Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) had its target price cut by Jefferies Group LLC to $52.00 in a research report report published on Thursday morning. They currently have a buy rating on the stock.

PCRX has been the subject of several other reports. Canaccord Genuity restated a buy rating and issued a $56.00 target price on shares of Pacira Pharmaceuticals in a report on Monday, July 31st. Wedbush restated an outperform rating and issued a $87.00 target price on shares of Pacira Pharmaceuticals in a report on Wednesday, July 19th. Zacks Investment Research upgraded Pacira Pharmaceuticals from a sell rating to a hold rating in a report on Friday, August 11th. Mizuho restated a buy rating and issued a $53.00 target price (down from $54.00) on shares of Pacira Pharmaceuticals in a report on Tuesday, August 22nd. Finally, BMO Capital Markets cut their price target on Pacira Pharmaceuticals from $42.00 to $40.00 and set a market perform rating for the company in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Pacira Pharmaceuticals currently has a consensus rating of Hold and a consensus target price of $49.71.

Pacira Pharmaceuticals (NASDAQ PCRX) traded up $1.90 on Thursday, reaching $42.05. The company had a trading volume of 787,300 shares, compared to its average volume of 840,020. Pacira Pharmaceuticals has a 12-month low of $29.81 and a 12-month high of $58.95. The company has a debt-to-equity ratio of 1.03, a current ratio of 6.99 and a quick ratio of 7.26.

Pacira Pharmaceuticals (NASDAQ:PCRX) last posted its earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The firm had revenue of $67.30 million during the quarter, compared to analyst estimates of $68.99 million. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts expect that Pacira Pharmaceuticals will post -0.96 earnings per share for the current year.

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In related news, CAO Kristen Marie Williams sold 3,461 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total value of $127,191.75. Following the completion of the transaction, the chief accounting officer now directly owns 21,312 shares in the company, valued at $783,216. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul J. Hastings sold 1,044 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $36.15, for a total value of $37,740.60. Following the completion of the transaction, the director now owns 3,518 shares of the company’s stock, valued at $127,175.70. The disclosure for this sale can be found here. Insiders sold 33,390 shares of company stock valued at $1,215,480 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in PCRX. Oppenheimer Asset Management Inc. bought a new stake in Pacira Pharmaceuticals in the second quarter valued at $114,000. Benjamin F. Edwards & Company Inc. grew its position in Pacira Pharmaceuticals by 12.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the company’s stock valued at $133,000 after acquiring an additional 303 shares during the period. Cubist Systematic Strategies LLC grew its position in Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock valued at $152,000 after acquiring an additional 1,752 shares during the period. QS Investors LLC bought a new stake in Pacira Pharmaceuticals in the second quarter valued at $157,000. Finally, Ameritas Investment Partners Inc. grew its position in Pacira Pharmaceuticals by 9.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock valued at $165,000 after acquiring an additional 302 shares during the period.

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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