Shares of Heron Therapeutics Inc (NASDAQ:HRTX) hit a new 52-week high during mid-day trading on Monday after ValuEngine upgraded the stock from a sell rating to a hold rating. The stock traded as high as $27.20 and last traded at $27.20, with a volume of 7765660 shares changing hands. The stock had previously closed at $21.50.

Several other analysts have also issued reports on HRTX. Zacks Investment Research upgraded shares of Heron Therapeutics from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, November 22nd. Cowen restated a “buy” rating and issued a $40.00 price objective on shares of Heron Therapeutics in a report on Wednesday, December 6th. Mizuho restated a “buy” rating and issued a $28.00 price objective on shares of Heron Therapeutics in a report on Friday, December 8th. Oppenheimer set a $27.00 price objective on shares of Heron Therapeutics and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, BidaskClub upgraded shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Heron Therapeutics has a consensus rating of “Buy” and a consensus price target of $32.00.

In other Heron Therapeutics news, CEO Barry D. Quart sold 100,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $24.75, for a total transaction of $2,475,000.00. Following the sale, the chief executive officer now directly owns 167,993 shares in the company, valued at $4,157,826.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kimberly Manhard sold 18,000 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $30.00, for a total transaction of $540,000.00. Following the sale, the vice president now owns 18,000 shares in the company, valued at $540,000. The disclosure for this sale can be found here. Insiders have sold 225,584 shares of company stock worth $6,141,680 over the last quarter. Insiders own 19.93% of the company’s stock.

A number of large investors have recently modified their holdings of HRTX. Ellington Management Group LLC purchased a new stake in Heron Therapeutics during the fourth quarter worth about $195,000. Pinnacle Associates Ltd. purchased a new stake in Heron Therapeutics during the fourth quarter worth about $201,000. Trexquant Investment LP purchased a new stake in Heron Therapeutics during the third quarter worth about $206,000. Jefferies Group LLC purchased a new stake in Heron Therapeutics during the fourth quarter worth about $214,000. Finally, Jane Street Group LLC purchased a new stake in Heron Therapeutics during the third quarter worth about $223,000.

The stock has a market capitalization of $1,389.94, a P/E ratio of -7.46 and a beta of 1.87.

Heron Therapeutics (NASDAQ:HRTX) last released its earnings results on Tuesday, February 27th. The biotechnology company reported ($1.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.80) by ($0.29). Heron Therapeutics had a negative return on equity of 230.70% and a negative net margin of 641.87%. The firm had revenue of $10.05 million for the quarter, compared to analysts’ expectations of $9.00 million. equities research analysts forecast that Heron Therapeutics Inc will post -2.58 earnings per share for the current year.

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About Heron Therapeutics

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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