Heron Therapeutics Sees Unusually High Options Volume (HRTX)
Heron Therapeutics Inc (NASDAQ:HRTX) was the target of some unusual options trading activity on Thursday. Stock traders bought 4,937 call options on the stock. This is an increase of 1,784% compared to the average volume of 262 call options.
Several research firms have recently commented on HRTX. Cantor Fitzgerald set a $31.00 price target on shares of Heron Therapeutics and gave the company a “buy” rating in a research note on Friday. ValuEngine raised shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Leerink Swann began coverage on shares of Heron Therapeutics in a research note on Tuesday, January 2nd. They set an “outperform” rating and a $22.00 price target on the stock. Mizuho began coverage on shares of Heron Therapeutics in a research note on Tuesday, September 26th. They set a “buy” rating and a $28.00 price target on the stock. Finally, BidaskClub raised shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Heron Therapeutics has a consensus rating of “Buy” and an average target price of $28.82.
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its stake in Heron Therapeutics by 26.6% in the second quarter. Legal & General Group Plc now owns 11,354 shares of the biotechnology company’s stock valued at $157,000 after acquiring an additional 2,383 shares during the last quarter. Quantbot Technologies LP boosted its stake in Heron Therapeutics by 2,619.6% in the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock valued at $172,000 after acquiring an additional 12,024 shares during the last quarter. Trexquant Investment LP bought a new position in Heron Therapeutics in the third quarter valued at approximately $206,000. Jane Street Group LLC bought a new position in Heron Therapeutics in the third quarter valued at approximately $223,000. Finally, HighTower Advisors LLC boosted its stake in Heron Therapeutics by 11.4% in the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock valued at $231,000 after acquiring an additional 1,700 shares during the last quarter. 98.78% of the stock is currently owned by hedge funds and other institutional investors.
Heron Therapeutics (HRTX) opened at $18.42 on Tuesday. Heron Therapeutics has a 52 week low of $12.21 and a 52 week high of $19.55. The stock has a market cap of $1,000.00, a P/E ratio of -4.86 and a beta of 2.12. The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.62.
Heron Therapeutics (NASDAQ:HRTX) last announced 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 predict that Heron Therapeutics will post -3.39 EPS for the current year.
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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.
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