Collegium Pharmaceutical (COLL) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Collegium Pharmaceutical (NASDAQ:COLL) from a hold rating to a buy rating in a research report sent to investors on Monday. They currently have $26.00 price objective on the specialty pharmaceutical company’s stock.

According to Zacks, “Collegium Pharmaceutical Inc. is a specialty pharmaceutical company. It develops and commercializes prescription and over-the-counter pharmaceuticals for the treatment of central nervous system, respiratory and skin related disorders. The Company’s product candidate consists of COL-195, COL-196, COL-171, COL-003 and COL-172 which are in different clinical trial. It developed a formulation platform technology, DETERx, for the treatment of chronic pain. Collegium Pharmaceutical Inc. is based in CUMBERLAND, United States. “

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Other equities research analysts also recently issued reports about the company. HC Wainwright lifted their target price on Collegium Pharmaceutical from $21.00 to $33.00 and gave the stock a buy rating in a report on Thursday, March 8th. Janney Montgomery Scott set a $26.00 price objective on Collegium Pharmaceutical and gave the company a buy rating in a research note on Tuesday, February 6th. BidaskClub raised Collegium Pharmaceutical from a hold rating to a buy rating in a research note on Thursday, February 15th. Jefferies Group raised their price objective on Collegium Pharmaceutical to $32.00 and gave the company a buy rating in a research note on Monday, February 12th. Finally, Piper Jaffray set a $33.00 price objective on Collegium Pharmaceutical and gave the company a buy rating in a research note on Monday, February 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $30.83.

Shares of COLL stock opened at $25.43 on Monday. Collegium Pharmaceutical has a fifty-two week low of $7.37 and a fifty-two week high of $29.90.

Collegium Pharmaceutical (NASDAQ:COLL) last issued its earnings results on Wednesday, March 7th. The specialty pharmaceutical company reported ($0.54) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.02. The business had revenue of $10.79 million during the quarter, compared to the consensus estimate of $9.88 million. Collegium Pharmaceutical had a negative return on equity of 73.00% and a negative net margin of 262.91%. Collegium Pharmaceutical’s revenue was up 728.4% on a year-over-year basis. research analysts predict that Collegium Pharmaceutical will post -0.74 EPS for the current fiscal year.

In other Collegium Pharmaceutical news, Chairman Michael Thomas Heffernan sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $25.01, for a total value of $500,200.00. Following the completion of the sale, the chairman now owns 535,395 shares of the company’s stock, valued at $13,390,228.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 25.76% of the company’s stock.

Several large investors have recently made changes to their positions in COLL. JPMorgan Chase & Co. purchased a new position in shares of Collegium Pharmaceutical during the third quarter valued at approximately $192,000. Wells Fargo & Company MN boosted its position in shares of Collegium Pharmaceutical by 12.8% during the third quarter. Wells Fargo & Company MN now owns 45,254 shares of the specialty pharmaceutical company’s stock valued at $475,000 after buying an additional 5,136 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Collegium Pharmaceutical by 87.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,500 shares of the specialty pharmaceutical company’s stock valued at $138,000 after buying an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Collegium Pharmaceutical by 13.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 51,119 shares of the specialty pharmaceutical company’s stock valued at $944,000 after buying an additional 6,083 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Collegium Pharmaceutical during the fourth quarter valued at approximately $176,000. 86.39% of the stock is currently owned by institutional investors.

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About Collegium Pharmaceutical

Collegium Pharmaceutical, Inc, a specialty pharmaceutical company, develops and commercializes various products for patients suffering from pain. It provides DETERx platform technology that is designed to maintain the extended-release and safety profiles of highly abused drugs in the face of various methods of abuse and tampering, including chewing, crushing, and/or dissolving.

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