Equities researchers at Seaport Global Securities started coverage on shares of Pacira Pharmaceuticals (NASDAQ:PCRX) in a note issued to investors on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. Seaport Global Securities’ price target suggests a potential upside of 29.03% from the company’s current price.
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine raised Pacira Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Zacks Investment Research downgraded Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Wedbush reaffirmed a “buy” rating on shares of Pacira Pharmaceuticals in a research report on Friday, January 5th. Finally, HC Wainwright set a $55.00 price target on Pacira Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.06.
Shares of Pacira Pharmaceuticals (NASDAQ:PCRX) traded down $0.35 during trading hours on Friday, reaching $38.75. 1,014,062 shares of the company were exchanged, compared to its average volume of 628,938. The company has a market capitalization of $1,586.29, a P/E ratio of -29.58 and a beta of 2.20. Pacira Pharmaceuticals has a 52 week low of $29.81 and a 52 week high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.
In other Pacira Pharmaceuticals news, CEO David M. Stack sold 58,885 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $38.34, for a total value of $2,257,650.90. Following the sale, the chief executive officer now directly owns 159,164 shares of the company’s stock, valued at $6,102,347.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP James B. Jones sold 850 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $41.11, for a total transaction of $34,943.50. The disclosure for this sale can be found here. Insiders have sold 98,960 shares of company stock worth $3,868,341 over the last three months. Corporate insiders own 6.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Bouchey Financial Group Ltd purchased a new stake in Pacira Pharmaceuticals in the fourth quarter valued at $205,000. Public Employees Retirement System of Ohio boosted its holdings in Pacira Pharmaceuticals by 7.5% in the third quarter. Public Employees Retirement System of Ohio now owns 40,174 shares of the company’s stock valued at $1,509,000 after purchasing an additional 2,808 shares during the last quarter. Granahan Investment Management Inc. MA boosted its holdings in Pacira Pharmaceuticals by 19.6% in the third quarter. Granahan Investment Management Inc. MA now owns 168,464 shares of the company’s stock valued at $6,326,000 after purchasing an additional 27,609 shares during the last quarter. Highbridge Capital Management LLC boosted its holdings in Pacira Pharmaceuticals by 4.4% in the third quarter. Highbridge Capital Management LLC now owns 202,700 shares of the company’s stock valued at $7,611,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Pacira Pharmaceuticals in the third quarter valued at $2,267,000.
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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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