Pacira Pharmaceuticals, Inc. (PCRX) CEO David M. Stack Sells 58,885 Shares
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) CEO David M. Stack sold 58,885 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $38.34, for a total value of $2,257,650.90. Following the sale, the chief executive officer now owns 159,164 shares of the company’s stock, valued at $6,102,347.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) traded up $0.75 during trading on Friday, hitting $40.25. The stock had a trading volume of 710,957 shares, compared to its average volume of 843,788. Pacira Pharmaceuticals, Inc. has a twelve month low of $29.81 and a twelve month high of $58.95. The company has a current ratio of 6.99, a quick ratio of 6.24 and a debt-to-equity ratio of 1.03.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The business had revenue of $67.30 million for the quarter, compared to analyst estimates of $68.99 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts forecast that Pacira Pharmaceuticals, Inc. will post -0.87 earnings per share for the current fiscal year.
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Several analysts recently commented on PCRX shares. Canaccord Genuity set a $56.00 price target on Pacira Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Mizuho reiterated a “buy” rating and set a $54.00 price target on shares of Pacira Pharmaceuticals in a research report on Wednesday, July 26th. Royal Bank Of Canada set a $58.00 price target on Pacira Pharmaceuticals and gave the stock a “buy” rating in a research report on Sunday, July 30th. HC Wainwright set a $59.00 price target on Pacira Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Needham & Company LLC started coverage on Pacira Pharmaceuticals in a research report on Tuesday, August 22nd. They set a “buy” rating and a $55.00 price target for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $49.71.
Several institutional investors have recently made changes to their positions in PCRX. BlackRock Inc. lifted its stake in shares of Pacira Pharmaceuticals by 28,922.7% in the 1st quarter. BlackRock Inc. now owns 3,183,787 shares of the company’s stock valued at $145,180,000 after purchasing an additional 3,172,817 shares during the last quarter. HealthCor Management L.P. lifted its stake in shares of Pacira Pharmaceuticals by 63.1% in the 2nd quarter. HealthCor Management L.P. now owns 1,793,799 shares of the company’s stock valued at $85,564,000 after purchasing an additional 693,799 shares during the last quarter. Eaton Vance Management purchased a new stake in shares of Pacira Pharmaceuticals in the 2nd quarter valued at $19,519,000. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Pacira Pharmaceuticals in the 3rd quarter valued at $14,671,000. Finally, Stonepine Capital Management LLC purchased a new stake in shares of Pacira Pharmaceuticals in the 3rd quarter valued at $14,089,000. 99.64% of the stock is currently owned by institutional investors and hedge funds.
Pacira Pharmaceuticals Company Profile
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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