In a report released today, Serge Belanger from Needham maintained a Buy rating on Collegium Pharmaceutical (COLL), with a price target of $38.00. The company’s shares closed last Monday at $17.03.
According to TipRanks.com, Belanger is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.0% and a 31.1% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Zynerba Pharmaceuticals.
Currently, the analyst consensus on Collegium Pharmaceutical is a Strong Buy with an average price target of $33.83, representing a 97.5% upside. In a report issued on March 23, SunTrust Robinson also maintained a Buy rating on the stock with a $24.00 price target.
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Based on Collegium Pharmaceutical’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $74.2 million and GAAP net loss of $2.2 million. In comparison, last year the company earned revenue of $73.43 million and had a net profit of $9.09 million.
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Collegium Pharmaceutical, Inc. operates as a pharmaceutical company, which engages in the developing and planning to commercialize next generation, abuse-deterrent products for the treatment of patients suffering from chronic pain and other diseases. Its products include Xtampza ER, Nucynta ER and Nucynta IR. The Xtampza ER provides pain control while maintaining its extended-release drug release profile after being subjected to common methods of abuse and accidental misuse. The Nucynta ER for the treatment of chronic pain and neuropathic pain associated with diabetic peripheral neuropathy. The Nucynta IR is a release formulation of tapentadol indicated for the management of acute pain severe enough to require an opioid analgesic. The company was founded by Michael Thomas Heffernan in October 2003 and is headquartered in Stoughton, MA.
