Canaccord Genuity reiterated their buy rating on shares of Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) in a report issued on Sunday morning, MarketBeat.com reports. Canaccord Genuity currently has a $44.00 price target on the stock, down from their previous price target of $48.00.

PCRX has been the topic of a number of other research reports. CIBC started coverage on Pacira Pharmaceuticals in a research note on Thursday, September 7th. They issued a market perform rating on the stock. Mizuho restated a buy rating and issued a $54.00 price target on shares of Pacira Pharmaceuticals in a research note on Wednesday, July 26th. Jefferies Group LLC restated a buy rating and issued a $59.00 price target on shares of Pacira Pharmaceuticals in a research note on Thursday, September 7th. Needham & Company LLC restated a buy rating on shares of Pacira Pharmaceuticals in a research note on Tuesday, September 26th. Finally, Cowen and Company reiterated a hold rating on shares of Pacira Pharmaceuticals in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. Pacira Pharmaceuticals presently has a consensus rating of Hold and a consensus price target of $52.07.

Pacira Pharmaceuticals (NASDAQ:PCRX) opened at 36.30 on Friday. The company’s market cap is $1.46 billion. Pacira Pharmaceuticals has a 52-week low of $29.95 and a 52-week high of $58.95. The stock has a 50 day moving average of $37.01 and a 200-day moving average of $43.46.

Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). Pacira Pharmaceuticals had a negative net margin of 23.36% and a negative return on equity of 12.44%. The company had revenue of $70.90 million during the quarter, compared to analyst estimates of $73.37 million. During the same period in the previous year, the company posted $0.21 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Pacira Pharmaceuticals will post ($0.17) EPS for the current year.

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In other Pacira Pharmaceuticals news, CAO Kristen Marie Williams sold 3,461 shares of Pacira Pharmaceuticals stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total value of $127,191.75. Following the completion of the sale, the chief accounting officer now directly owns 21,312 shares in the company, valued at $783,216. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Hastings sold 1,044 shares of Pacira Pharmaceuticals stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $36.15, for a total value of $37,740.60. Following the completion of the sale, the director now owns 3,518 shares of the company’s stock, valued at $127,175.70. The disclosure for this sale can be found here. Insiders have sold 33,390 shares of company stock valued at $1,215,480 over the last 90 days. 6.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Pacira Pharmaceuticals in the second quarter worth approximately $1,782,000. Ameritas Investment Partners Inc. increased its holdings in Pacira Pharmaceuticals by 9.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock worth $165,000 after purchasing an additional 302 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Pacira Pharmaceuticals by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 30,307 shares of the company’s stock worth $1,446,000 after purchasing an additional 1,872 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Pacira Pharmaceuticals in the second quarter worth approximately $572,000. Finally, Cubist Systematic Strategies LLC increased its holdings in Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock worth $152,000 after purchasing an additional 1,752 shares in the last quarter.

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.

Analyst Recommendations for Pacira Pharmaceuticals (NASDAQ:PCRX)

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