Mizuho reiterated their buy rating on shares of Heron Therapeutics (NASDAQ:HRTX) in a research note published on Tuesday. They currently have a $28.00 price objective on the biotechnology company’s stock.
Other analysts have also issued research reports about the company. Cowen reaffirmed a buy rating and issued a $40.00 price target on shares of Heron Therapeutics in a research note on Monday, November 6th. Cantor Fitzgerald reaffirmed a buy rating and issued a $31.00 price target on shares of Heron Therapeutics in a research note on Thursday, November 2nd. Oppenheimer initiated coverage on Heron Therapeutics in a research note on Monday, October 30th. They issued a buy rating and a $27.00 price target on the stock. Noble Financial reaffirmed a buy rating and issued a $24.00 price target on shares of Heron Therapeutics in a research note on Friday, October 6th. Finally, Zacks Investment Research raised Heron Therapeutics from a hold rating to a buy rating and set a $18.00 price target on the stock in a research note on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Heron Therapeutics presently has a consensus rating of Buy and an average target price of $28.82.
Heron Therapeutics (NASDAQ HRTX) remained flat at $$21.40 on Tuesday. 1,294,900 shares of the company traded hands, compared to its average volume of 1,101,430. The firm has a market capitalization of $1,180.00, a P/E ratio of -5.65 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 has a 1 year low of $12.25 and a 1 year high of $22.20.
Heron Therapeutics (NASDAQ:HRTX) last announced its quarterly earnings results on Monday, November 6th. The biotechnology company reported ($0.77) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.87) by $0.10. The business had revenue of $8.57 million for the quarter, compared to analyst estimates of $8.12 million. Heron Therapeutics had a negative return on equity of 385.11% and a negative net margin of 831.89%. sell-side analysts forecast that Heron Therapeutics will post -3.38 EPS for the current year.
In other Heron Therapeutics news, VP Kimberly Manhard sold 7,584 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $20.00, for a total value of $151,680.00. Following the transaction, the vice president now owns 7,584 shares of the company’s stock, valued at $151,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 19.93% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. Private Asset Management Inc. boosted its stake in Heron Therapeutics by 190.6% in the fourth quarter. Private Asset Management Inc. now owns 86,975 shares of the biotechnology company’s stock worth $1,574,000 after purchasing an additional 57,050 shares in the last quarter. Rubric Capital Management LP boosted its stake in Heron Therapeutics by 11.8% in the third quarter. Rubric Capital Management LP now owns 1,900,000 shares of the biotechnology company’s stock worth $30,685,000 after purchasing an additional 200,000 shares in the last quarter. Perceptive Advisors LLC acquired a new position in Heron Therapeutics in the third quarter worth $5,329,000. Janus Henderson Group PLC boosted its stake in Heron Therapeutics by 2.2% in the third quarter. Janus Henderson Group PLC now owns 5,767,495 shares of the biotechnology company’s stock worth $93,145,000 after purchasing an additional 126,039 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Heron Therapeutics in the third quarter worth $223,000. 98.21% of the stock is currently owned by institutional investors.
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About Heron Therapeutics
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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