margin of 447.83% and a negative return on equity of 77.11%. The company’s revenue was up 2814.6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.13) EPS.
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A number of other equities research analysts have also issued reports on COLL. Piper Jaffray Companies set a $14.00 price target on shares of Collegium Pharmaceutical and gave the stock a “buy” rating in a report on Tuesday, July 25th. BidaskClub cut shares of Collegium Pharmaceutical from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of Collegium Pharmaceutical from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. HC Wainwright began coverage on shares of Collegium Pharmaceutical in a research report on Monday, September 11th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Collegium Pharmaceutical in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.33.
Shares of Collegium Pharmaceutical (NASDAQ:COLL) opened at $14.16 on Monday. Collegium Pharmaceutical has a twelve month low of $7.37 and a twelve month high of $17.73.
Several large investors have recently bought and sold shares of COLL. Nationwide Fund Advisors lifted its position in shares of Collegium Pharmaceutical by 16.4% in the 1st quarter. Nationwide Fund Advisors now owns 10,087 shares of the specialty pharmaceutical company’s stock worth $101,000 after purchasing an additional 1,422 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Collegium Pharmaceutical by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 65,305 shares of the specialty pharmaceutical company’s stock worth $656,000 after purchasing an additional 3,775 shares during the period. American International Group Inc. lifted its position in shares of Collegium Pharmaceutical by 27.8% in the 1st quarter. American International Group Inc. now owns 9,948 shares of the specialty pharmaceutical company’s stock worth $100,000 after purchasing an additional 2,163 shares during the period. Vanguard Group Inc. lifted its position in shares of Collegium Pharmaceutical by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 806,539 shares of the specialty pharmaceutical company’s stock worth $8,113,000 after purchasing an additional 58,398 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Collegium Pharmaceutical by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 146,568 shares of the specialty pharmaceutical company’s stock worth $1,474,000 after purchasing an additional 4,866 shares during the period. 83.96% of the stock is owned by hedge funds and other institutional investors.
About Collegium Pharmaceutical
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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