BidaskClub Upgrades Heron Therapeutics (HRTX) to Buy

Heron Therapeutics (NASDAQ:HRTX) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on HRTX. Cantor Fitzgerald set a $31.00 price target on shares of Heron Therapeutics and gave the stock a “buy” rating in a research note on Thursday, October 26th. ValuEngine upgraded shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Northland Securities initiated coverage on shares of Heron Therapeutics in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $40.00 price target for the company. Mizuho reiterated a “buy” rating and issued a $28.00 price target on shares of Heron Therapeutics in a research note on Friday, December 8th. Finally, Noble Financial reiterated a “buy” rating and issued a $24.00 price target on shares of Heron Therapeutics in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $28.82.

Heron Therapeutics (NASDAQ HRTX) opened at $23.20 on Friday. Heron Therapeutics has a 12 month low of $12.25 and a 12 month high of $23.35. The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $1,479.34, a P/E ratio of -6.12 and a beta of 2.13.

Heron Therapeutics (NASDAQ:HRTX) last issued its quarterly earnings results 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 net margin of 831.89% and a negative return on equity of 385.11%. The company had revenue of $8.57 million during the quarter, compared to the consensus estimate of $8.12 million. sell-side analysts expect that Heron Therapeutics will post -3.38 EPS for the current year.

In other Heron Therapeutics news, VP Kimberly Manhard sold 7,584 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $20.00, for a total transaction of $151,680.00. Following the sale, the vice president now owns 7,584 shares of the company’s stock, valued at $151,680. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 19.93% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in HRTX. Janus Henderson Group PLC acquired a new stake in Heron Therapeutics during the second quarter worth approximately $78,134,000. Perceptive Advisors LLC acquired a new stake in Heron Therapeutics during the third quarter worth approximately $5,329,000. Vanguard Group Inc. raised its holdings in Heron Therapeutics by 11.8% during the second quarter. Vanguard Group Inc. now owns 2,096,465 shares of the biotechnology company’s stock worth $29,036,000 after purchasing an additional 221,362 shares in the last quarter. Rubric Capital Management LP raised its holdings in Heron Therapeutics by 11.8% during the third quarter. Rubric Capital Management LP now owns 1,900,000 shares of the biotechnology company’s stock worth $30,685,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new stake in Heron Therapeutics during the third quarter worth approximately $2,340,000. 98.21% of the stock is currently owned by institutional investors.

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Heron Therapeutics Company Profile

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.

Analyst Recommendations for Heron Therapeutics (NASDAQ:HRTX)

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