Pacira Pharmaceuticals, Inc. (PCRX) Receives Consensus Rating of “Hold” from Brokerages
Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) has been given an average recommendation of “Hold” by the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $51.08.
PCRX has been the subject of a number of analyst reports. Zacks Investment Research lowered Pacira Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Canaccord Genuity reiterated a “buy” rating and set a $44.00 price target (down previously from $48.00) on shares of Pacira Pharmaceuticals in a research report on Sunday, October 1st. CIBC assumed coverage on Pacira Pharmaceuticals in a report on Thursday, September 7th. They issued a “market perform” rating for the company. Wedbush restated an “outperform” rating and issued a $87.00 price objective on shares of Pacira Pharmaceuticals in a report on Wednesday, October 25th. Finally, Needham & Company LLC restated a “buy” rating on shares of Pacira Pharmaceuticals in a report on Tuesday, September 26th.
Pacira Pharmaceuticals (NASDAQ PCRX) opened at $36.10 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 7.84 and a quick ratio of 7.26. Pacira Pharmaceuticals has a 12-month low of $29.81 and a 12-month high of $58.95.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.06). Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. The business had revenue of $70.90 million for the quarter, compared to analyst estimates of $73.37 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. equities research analysts predict that Pacira Pharmaceuticals will post -0.96 earnings per share 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 completion of the sale, 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 document filed with the SEC, which is available at the SEC website. Also, CEO David M. Stack sold 28,885 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $36.37, for a total value of $1,050,547.45. Following the transaction, the chief executive officer now directly owns 159,164 shares in the company, valued at $5,788,794.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,390 shares of company stock valued at $1,215,480. 6.60% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in Pacira Pharmaceuticals during the second quarter valued at $114,000. Benjamin F. Edwards & Company Inc. raised its position in Pacira Pharmaceuticals by 12.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,794 shares of the company’s stock valued at $133,000 after buying an additional 303 shares during the period. Cubist Systematic Strategies LLC raised its position in Pacira Pharmaceuticals by 121.5% during the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock valued at $152,000 after buying an additional 1,752 shares during the period. QS Investors LLC acquired a new position in Pacira Pharmaceuticals during the second quarter valued at $157,000. Finally, Ameritas Investment Partners Inc. raised its position in Pacira Pharmaceuticals by 9.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,449 shares of the company’s stock valued at $165,000 after buying an additional 302 shares during the period.
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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