BidaskClub downgraded shares of Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) from a hold rating to a sell rating in a research report report published on Thursday morning.

Other analysts also recently issued reports about the company. HC Wainwright set a $59.00 price objective on Pacira Pharmaceuticals and gave the stock a buy rating in a report on Saturday, May 6th. Royal Bank Of Canada began coverage on Pacira Pharmaceuticals in a report on Thursday, April 13th. They set an outperform rating and a $58.00 price objective for the company. Wedbush restated an outperform rating and set a $87.00 price objective on shares of Pacira Pharmaceuticals in a report on Wednesday, June 21st. ValuEngine upgraded Pacira Pharmaceuticals from a sell rating to a hold rating in a report on Tuesday, June 20th. Finally, Canaccord Genuity restated a buy rating and set a $60.00 price objective on shares of Pacira Pharmaceuticals in a report on Friday, May 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $54.92.

Shares of Pacira Pharmaceuticals (NASDAQ PCRX) traded down 0.75% during mid-day trading on Thursday, hitting $39.70. The stock had a trading volume of 296,164 shares. The firm has a 50 day moving average price of $46.59 and a 200 day moving average price of $45.47. The firm’s market cap is $1.59 billion. Pacira Pharmaceuticals has a 52-week low of $29.95 and a 52-week high of $58.95.

Pacira Pharmaceuticals (NASDAQ:PCRX) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. The business had revenue of $69.30 million during the quarter, compared to the consensus estimate of $70.30 million. Pacira Pharmaceuticals had a negative return on equity of 7.71% and a negative net margin of 19.26%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 EPS. Equities analysts predict that Pacira Pharmaceuticals will post ($0.02) EPS for the current year.

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In other news, CAO Kristen Marie Williams sold 21,041 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $50.86, for a total transaction of $1,070,145.26. Following the completion of the sale, the chief accounting officer now directly owns 18,775 shares in the company, valued at $954,896.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lauren Bullaro Riker sold 601 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $43.32, for a total value of $26,035.32. The disclosure for this sale can be found here. Insiders have sold 50,564 shares of company stock valued at $2,506,682 over the last 90 days. Insiders own 6.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Pacira Pharmaceuticals by 28,922.7% in the first quarter. BlackRock Inc. now owns 3,183,787 shares of the company’s stock valued at $145,180,000 after buying an additional 3,172,817 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Pacira Pharmaceuticals by 4.1% in the first quarter. Vanguard Group Inc. now owns 2,860,092 shares of the company’s stock valued at $130,420,000 after buying an additional 112,853 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Pacira Pharmaceuticals by 0.3% in the first quarter. Westfield Capital Management Co. LP now owns 1,608,847 shares of the company’s stock valued at $73,363,000 after buying an additional 5,166 shares in the last quarter. State Street Corp increased its stake in shares of Pacira Pharmaceuticals by 2.7% in the first quarter. State Street Corp now owns 1,107,356 shares of the company’s stock valued at $50,499,000 after buying an additional 28,663 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Pacira Pharmaceuticals by 6.7% in the first quarter. Macquarie Group Ltd. now owns 1,074,770 shares of the company’s stock valued at $49,010,000 after buying an additional 67,321 shares in the last quarter.

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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