Sol-Gel Technologies (NASDAQ:SLGL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sol-Gel Technologies (NASDAQ:SLGL) from a hold rating to a buy rating in a research note released on Saturday.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright reissued a “buy” rating and set a $110.00 price target (up from $50.00) on shares of Sol-Gel Technologies in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Sol-Gel Technologies in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Sol-Gel Technologies currently has an average rating of “Hold” and an average price target of $110.00.

Sol-Gel Technologies Stock Performance

Shares of SLGL stock opened at $66.20 on Friday. The company has a market capitalization of $186.02 million, a P/E ratio of -29.69 and a beta of 1.30. Sol-Gel Technologies has a fifty-two week low of $4.02 and a fifty-two week high of $97.97. The stock has a 50 day moving average price of $74.28 and a two-hundred day moving average price of $50.39.

Sol-Gel Technologies (NASDAQ:SLGL) last issued its earnings results on Thursday, March 19th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($1.46). Sol-Gel Technologies had a negative return on equity of 24.29% and a negative net margin of 31.60%.The firm had revenue of $0.70 million during the quarter, compared to the consensus estimate of $6.50 million. As a group, equities analysts predict that Sol-Gel Technologies will post -0.28 earnings per share for the current year.

Insider Activity

In other Sol-Gel Technologies news, major shareholder Opaleye Management Inc. bought 35,169 shares of Sol-Gel Technologies stock in a transaction dated Tuesday, December 30th. The shares were purchased at an average cost of $41.99 per share, with a total value of $1,476,746.31. Following the completion of the purchase, the insider owned 421,242 shares of the company’s stock, valued at approximately $17,687,951.58. This represents a 9.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 71,354 shares of company stock worth $3,043,732 over the last 90 days. 66.51% of the stock is currently owned by insiders.

Institutional Trading of Sol-Gel Technologies

A hedge fund recently bought a new stake in Sol-Gel Technologies stock. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Sol-Gel Technologies Ltd. (NASDAQ:SLGL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 17,753 shares of the company’s stock, valued at approximately $748,000. Yelin Lapidot Holdings Management Ltd. owned 0.64% of Sol-Gel Technologies at the end of the most recent quarter. Institutional investors and hedge funds 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.