Recro Pharma, Inc. (REPH) Given Consensus Rating of “Buy” by Analysts
Recro Pharma, Inc. (NASDAQ:REPH) has earned an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.50.
REPH has been the topic of a number of research analyst reports. Janney Montgomery Scott downgraded Recro Pharma from a “buy” rating to a “fair value” rating and cut their target price for the stock from $21.00 to $6.50 in a research note on Wednesday, June 14th. Zacks Investment Research downgraded Recro Pharma from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Piper Jaffray Companies set a $11.00 target price on Recro Pharma and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Finally, Roth Capital set a $20.00 target price on Recro Pharma and gave the stock a “buy” rating in a research note on Monday, July 31st.
Recro Pharma (NASDAQ REPH) traded up 3.90% during mid-day trading on Wednesday, reaching $9.06. The company’s stock had a trading volume of 107,466 shares. Recro Pharma has a 52-week low of $5.81 and a 52-week high of $10.17. The firm has a 50 day moving average price of $8.14 and a 200 day moving average price of $7.72. The company’s market cap is $172.68 million.
Recro Pharma (NASDAQ:REPH) last announced its earnings results on Thursday, August 10th. The specialty pharmaceutical company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.06. Recro Pharma had a negative return on equity of 56.04% and a negative net margin of 46.75%. The firm had revenue of $16.93 million for the quarter, compared to the consensus estimate of $14.90 million. Equities research analysts anticipate that Recro Pharma will post ($2.35) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Recro Pharma by 3.0% in the first quarter. Wells Fargo & Company MN now owns 17,200 shares of the specialty pharmaceutical company’s stock valued at $150,000 after purchasing an additional 500 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Recro Pharma by 76.9% in the second quarter. Janney Montgomery Scott LLC now owns 22,085 shares of the specialty pharmaceutical company’s stock valued at $155,000 after purchasing an additional 9,600 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Recro Pharma in the first quarter valued at approximately $156,000. KCG Holdings Inc. purchased a new position in Recro Pharma in the first quarter valued at approximately $173,000. Finally, Rothschild Investment Corp IL purchased a new position in Recro Pharma in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 65.06% of the company’s stock.
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About Recro Pharma
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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