Collegium Pharmaceutical Inc (NASDAQ:COLL) insider Paul Brannelly purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $9.18 per share, for a total transaction of $91,800.00. Following the completion of the purchase, the insider now owns 110,227 shares in the company, valued at $1,011,883.86. The transaction was disclosed in a filing with the SEC, which is available at this link.

Collegium Pharmaceutical Inc (NASDAQ:COLL) traded down 3.08% during trading on Monday, reaching $9.13. The company had a trading volume of 237,704 shares. The stock has a 50 day moving average price of $9.76 and a 200 day moving average price of $14.15. Collegium Pharmaceutical Inc has a 52 week low of $7.37 and a 52 week high of $20.55. The firm’s market capitalization is $267.97 million.

Collegium Pharmaceutical (NASDAQ:COLL) last posted its earnings results on Wednesday, May 10th. The specialty pharmaceutical company reported ($0.79) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.98) by $0.19. The firm had revenue of $2.17 million for the quarter, compared to analysts’ expectations of $3.55 million. Analysts predict that Collegium Pharmaceutical Inc will post ($3.03) earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. American International Group Inc. raised its stake in Collegium Pharmaceutical by 27.8% in the first quarter. American International Group Inc. now owns 9,948 shares of the specialty pharmaceutical company’s stock valued at $100,000 after buying an additional 2,163 shares during the last quarter. Nationwide Fund Advisors raised its stake in Collegium Pharmaceutical by 16.4% in the first quarter. Nationwide Fund Advisors now owns 10,087 shares of the specialty pharmaceutical company’s stock valued at $101,000 after buying an additional 1,422 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Collegium Pharmaceutical during the fourth quarter valued at about $127,000. Partner Investment Management L.P. purchased a new stake in Collegium Pharmaceutical during the third quarter valued at about $138,000. Finally, UBS Group AG raised its stake in Collegium Pharmaceutical by 283.2% in the first quarter. UBS Group AG now owns 13,767 shares of the specialty pharmaceutical company’s stock valued at $139,000 after buying an additional 10,174 shares during the last quarter. 56.60% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on COLL shares. Jefferies Group LLC restated a “buy” rating and issued a $22.00 price target (down from $24.00) on shares of Collegium Pharmaceutical in a research note on Thursday. Needham & Company LLC lowered their target price on Collegium Pharmaceutical from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Zacks Investment Research downgraded Collegium Pharmaceutical from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.40.

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.

5 Day Chart for NASDAQ:COLL

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