Heron Therapeutics (NASDAQ:HRTX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Heron Therapeutics Inc. is a specialty pharmaceutical company. The company is developing products using its proprietary Biochronomer (TM) polymer-based drug delivery platform. Its product portfolio includes APF530, is being developed for the prevention of acute chemotherapy-induced nausea and vomiting. Heron Therapeutics Inc., formerly known as A.P. Pharma, Inc., is based in REDWOOD CITY CA. “

HRTX has been the topic of several other research reports. Noble Financial reiterated a “buy” rating and set a $24.00 price target on shares of Heron Therapeutics in a research report on Friday, October 6th. Cantor Fitzgerald reiterated a “buy” rating on shares of Heron Therapeutics in a research report on Monday, September 25th. ValuEngine upgraded shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Leerink Swann initiated coverage on shares of Heron Therapeutics in a research report on Tuesday, January 2nd. They set an “outperform” rating and a $22.00 price target on the stock. Finally, Cowen reiterated a “buy” rating and set a $40.00 price target on shares of Heron Therapeutics in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Heron Therapeutics currently has an average rating of “Buy” and a consensus target price of $28.82.

Heron Therapeutics (NASDAQ:HRTX) opened at $21.65 on Wednesday. Heron Therapeutics has a 52-week low of $12.21 and a 52-week high of $21.95. The stock has a market cap of $1,180.00, a PE ratio of -5.71 and a beta of 2.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 2.02.

Heron Therapeutics (NASDAQ:HRTX) last released its quarterly earnings data on Monday, November 6th. The biotechnology company reported ($0.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.87) by $0.10. Heron Therapeutics had a negative net margin of 831.89% and a negative return on equity of 385.11%. The firm had revenue of $8.57 million for the quarter, compared to analysts’ expectations of $8.12 million. equities research analysts expect that Heron Therapeutics will post -3.39 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc boosted its stake in Heron Therapeutics by 26.6% during the second quarter. Legal & General Group Plc now owns 11,354 shares of the biotechnology company’s stock worth $157,000 after acquiring an additional 2,383 shares in the last quarter. Quantbot Technologies LP boosted its stake in Heron Therapeutics by 2,619.6% during the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock worth $172,000 after acquiring an additional 12,024 shares in the last quarter. Trexquant Investment LP bought a new stake in Heron Therapeutics during the third quarter worth about $206,000. Jane Street Group LLC bought a new stake in Heron Therapeutics during the third quarter worth about $223,000. Finally, HighTower Advisors LLC boosted its stake in Heron Therapeutics by 11.4% during the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock worth $231,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors own 98.78% of the company’s stock.

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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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