Collegium Pharmaceutical (NASDAQ:COLL) Stock Rating Upgraded by Truist Financial

Key Points

• Truist Financial upgraded Collegium Pharmaceutical to “strong buy,” while analyst sentiment remains mixed. MarketBeat reports a consensus “moderate buy” rating and an average price target of $48.50.
• COLL opened at $23.36, near its 52-week low of $23.11, with a market capitalization of approximately $760.6 million.
• Collegium exceeded quarterly expectations, reporting $1.92 EPS versus the $1.72 consensus estimate and revenue of $199.88 million, up 6.3% year over year.

Collegium Pharmaceutical (NASDAQ:COLL - Get Free Report) was upgraded by Truist Financial to a "strong-buy" rating in a report released on Wednesday, Zacks reports.

Other analysts have also issued reports about the stock. Wall Street Zen lowered shares of Collegium Pharmaceutical from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research cut Collegium Pharmaceutical from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings downgraded shares of Collegium Pharmaceutical from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, September 4th. Leerink Partners initiated coverage on shares of Collegium Pharmaceutical in a report on Wednesday. They issued an "outperform" rating and a $45.00 target price for the company. Finally, Barclays reduced their price objective on Collegium Pharmaceutical from $56.00 to $48.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Collegium Pharmaceutical currently has a consensus rating of "Moderate Buy" and an average target price of $48.50.

Collegium Pharmaceutical Stock Down 0.0%

COLL stock opened at $23.36 on Wednesday. Collegium Pharmaceutical has a fifty-two week low of $23.11 and a fifty-two week high of $50.79. The company has a market capitalization of $760.60 million, a price-to-earnings ratio of 18.84 and a beta of 0.72. The business's 50 day moving average price is $31.10 and its two-hundred day moving average price is $33.75. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.84 and a current ratio of 1.03.

Collegium Pharmaceutical (NASDAQ:COLL - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The specialty pharmaceutical company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.20. The company had revenue of $199.88 million during the quarter, compared to analysts' expectations of $199.62 million. Collegium Pharmaceutical had a net margin of 5.93% and a return on equity of 91.43%. Collegium Pharmaceutical's revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $1.68 EPS. As a group, analysts forecast that Collegium Pharmaceutical will post 6.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Collegium Pharmaceutical

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Collegium Pharmaceutical by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,046 shares of the specialty pharmaceutical company's stock valued at $569,000 after purchasing an additional 825 shares during the period. Millennium Management LLC lifted its holdings in shares of Collegium Pharmaceutical by 248.5% during the 1st quarter. Millennium Management LLC now owns 647,832 shares of the specialty pharmaceutical company's stock valued at $19,338,000 after purchasing an additional 461,914 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Collegium Pharmaceutical by 7.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 71,014 shares of the specialty pharmaceutical company's stock valued at $2,120,000 after buying an additional 4,625 shares during the last quarter. Jane Street Group LLC boosted its stake in Collegium Pharmaceutical by 218.7% in the 1st quarter. Jane Street Group LLC now owns 131,520 shares of the specialty pharmaceutical company's stock worth $3,926,000 after purchasing an additional 90,255 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Collegium Pharmaceutical by 3.7% during the second quarter. JPMorgan Chase & Co. now owns 72,068 shares of the specialty pharmaceutical company's stock worth $2,131,000 after buying an additional 2,592 shares during the period.

About Collegium Pharmaceutical

Collegium Pharmaceutical, Inc is a specialty pharmaceutical company focused on the development, manufacture and commercialization of products for pain management and opioid dependence. The company's core expertise lies in its DETERx microsphere technology, a platform designed to provide extended-release delivery of active pharmaceutical ingredients while deterring manipulation for unintended routes of abuse.

The company's principal marketed products include Xtampza® ER (extended-release oxycodone), which received approval from the U.S.

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