Heron Therapeutics, Inc. (HRTX) PT Set at $31.00 by Cantor Fitzgerald
Heron Therapeutics, Inc. (NASDAQ:HRTX) has been assigned a $31.00 price objective by research analysts at Cantor Fitzgerald in a report released on Friday. The firm presently has a “buy” rating on the biotechnology company’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 100.00% from the company’s current price.
A number of other equities analysts have also recently issued reports on HRTX. ValuEngine upgraded Heron Therapeutics from a “strong sell” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Heron Therapeutics from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $26.00 target price on shares of Heron Therapeutics in a report on Friday, July 14th. Aegis restated a “buy” rating and set a $33.00 target price on shares of Heron Therapeutics in a report on Tuesday, July 18th. Finally, Cowen and Company set a $40.00 target price on Heron Therapeutics and gave the stock a “buy” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.50.
Heron Therapeutics (NASDAQ HRTX) traded up 3.68% during mid-day trading on Friday, reaching $15.50. The company’s stock had a trading volume of 915,623 shares. Heron Therapeutics has a 12 month low of $12.21 and a 12 month high of $20.85. The stock’s 50 day moving average is $15.82 and its 200 day moving average is $15.19. The company’s market cap is $839.14 million.
Heron Therapeutics (NASDAQ:HRTX) last issued its earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.90) by $0.10. The company had revenue of $8.51 million for the quarter, compared to the consensus estimate of $4.53 million. Equities research analysts predict that Heron Therapeutics will post ($3.51) EPS for the current year.
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Several large investors have recently added to or reduced their stakes in HRTX. Janus Henderson Group PLC bought a new position in shares of Heron Therapeutics during the 2nd quarter valued at about $78,134,000. FMR LLC lifted its holdings in shares of Heron Therapeutics by 36.7% during the 1st quarter. FMR LLC now owns 8,030,880 shares of the biotechnology company’s stock valued at $120,464,000 after purchasing an additional 2,158,041 shares in the last quarter. Janus Capital Management LLC lifted its holdings in shares of Heron Therapeutics by 20.2% during the 1st quarter. Janus Capital Management LLC now owns 5,501,755 shares of the biotechnology company’s stock valued at $82,524,000 after purchasing an additional 925,948 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Heron Therapeutics by 40.2% during the 1st quarter. Vanguard Group Inc. now owns 1,875,103 shares of the biotechnology company’s stock valued at $28,127,000 after purchasing an additional 537,563 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Heron Therapeutics by 30.7% during the 1st quarter. State Street Corp now owns 1,787,678 shares of the biotechnology company’s stock valued at $26,822,000 after purchasing an additional 420,113 shares in the last quarter.
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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