Zacks Investment Research lowered shares of Recro Pharma, Inc. (NASDAQ:REPH) from a hold rating to a sell rating in a report issued on Saturday.

According to Zacks, “Recro Pharma, Inc. is a clinical stage specialty pharmaceutical company. It develops non-opioid therapeutics for the treatment of pain in the post-operative setting. The company is developing intranasal formulation of Dexmedetomidine (Dex) for the treatment of post-operative pain and cancer breakthrough pain; sublingual formulation of Dex for the treatment of chronic pain; and Fadolmidine (Fado), a product candidate to treat post-operative pain and neuropathic pain. Recro Pharma, Inc. is based in Malvern, Pennsylvania. “

A number of other equities research analysts have also recently weighed in on the company. Brean Capital assumed coverage on Recro Pharma in a research note on Monday, October 3rd. They issued a buy rating and a $21.00 price objective for the company. Aegis assumed coverage on Recro Pharma in a research note on Monday, November 14th. They set a buy rating and a $21.00 price target for the company. Roth Capital assumed coverage on Recro Pharma in a research note on Friday, September 16th. They set a buy rating and a $24.00 price target for the company. Piper Jaffray Companies assumed coverage on Recro Pharma in a research note on Monday, December 19th. They set an overweight rating and a $12.00 price target for the company. Finally, HC Wainwright restated a buy rating and set a $19.00 price target on shares of Recro Pharma in a research note on Tuesday, November 29th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $18.11.

Analyst Recommendations for Recro Pharma (NASDAQ:REPH)

Shares of Recro Pharma (NASDAQ:REPH) opened at 7.50 on Friday. Recro Pharma has a 1-year low of $5.59 and a 1-year high of $12.50. The company has a 50-day moving average of $7.63 and a 200-day moving average of $8.27. The firm’s market cap is $91.22 million.

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In other Recro Pharma news, major shareholder Healthcare Master Fun Broadfin acquired 650,000 shares of the business’s stock in a transaction on Tuesday, December 13th. The stock was purchased at an average price of $6.00 per share, for a total transaction of $3,900,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 39.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REPH. Northern Trust Corp acquired a new position in Recro Pharma during the third quarter valued at about $128,000. BlackRock Fund Advisors boosted its position in Recro Pharma by 37.5% in the second quarter. BlackRock Fund Advisors now owns 15,268 shares of the specialty pharmaceutical company’s stock valued at $121,000 after buying an additional 4,163 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Recro Pharma during the third quarter valued at about $140,000. Wells Fargo & Company MN boosted its position in Recro Pharma by 56.0% in the third quarter. Wells Fargo & Company MN now owns 31,200 shares of the specialty pharmaceutical company’s stock valued at $276,000 after buying an additional 11,200 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Recro Pharma by 30.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 49,947 shares of the specialty pharmaceutical company’s stock valued at $397,000 after buying an additional 11,682 shares during the last quarter. Hedge funds and other institutional investors own 51.43% of the company’s stock.

Recro Pharma Company Profile

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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