Heron Therapeutics Inc. (NASDAQ:HRTX)‘s stock had its “buy” rating reaffirmed by stock analysts at JMP Securities in a research report issued to clients and investors on Friday.
A number of other brokerages also recently weighed in on HRTX. Zacks Investment Research downgraded shares of Heron Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $41.00 price objective on shares of Heron Therapeutics in a report on Wednesday, August 3rd. Lake Street Capital reaffirmed a “buy” rating and set a $45.00 price objective on shares of Heron Therapeutics in a report on Tuesday. Leerink Swann reaffirmed an “outperform” rating and set a $33.00 price objective on shares of Heron Therapeutics in a report on Thursday, August 18th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Heron Therapeutics in a report on Saturday, July 9th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Heron Therapeutics currently has a consensus rating of “Buy” and a consensus target price of $47.70.
Heron Therapeutics (NASDAQ:HRTX) traded down 0.42% on Friday, hitting $18.79. 149,168 shares of the stock traded hands. The stock has a 50-day moving average price of $18.95 and a 200 day moving average price of $18.84. Heron Therapeutics has a 12-month low of $15.22 and a 12-month high of $42.25.
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Heron Therapeutics (NASDAQ:HRTX) last issued its quarterly earnings results on Monday, August 8th. The biotechnology company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.96) by $0.21. Equities analysts expect that Heron Therapeutics will post ($4.41) earnings per share for the current year.
In other Heron Therapeutics news, insider Robert Rosen sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $23.30, for a total value of $2,330,000.00. Following the completion of the sale, the insider now owns 102,640 shares in the company, valued at approximately $2,391,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.31% of the stock is currently owned by company insiders.
A number of large investors recently bought and sold shares of HRTX. Brandywine Global Investment Management LLC bought a new stake in Heron Therapeutics during the fourth quarter valued at $2,162,000. Franklin Resources Inc. boosted its stake in Heron Therapeutics by 28.2% in the first quarter. Franklin Resources Inc. now owns 7,523,278 shares of the biotechnology company’s stock valued at $142,869,000 after buying an additional 1,653,008 shares during the last quarter. BlackRock Group LTD boosted its stake in Heron Therapeutics by 174.2% in the first quarter. BlackRock Group LTD now owns 9,919 shares of the biotechnology company’s stock valued at $188,000 after buying an additional 6,301 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Heron Therapeutics by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 348,685 shares of the biotechnology company’s stock valued at $6,622,000 after buying an additional 19,737 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Heron Therapeutics by 1.4% in the first quarter. Geode Capital Management LLC now owns 207,789 shares of the biotechnology company’s stock valued at $3,945,000 after buying an additional 2,908 shares in the last quarter.
Heron Therapeutics Company Profile
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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