Piper Jaffray Companies Analysts Give Recro Pharma, Inc. (REPH) a $11.00 Price Target
Recro Pharma, Inc. (NASDAQ:REPH) has been given a $11.00 price objective by stock analysts at Piper Jaffray Companies in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the specialty pharmaceutical company’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 40.31% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. Janney Montgomery Scott cut shares of Recro Pharma from a “buy” rating to a “fair value” rating and cut their price objective for the stock from $21.00 to $6.50 in a research report on Wednesday, June 14th. Aegis restated a “buy” rating and set a $11.00 price objective on shares of Recro Pharma in a research report on Monday, March 27th. Zacks Investment Research upgraded shares of Recro Pharma from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, May 17th. Finally, Roth Capital set a $20.00 price objective on shares of Recro Pharma and gave the stock a “buy” rating in a research report on Saturday, May 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Recro Pharma presently has a consensus rating of “Buy” and a consensus target price of $14.00.
Shares of Recro Pharma (NASDAQ:REPH) remained flat at $7.84 during mid-day trading on Tuesday. 50,849 shares of the company’s stock traded hands. Recro Pharma has a 12 month low of $5.81 and a 12 month high of $10.85. The firm’s market capitalization is $149.35 million. The company’s 50 day moving average price is $7.08 and its 200 day moving average price is $7.64.
Recro Pharma (NASDAQ:REPH) last issued its earnings results on Thursday, May 11th. The specialty pharmaceutical company reported ($0.42) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.57) by $0.15. Recro Pharma had a negative net margin of 45.15% and a negative return on equity of 61.09%. The business had revenue of $18.74 million during the quarter, compared to analysts’ expectations of $15.58 million. Equities research analysts expect that Recro Pharma will post ($2.35) earnings per share for the current fiscal year.
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In other Recro Pharma news, major shareholder Stonepine Capital Management, sold 510,000 shares of Recro Pharma stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $7.40, for a total transaction of $3,774,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James E. Flynn sold 62,868 shares of Recro Pharma stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $7.06, for a total transaction of $443,848.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,187,699 shares of company stock valued at $8,749,514. Company insiders own 21.60% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. KCG Holdings Inc. acquired a new position in Recro Pharma during the first quarter valued at approximately $173,000. Renaissance Technologies LLC raised its position in Recro Pharma by 245.1% in the first quarter. Renaissance Technologies LLC now owns 63,500 shares of the specialty pharmaceutical company’s stock valued at $555,000 after buying an additional 45,100 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Recro Pharma during the first quarter valued at approximately $1,601,000. MARSHALL WACE ASIA Ltd acquired a new position in Recro Pharma during the first quarter valued at approximately $1,601,000. Finally, Segantii Capital Management Ltd raised its position in Recro Pharma by 602.1% in the first quarter. Segantii Capital Management Ltd now owns 26,678 shares of the specialty pharmaceutical company’s stock valued at $233,000 after buying an additional 22,878 shares during the last quarter. Institutional investors and hedge funds own 64.20% of the company’s stock.
Recro Pharma Company Profile
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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