HC Wainwright Analysts Give Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) a $59.00 Price Target
PCRX has been the topic of several other research reports. Wedbush reaffirmed an outperform rating and issued a $89.00 target price on shares of Pacira Pharmaceuticals in a report on Wednesday, April 19th. Mizuho reaffirmed a buy rating and issued a $54.00 target price on shares of Pacira Pharmaceuticals in a report on Wednesday, July 26th. Canaccord Genuity set a $60.00 target price on shares of Pacira Pharmaceuticals and gave the company a buy rating in a report on Monday, May 22nd. Royal Bank Of Canada set a $58.00 target price on shares of Pacira Pharmaceuticals and gave the company a buy rating in a report on Sunday, July 30th. Finally, Cowen and Company reaffirmed a hold rating on shares of Pacira Pharmaceuticals in a report on Wednesday. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Pacira Pharmaceuticals presently has a consensus rating of Hold and a consensus target price of $54.50.
Shares of Pacira Pharmaceuticals (PCRX) traded down 1.521% during midday trading on Thursday, hitting $37.225. 934,172 shares of the stock were exchanged. Pacira Pharmaceuticals has a 12 month low of $29.95 and a 12 month high of $58.95. The company’s market cap is $1.49 billion. The stock has a 50 day moving average price of $46.37 and a 200-day moving average price of $45.57.
Pacira Pharmaceuticals (NASDAQ:PCRX) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $70.90 million during the quarter, compared to analysts’ expectations of $73.37 million. Pacira Pharmaceuticals had a negative net margin of 23.36% and a negative return on equity of 12.44%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. On average, analysts predict that Pacira Pharmaceuticals will post ($0.07) EPS for the current year.
In related news, CAO Kristen Marie Williams sold 21,041 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $50.86, for a total value of $1,070,145.26. Following the completion of the sale, the chief accounting officer now owns 18,775 shares in the company, valued at $954,896.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lauren Bullaro Riker sold 601 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $43.32, for a total transaction of $26,035.32. The disclosure for this sale can be found here. Insiders sold 50,564 shares of company stock valued at $2,506,682 in the last quarter. Company insiders own 6.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Pacira Pharmaceuticals by 85.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,491 shares of the company’s stock worth $114,000 after buying an additional 1,149 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Pacira Pharmaceuticals during the first quarter worth about $136,000. Ameritas Investment Partners Inc. acquired a new position in shares of Pacira Pharmaceuticals during the first quarter worth about $144,000. Schnieders Capital Management LLC acquired a new position in shares of Pacira Pharmaceuticals during the second quarter worth about $201,000. Finally, Amalgamated Bank acquired a new position in shares of Pacira Pharmaceuticals during the first quarter worth about $204,000.
About Pacira Pharmaceuticals
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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