Heron Therapeutics Inc. (NASDAQ:HRTX) fell 2.3% during trading on Wednesday . The stock traded as low as $19.16 and last traded at $19.41, with a volume of 211,921 shares trading hands. The stock had previously closed at $19.86.

Several research firms have recently commented on HRTX. Leerink Swann reaffirmed an “outperform” rating and set a $33.00 price target on shares of Heron Therapeutics in a research report on Thursday, August 18th. Brean Capital reaffirmed a “buy” rating and set a $55.00 price target on shares of Heron Therapeutics in a research report on Saturday, August 13th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of Heron Therapeutics in a research report on Tuesday, August 9th. Zacks Investment Research lowered shares of Heron Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, JMP Securities reaffirmed a “buy” rating on shares of Heron Therapeutics in a research report on Friday, September 9th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $47.70.

The firm has a 50-day moving average of $19.58 and a 200-day moving average of $18.95.

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Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings data on Monday, August 8th. The biotechnology company reported ($1.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.96) by $0.21. On average, equities research analysts predict that Heron Therapeutics Inc. will post ($4.43) EPS for the current year.

In other news, insider Robert Rosen sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was 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 directly owns 102,640 shares in the company, valued at $2,391,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 20.31% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of HRTX. BlackRock Group LTD raised its stake in shares of Heron Therapeutics by 174.2% in the first quarter. BlackRock Group LTD now owns 9,919 shares of the biotechnology company’s stock worth $188,000 after buying an additional 6,301 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Heron Therapeutics during the second quarter worth about $213,000. BlackRock Advisors LLC raised its stake in shares of Heron Therapeutics by 13.3% in the second quarter. BlackRock Advisors LLC now owns 15,104 shares of the biotechnology company’s stock worth $273,000 after buying an additional 1,769 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Heron Therapeutics by 8.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 16,739 shares of the biotechnology company’s stock worth $302,000 after buying an additional 1,283 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of Heron Therapeutics by 8.1% in the second quarter. American International Group Inc. now owns 18,293 shares of the biotechnology company’s stock worth $330,000 after buying an additional 1,369 shares in the last quarter.

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.

5 Day Chart for NASDAQ:HRTX

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