Heron Therapeutics Inc (NASDAQ:HRTX) – Investment analysts at Oppenheimer cut their FY2019 earnings per share (EPS) estimates for shares of Heron Therapeutics in a research note issued on Monday. Oppenheimer analyst D. Archila now anticipates that the biotechnology company will post earnings of ($0.23) per share for the year, down from their previous estimate of ($0.20). Oppenheimer currently has a “Buy” rating and a $34.00 target price on the stock. Oppenheimer also issued estimates for Heron Therapeutics’ FY2022 earnings at $5.03 EPS.

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A number of other equities analysts also recently commented on HRTX. Noble Financial restated a “buy” rating on shares of Heron Therapeutics in a report on Wednesday. Needham & Company LLC increased their price objective on Heron Therapeutics to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Cowen restated a “buy” rating on shares of Heron Therapeutics in a report on Monday. Mizuho restated a “buy” rating and issued a $35.00 price objective (up previously from $28.00) on shares of Heron Therapeutics in a report on Monday. Finally, Cantor Fitzgerald set a $40.00 price objective on Heron Therapeutics and gave the stock a “buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $33.00.

Heron Therapeutics stock traded up $1.20 during midday trading on Thursday, hitting $28.35. 822,119 shares of the stock were exchanged, compared to its average volume of 1,231,958. The stock has a market capitalization of $1,768.13, a price-to-earnings ratio of -7.66 and a beta of 1.87. Heron Therapeutics has a 1-year low of $12.70 and a 1-year high of $32.70.

Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings results on Tuesday, February 27th. The biotechnology company reported ($1.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.29). The company had revenue of $10.05 million during the quarter, compared to analysts’ expectations of $9.00 million. Heron Therapeutics had a negative return on equity of 230.70% and a negative net margin of 641.87%.

In other Heron Therapeutics news, VP Kimberly Manhard sold 7,584 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $20.00, for a total transaction of $151,680.00. Following the transaction, the vice president now owns 7,584 shares in the company, valued at $151,680. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Barry D. Quart sold 100,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $24.75, for a total value of $2,475,000.00. Following the transaction, the chief executive officer now owns 167,993 shares in the company, valued at approximately $4,157,826.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 225,584 shares of company stock worth $6,141,680. Corporate insiders own 19.93% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Ellington Management Group LLC acquired a new stake in shares of Heron Therapeutics in the fourth quarter worth $195,000. Pinnacle Associates Ltd. acquired a new stake in shares of Heron Therapeutics in the fourth quarter worth $201,000. Trexquant Investment LP acquired a new stake in shares of Heron Therapeutics in the third quarter worth $206,000. Jefferies Group LLC acquired a new stake in shares of Heron Therapeutics in the fourth quarter worth $214,000. Finally, Jane Street Group LLC acquired a new stake in shares of Heron Therapeutics in the third quarter worth $223,000.

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Heron Therapeutics Company Profile

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.

Earnings History and Estimates for Heron Therapeutics (NASDAQ:HRTX)

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