Recro Pharma, Inc. (REPH) Lowered to “Sell” at Zacks Investment Research
Recro Pharma, Inc. (NASDAQ:REPH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Recro Pharma, Inc. is a clinical stage specialty pharmaceutical company. It develops non-opioid therapeutics for the treatment of pain in the post-operative setting. The company is developing intranasal formulation of Dexmedetomidine (Dex) for the treatment of post-operative pain and cancer breakthrough pain; sublingual formulation of Dex for the treatment of chronic pain; and Fadolmidine (Fado), a product candidate to treat post-operative pain and neuropathic pain. Recro Pharma, Inc. is based in Malvern, Pennsylvania. “
Several other research firms have also recently issued reports on REPH. Piper Jaffray Companies set a $11.00 price objective on Recro Pharma and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Roth Capital set a $20.00 target price on Recro Pharma and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Janney Montgomery Scott cut Recro Pharma from a “buy” rating to a “fair value” rating and decreased their target price for the company from $21.00 to $6.50 in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $12.63.
Shares of Recro Pharma (NASDAQ:REPH) opened at 8.72 on Wednesday. The firm’s market cap is $166.19 million. The firm has a 50-day moving average price of $8.14 and a 200 day moving average price of $7.72. Recro Pharma has a one year low of $5.81 and a one year high of $10.17.
Recro Pharma (NASDAQ:REPH) last released its quarterly earnings data on Thursday, August 10th. The specialty pharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.54) by $0.06. The business had revenue of $16.93 million during the quarter, compared to analysts’ expectations of $14.90 million. Recro Pharma had a negative return on equity of 56.04% and a negative net margin of 46.75%. On average, analysts forecast that Recro Pharma will post ($2.35) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in REPH. Marshall Wace North America L.P. acquired a new stake in shares of Recro Pharma in the 1st quarter valued at about $1,601,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Recro Pharma in the 1st quarter valued at about $1,601,000. OxFORD Asset Management LLP boosted its position in shares of Recro Pharma by 364.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 203,430 shares of the specialty pharmaceutical company’s stock valued at $1,430,000 after purchasing an additional 159,619 shares during the period. State Street Corp acquired a new stake in shares of Recro Pharma in the 2nd quarter valued at about $1,047,000. Finally, Northern Trust Corp boosted its position in shares of Recro Pharma by 428.5% in the 2nd quarter. Northern Trust Corp now owns 178,437 shares of the specialty pharmaceutical company’s stock valued at $1,254,000 after purchasing an additional 144,676 shares during the period. 65.06% of the stock is owned by hedge funds and other institutional investors.
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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