Sol-Gel Technologies (NASDAQ:SLGL) Shares Down 0.6% - Time to Sell?

Key Points

• Shares slipped 0.6% to $74.41 on Monday with volume of 113,203 shares (about 105% above average); the stock has a $209M market cap and 50/200-day moving averages of $78.07/$55.68.
• Quarterly results were a large miss: SLGL reported ($1.07) EPS versus a $0.39 consensus and revenue of $0.7M versus $6.5M estimates, leaving negative margins and a sell-side forecast of -$0.28 EPS for the year.
• Mixed analyst views and heavy insider ownership: consensus rating is "Hold" with an average $110 price target (HC Wainwright reiterated $110), while insiders own 66.51% of shares and Opaleye Management recently increased its stake.

Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Get Free Report) shares fell 0.6% on Monday . The company traded as low as $72.02 and last traded at $74.41. 113,203 shares traded hands during trading, an increase of 105% from the average session volume of 55,139 shares. The stock had previously closed at $74.86.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SLGL. Weiss Ratings reiterated a "hold (c)" rating on shares of Sol-Gel Technologies in a research report on Monday, December 29th. Wall Street Zen raised Sol-Gel Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Finally, HC Wainwright reissued a "buy" rating and set a $110.00 target price (up from $50.00) on shares of Sol-Gel Technologies in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $110.00.

Sol-Gel Technologies Stock Down 0.6%

The stock has a market cap of $209.09 million, a price-to-earnings ratio of -33.37 and a beta of 1.26. The business's fifty day moving average is $78.07 and its two-hundred day moving average is $55.68.

Sol-Gel Technologies (NASDAQ:SLGL - Get Free Report) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($1.46). The business had revenue of $0.70 million during the quarter, compared to analyst estimates of $6.50 million. Sol-Gel Technologies had a negative net margin of 31.60% and a negative return on equity of 24.29%. As a group, sell-side analysts expect that Sol-Gel Technologies Ltd. will post -0.28 earnings per share for the current year.

Insider Transactions at Sol-Gel Technologies

In other news, major shareholder Opaleye Management Inc. purchased 2,173 shares of the firm's stock in a transaction that occurred on Thursday, January 22nd. The stock was bought at an average price of $56.57 per share, for a total transaction of $122,926.61. Following the completion of the purchase, the insider directly owned 448,693 shares of the company's stock, valued at $25,382,563.01. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have purchased a total of 3,424 shares of company stock valued at $193,065 in the last ninety days. 66.51% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sol-Gel Technologies stock. Opaleye Management Inc. raised its position in Sol-Gel Technologies Ltd. (NASDAQ:SLGL - Free Report) by 121.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,739 shares of the company's stock after acquiring an additional 248,904 shares during the quarter. Sol-Gel Technologies makes up about 2.5% of Opaleye Management Inc.'s holdings, making the stock its 9th biggest holding. Opaleye Management Inc. owned about 16.29% of Sol-Gel Technologies worth $19,121,000 at the end of the most recent reporting period. 26.18% of the stock is 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.

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