Pacira Pharmaceuticals, Inc. (PCRX) Receives Consensus Rating of “Hold” from Brokerages
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) has earned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $53.42.
PCRX has been the topic of several recent research reports. Canaccord Genuity reduced their price target on Pacira Pharmaceuticals from $56.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, August 29th. CIBC initiated coverage on Pacira Pharmaceuticals in a research note on Thursday, September 7th. They issued a “market perform” rating on the stock. Mizuho reaffirmed a “buy” rating and issued a $54.00 price target on shares of Pacira Pharmaceuticals in a research note on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $59.00 price target on shares of Pacira Pharmaceuticals in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada set a $58.00 price target on Pacira Pharmaceuticals and gave the stock a “buy” rating in a research note on Sunday, July 30th.
Pacira Pharmaceuticals (PCRX) opened at 37.05 on Friday. Pacira Pharmaceuticals has a one year low of $29.95 and a one year high of $58.95. The company has a 50 day moving average price of $37.12 and a 200-day moving average price of $44.48. The company’s market capitalization is $1.49 billion.
Pacira Pharmaceuticals (NASDAQ:PCRX) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.06). The firm had revenue of $70.90 million during the quarter, compared to analysts’ expectations of $73.37 million. Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. Pacira Pharmaceuticals’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Analysts expect that Pacira Pharmaceuticals will post ($0.17) EPS for the current fiscal year.
In other news, CAO Kristen Marie Williams sold 3,461 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total transaction of $127,191.75. Following the transaction, the chief accounting officer now directly owns 21,312 shares of the company’s stock, valued at $783,216. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul J. Hastings sold 1,044 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $36.15, for a total value of $37,740.60. Following the transaction, the director now directly owns 3,518 shares in the company, valued at $127,175.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,390 shares of company stock worth $1,215,480. Corporate insiders own 6.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of PCRX. Teachers Advisors LLC lifted its holdings in Pacira Pharmaceuticals by 6.2% in the fourth quarter. Teachers Advisors LLC now owns 62,854 shares of the company’s stock valued at $2,030,000 after acquiring an additional 3,658 shares during the period. Nationwide Fund Advisors lifted its holdings in Pacira Pharmaceuticals by 147.4% in the first quarter. Nationwide Fund Advisors now owns 56,190 shares of the company’s stock valued at $2,562,000 after acquiring an additional 33,482 shares during the period. Capital Fund Management S.A. bought a new position in Pacira Pharmaceuticals in the first quarter valued at about $300,000. US Bancorp DE lifted its holdings in Pacira Pharmaceuticals by 50.5% in the first quarter. US Bancorp DE now owns 8,989 shares of the company’s stock valued at $410,000 after acquiring an additional 3,015 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Pacira Pharmaceuticals by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 206,435 shares of the company’s stock valued at $9,415,000 after acquiring an additional 8,366 shares during the period.
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Pacira Pharmaceuticals Company Profile
Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.
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