Jefferies Group LLC restated their buy rating on shares of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) in a research note released on Friday, Marketbeat.com reports. The firm currently has a $7.00 price objective on the specialty pharmaceutical company’s stock.

Separately, Zacks Investment Research lowered AcelRx Pharmaceuticals from a hold rating to a sell rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $8.67.

AcelRx Pharmaceuticals (NASDAQ ACRX) traded up 31.25% on Friday, reaching $3.15. The company’s stock had a trading volume of 11,026,343 shares. The firm has a 50-day moving average of $2.42 and a 200 day moving average of $2.75. AcelRx Pharmaceuticals has a 12-month low of $1.95 and a 12-month high of $4.08. The company’s market capitalization is $142.95 million.

AcelRx Pharmaceuticals (NASDAQ:ACRX) last posted its quarterly earnings data on Monday, May 8th. The specialty pharmaceutical company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by $0.06. The business had revenue of $3.11 million during the quarter, compared to analysts’ expectations of $2.36 million. AcelRx Pharmaceuticals had a negative net margin of 273.65% and a negative return on equity of 478.66%. On average, equities research analysts anticipate that AcelRx Pharmaceuticals will post ($1.10) EPS for the current fiscal year.

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In other news, major shareholder Life Sciences Maste Perceptive sold 875,000 shares of AcelRx Pharmaceuticals stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $2.40, for a total value of $2,100,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 28.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of AcelRx Pharmaceuticals by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 112,682 shares of the specialty pharmaceutical company’s stock worth $355,000 after buying an additional 6,942 shares in the last quarter. ING Groep NV raised its stake in shares of AcelRx Pharmaceuticals by 200.0% in the first quarter. ING Groep NV now owns 39,000 shares of the specialty pharmaceutical company’s stock worth $123,000 after buying an additional 26,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of AcelRx Pharmaceuticals by 326.1% in the first quarter. Acadian Asset Management LLC now owns 41,927 shares of the specialty pharmaceutical company’s stock worth $132,000 after buying an additional 32,087 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of AcelRx Pharmaceuticals by 14.6% in the fourth quarter. Teachers Advisors LLC now owns 66,715 shares of the specialty pharmaceutical company’s stock worth $173,000 after buying an additional 8,475 shares in the last quarter. 30.27% of the stock is currently owned by hedge funds and other institutional investors.

AcelRx Pharmaceuticals Company Profile

AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.

Analyst Recommendations for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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