Shares of Heron Therapeutics Inc (NASDAQ:HRTX) have received a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.13.
Several brokerages have issued reports on HRTX. ValuEngine raised shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub cut shares of Heron Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Oppenheimer reissued a “buy” rating and issued a $27.00 price objective on shares of Heron Therapeutics in a research note on Friday, November 10th. Finally, Cantor Fitzgerald set a $31.00 price objective on shares of Heron Therapeutics and gave the company a “buy” rating in a research note on Friday, January 5th.
In other news, VP Kimberly Manhard sold 7,584 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $20.00, for a total transaction of $151,680.00. Following the transaction, the vice president now directly owns 7,584 shares of the company’s stock, valued at approximately $151,680. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 19.93% of the company’s stock.
Several large investors have recently bought and sold shares of HRTX. Pinnacle Associates Ltd. acquired a new position in shares of Heron Therapeutics during the 4th quarter worth $201,000. Trexquant Investment LP acquired a new position in shares of Heron Therapeutics during the 3rd quarter worth $206,000. Jane Street Group LLC acquired a new position in shares of Heron Therapeutics during the 3rd quarter worth $223,000. UBS Asset Management Americas Inc. acquired a new position in shares of Heron Therapeutics during the 4th quarter worth $230,000. Finally, HighTower Advisors LLC grew its stake in shares of Heron Therapeutics by 11.4% during the 2nd quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock worth $231,000 after purchasing an additional 1,700 shares during the period. 98.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Heron Therapeutics (NASDAQ:HRTX) traded up $0.90 on Tuesday, reaching $22.40. 602,084 shares of the company’s stock traded hands, compared to its average volume of 1,018,733. The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,170.00, a PE ratio of -5.67 and a beta of 1.87. Heron Therapeutics has a 12 month low of $12.70 and a 12 month high of $24.80.
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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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