Heron Therapeutics, Inc. (HRTX) Upgraded by ValuEngine to “Sell”
ValuEngine upgraded shares of Heron Therapeutics, Inc. (NASDAQ:HRTX) from a strong sell rating to a sell rating in a research report released on Thursday morning.
Several other equities analysts also recently commented on HRTX. Needham & Company LLC started coverage on Heron Therapeutics in a research report on Monday, February 27th. They issued a buy rating and a $28.00 price objective on the stock. Cantor Fitzgerald set a $30.00 target price on Heron Therapeutics and gave the stock a buy rating in a research report on Sunday, February 26th. Zacks Investment Research upgraded Heron Therapeutics from a strong sell rating to a hold rating in a research report on Tuesday, March 7th. Aegis reiterated a buy rating on shares of Heron Therapeutics in a research report on Tuesday, March 21st. Finally, Jefferies Group LLC reiterated a buy rating and issued a $29.00 target price on shares of Heron Therapeutics in a research report on Monday, April 10th. Two research analysts have rated the stock with a sell rating and ten have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $34.50.
Heron Therapeutics (HRTX) opened at 13.85 on Thursday. Heron Therapeutics has a 12 month low of $12.21 and a 12 month high of $24.00. The stock’s 50 day moving average price is $14.32 and its 200 day moving average price is $14.12.
Heron Therapeutics (NASDAQ:HRTX) last announced its quarterly earnings data on Wednesday, May 10th. The biotechnology company reported ($1.00) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.94) by $0.06. The firm had revenue of $3.63 million during the quarter, compared to analyst estimates of $1.96 million. Analysts expect that Heron Therapeutics will post ($3.73) EPS for the current year.
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In related news, VP Kimberly Manhard sold 21,542 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $15.33, for a total value of $330,238.86. Following the sale, the vice president now directly owns 5,250 shares in the company, valued at $80,482.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.31% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of HRTX. Rubric Capital Management LP boosted its stake in shares of Heron Therapeutics by 190.9% in the first quarter. Rubric Capital Management LP now owns 1,600,000 shares of the biotechnology company’s stock valued at $24,000,000 after buying an additional 1,050,000 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Heron Therapeutics during the first quarter valued at $532,000. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Heron Therapeutics during the first quarter valued at $435,000. Nationwide Fund Advisors boosted its stake in shares of Heron Therapeutics by 11.3% in the first quarter. Nationwide Fund Advisors now owns 21,972 shares of the biotechnology company’s stock valued at $330,000 after buying an additional 2,233 shares during the last quarter. Finally, Highbridge Capital Management LLC boosted its stake in shares of Heron Therapeutics by 1.6% in the fourth quarter. Highbridge Capital Management LLC now owns 15,697 shares of the biotechnology company’s stock valued at $206,000 after buying an additional 252 shares during the last quarter.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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