Heron Therapeutics, Inc. (HRTX) Stock Rating Reaffirmed by Jefferies Group LLC
Heron Therapeutics, Inc. (NASDAQ:HRTX)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group LLC in a report released on Friday. They currently have a $26.00 target price on the biotechnology company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 60.49% from the stock’s previous close.
A number of other analysts have also issued reports on the company. Aegis reissued a “buy” rating on shares of Heron Therapeutics in a research report on Tuesday, March 21st. Zacks Investment Research lowered Heron Therapeutics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Noble Financial reissued a “buy” rating on shares of Heron Therapeutics in a research report on Friday, May 12th. Cantor Fitzgerald reissued an “overweight” rating on shares of Heron Therapeutics in a research report on Monday, June 26th. Finally, Cowen and Company reissued a “buy” rating and issued a $40.00 target price on shares of Heron Therapeutics in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $31.89.
Heron Therapeutics (NASDAQ HRTX) opened at 16.20 on Friday. Heron Therapeutics has a 52 week low of $12.21 and a 52 week high of $24.00. The company has a 50-day moving average price of $14.19 and a 200 day moving average price of $14.10.
Heron Therapeutics (NASDAQ:HRTX) last announced its earnings results on Wednesday, May 10th. The biotechnology company reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.94) by $0.06. The business had revenue of $3.63 million during the quarter, compared to the consensus estimate of $1.96 million. Analysts anticipate that Heron Therapeutics will post ($3.73) earnings per share for the current fiscal year.
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In other Heron Therapeutics news, VP Kimberly Manhard sold 21,542 shares of the business’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $15.33, for a total value of $330,238.86. Following the completion of the transaction, the vice president now owns 5,250 shares in the company, valued at $80,482.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 20.31% of the company’s stock.
Several institutional investors have recently bought and sold shares of HRTX. Swiss National Bank increased its position in Heron Therapeutics by 39.9% in the first quarter. Swiss National Bank now owns 72,600 shares of the biotechnology company’s stock valued at $1,089,000 after buying an additional 20,700 shares during the period. Bank of New York Mellon Corp increased its position in Heron Therapeutics by 27.1% in the first quarter. Bank of New York Mellon Corp now owns 190,771 shares of the biotechnology company’s stock valued at $2,861,000 after buying an additional 40,657 shares during the period. Falcon Point Capital LLC acquired a new position in Heron Therapeutics during the first quarter valued at approximately $501,000. Searle & CO. acquired a new position in Heron Therapeutics during the first quarter valued at approximately $353,000. Finally, Wells Fargo & Company MN increased its position in Heron Therapeutics by 78.8% in the first quarter. Wells Fargo & Company MN now owns 39,579 shares of the biotechnology company’s stock valued at $595,000 after buying an additional 17,442 shares during the period.
Heron Therapeutics Company Profile
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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