Janney Montgomery Scott set a $27.00 price target on Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) in a research note issued to investors on Thursday morning. The brokerage currently has a sell rating on the stock.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Pacira Pharmaceuticals from a buy rating to a hold rating in a research note on Monday, October 9th. Canaccord Genuity reaffirmed a buy rating and set a $44.00 price objective (down from $48.00) on shares of Pacira Pharmaceuticals in a research note on Sunday, October 1st. CIBC assumed coverage on Pacira Pharmaceuticals in a research note on Thursday, September 7th. They set a market perform rating for the company. Wedbush reaffirmed an outperform rating and set a $87.00 price objective on shares of Pacira Pharmaceuticals in a research note on Wednesday, October 25th. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Pacira Pharmaceuticals in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and an average price target of $49.71.

Pacira Pharmaceuticals (PCRX) traded up $0.75 during midday trading on Thursday, hitting $40.25. The stock had a trading volume of 710,957 shares, compared to its average volume of 843,788. Pacira Pharmaceuticals has a one year low of $29.81 and a one year high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.

Pacira Pharmaceuticals (NASDAQ:PCRX) last released its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. The company had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.20 EPS. equities research analysts expect that Pacira Pharmaceuticals will post -0.87 EPS for the current year.

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In other news, Director Mark A. Kronenfeld purchased 1,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were bought at an average cost of $41.60 per share, for a total transaction of $41,600.00. Following the completion of the acquisition, the director now directly owns 6,795 shares in the company, valued at approximately $282,672. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David M. Stack sold 58,885 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $38.34, for a total value of $2,257,650.90. Following the completion of the sale, the chief executive officer now owns 159,164 shares in the company, valued at $6,102,347.76. The disclosure for this sale can be found here. Insiders own 6.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Pacira Pharmaceuticals by 9.2% in the second quarter. BlackRock Inc. now owns 3,478,281 shares of the company’s stock valued at $165,914,000 after purchasing an additional 294,494 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Pacira Pharmaceuticals by 7.4% in the second quarter. Vanguard Group Inc. now owns 3,072,074 shares of the company’s stock valued at $146,538,000 after purchasing an additional 211,982 shares in the last quarter. HealthCor Management L.P. lifted its holdings in shares of Pacira Pharmaceuticals by 63.1% in the second quarter. HealthCor Management L.P. now owns 1,793,799 shares of the company’s stock valued at $85,564,000 after purchasing an additional 693,799 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Pacira Pharmaceuticals by 5.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,285,850 shares of the company’s stock valued at $48,284,000 after purchasing an additional 64,510 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Pacira Pharmaceuticals by 5.8% in the third quarter. Macquarie Group Ltd. now owns 1,154,545 shares of the company’s stock valued at $43,353,000 after purchasing an additional 63,015 shares in the last quarter. Institutional investors own 99.64% of the company’s stock.

About Pacira Pharmaceuticals

Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.

Analyst Recommendations for Pacira Pharmaceuticals (NASDAQ:PCRX)

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