Heron Therapeutics, Inc. (NASDAQ:HRTX) was the recipient of unusually large options trading on Tuesday. Investors acquired 2,953 call options on the company. This is an increase of approximately 781% compared to the typical daily volume of 335 call options.

A number of equities analysts have weighed in on the company. Cowen reissued a “buy” rating and set a $40.00 price target on shares of Heron Therapeutics in a research report on Wednesday. ValuEngine raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research raised Heron Therapeutics from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, November 22nd. Noble Financial reissued a “buy” rating on shares of Heron Therapeutics in a research report on Sunday, November 12th. Finally, Oppenheimer reissued a “buy” rating and set a $27.00 price target on shares of Heron Therapeutics in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Heron Therapeutics has an average rating of “Buy” and a consensus price target of $28.73.

Large investors have recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of Heron Therapeutics by 13.9% during the first quarter. Legal & General Group Plc now owns 8,971 shares of the biotechnology company’s stock worth $136,000 after acquiring an additional 1,098 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Heron Therapeutics by 2,619.6% during the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock worth $172,000 after acquiring an additional 12,024 shares during the period. Trexquant Investment LP bought a new stake in shares of Heron Therapeutics during the third quarter worth approximately $206,000. Jane Street Group LLC bought a new stake in shares of Heron Therapeutics during the third quarter worth approximately $223,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Heron Therapeutics by 11.4% during the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock worth $231,000 after acquiring an additional 1,700 shares during the period.

Shares of Heron Therapeutics (HRTX) opened at $15.45 on Friday. Heron Therapeutics has a 1-year low of $12.21 and a 1-year high of $18.40. The company has a current ratio of 2.12, a quick ratio of 2.02 and a debt-to-equity ratio of 0.62.

Heron Therapeutics (NASDAQ:HRTX) last issued its quarterly earnings data on Monday, November 6th. The biotechnology company reported ($0.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.10. Heron Therapeutics had a negative return on equity of 385.11% and a negative net margin of 831.89%. The company had revenue of $8.57 million during the quarter, compared to analysts’ expectations of $8.12 million. sell-side analysts anticipate that Heron Therapeutics will post -3.42 earnings per share for the current fiscal year.

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About Heron Therapeutics

Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.

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