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

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

A number of research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and issued a $110.00 target price on shares of Sol-Gel Technologies in a report on Monday, July 20th. Mizuho assumed coverage on shares of Sol-Gel Technologies in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $285.00 price objective for the company. Lifesci Capital raised shares of Sol-Gel Technologies to a “strong-buy” rating in a research note on Friday, May 15th. 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. Finally, TD Cowen assumed coverage on Sol-Gel Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company.

Insider Activity at Sol-Gel Technologies

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. bought 5,217 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $68.27 per share, for a total transaction of $356,164.59. Following the completion of the purchase, the insider owned 525,217 shares of the company’s stock, valued at $35,856,564.59. This trade represents a 1.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 42,571 shares of company stock valued at $2,952,458 over the last ninety days. 66.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Sol-Gel Technologies

Institutional investors have recently bought and sold shares of the stock. Opaleye Management Inc. increased 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 last quarter. Affinity Asset Advisors LLC acquired a new position in shares of Sol-Gel Technologies in the 1st quarter valued at $2,773,000. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Sol-Gel Technologies during the 4th quarter valued at $748,000. Finally, Navellier & Associates Inc. acquired a new stake in shares of Sol-Gel Technologies during the 2nd quarter worth $429,000. 26.18% of the stock is currently owned by hedge funds and other institutional investors.

Sol-Gel Technologies Stock Performance

Shares of NASDAQ:SLGL opened at $69.52 on Friday. The business’s fifty day moving average price is $78.43 and its two-hundred day moving average price is $77.05. The stock has a market cap of $195.35 million, a PE ratio of -12.33 and a beta of 1.12. Sol-Gel Technologies has a one year low of $23.13 and a one year high of $97.97.

Sol-Gel Technologies (NASDAQ:SLGL) last issued its quarterly earnings data on Friday, August 21st. The company reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.36) by $1.23. The business had revenue of $0.59 million for the quarter, compared to the consensus estimate of $0.07 million. Sol-Gel Technologies had a negative return on equity of 44.05% and a negative net margin of 910.14%. As a group, equities research analysts predict that Sol-Gel Technologies will post -8.38 earnings per share for the current fiscal year.

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.