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

Sol-Gel Technologies Ltd. (NASDAQ:SLGL) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $197.50.

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Sol-Gel Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen began coverage on shares of Sol-Gel Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company. Mizuho began coverage on shares of Sol-Gel Technologies in a research report on Wednesday, June 24th. They set an “outperform” rating and a $285.00 target price on the stock. Weiss Ratings cut shares of Sol-Gel Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Finally, Lifesci Capital upgraded shares of Sol-Gel Technologies to a “strong-buy” rating in a research report on Friday, May 15th.

Sol-Gel Technologies Price Performance

SLGL stock opened at $81.96 on Friday. The stock has a market capitalization of $230.31 million, a price-to-earnings ratio of -241.05 and a beta of 1.12. The business’s fifty day moving average price is $74.88 and its two-hundred day moving average price is $73.62. Sol-Gel Technologies has a fifty-two week low of $10.48 and a fifty-two week high of $97.97.

Sol-Gel Technologies (NASDAQ:SLGL) last announced its earnings results on Thursday, May 28th. The company reported ($1.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $0.11 million during the quarter, compared to analysts’ expectations of $0.90 million. Research analysts expect that Sol-Gel Technologies will post -9.1 EPS for the current year.

Insider Transactions at Sol-Gel Technologies

In related news, major shareholder Opaleye Management Inc. acquired 1,400 shares of the stock in a transaction on Thursday, July 2nd. The shares were purchased at an average price of $71.97 per share, for a total transaction of $100,758.00. Following the purchase, the insider directly owned 491,712 shares in the company, valued at approximately $35,388,512.64. The trade was a 0.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 5,678 shares of company stock worth $393,758 over the last 90 days. Corporate insiders own 66.51% of the company’s stock.

Institutional Trading of Sol-Gel Technologies

A number of institutional investors have recently modified their holdings of the stock. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Sol-Gel Technologies in the fourth quarter worth $748,000. Affinity Asset Advisors LLC bought a new stake in Sol-Gel Technologies during the first quarter worth about $2,773,000. Finally, Opaleye Management Inc. lifted its position in Sol-Gel Technologies by 121.5% during the fourth 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 during the period. 26.18% of the stock is currently owned by institutional investors.

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.