Pacira Pharmaceuticals (PCRX) Given a $55.00 Price Target at HC Wainwright
PCRX has been the topic of a number of other research reports. Zacks Investment Research lowered Pacira Pharmaceuticals from a buy rating to a hold rating in a report on Monday, October 9th. Canaccord Genuity reiterated a buy rating and set a $44.00 price target (down from $48.00) on shares of Pacira Pharmaceuticals in a report on Sunday, October 1st. CIBC assumed coverage on Pacira Pharmaceuticals in a report on Thursday, September 7th. They set a market perform rating on the stock. Wedbush reiterated an outperform rating and set a $87.00 price target on shares of Pacira Pharmaceuticals in a report on Wednesday, October 25th. Finally, Needham & Company LLC reiterated a buy rating on shares of Pacira Pharmaceuticals in a report on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. Pacira Pharmaceuticals presently has an average rating of Hold and a consensus target price of $49.06.
Pacira Pharmaceuticals (NASDAQ:PCRX) opened at $38.05 on Thursday. Pacira Pharmaceuticals has a fifty-two week low of $29.81 and a fifty-two week high of $58.95. The company has a debt-to-equity ratio of 1.03, a quick ratio of 6.24 and a current ratio of 6.99.
In other Pacira Pharmaceuticals news, Director Mark A. Kronenfeld bought 1,000 shares of Pacira Pharmaceuticals stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $41.60 per share, for a total transaction of $41,600.00. Following the completion of the transaction, the director now directly owns 6,795 shares in the company, valued at $282,672. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Stack sold 58,885 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $38.34, for a total value of $2,257,650.90. Following the transaction, the chief executive officer now owns 159,164 shares of the company’s stock, valued at $6,102,347.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,960 shares of company stock valued at $3,868,341. 6.60% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Pacira Pharmaceuticals by 9.2% during the second quarter. BlackRock Inc. now owns 3,478,281 shares of the company’s stock worth $165,914,000 after purchasing an additional 294,494 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Pacira Pharmaceuticals by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,072,074 shares of the company’s stock valued at $146,538,000 after acquiring an additional 211,982 shares during the last quarter. HealthCor Management L.P. lifted its stake in shares of Pacira Pharmaceuticals by 63.1% in the 2nd quarter. HealthCor Management L.P. now owns 1,793,799 shares of the company’s stock valued at $85,564,000 after acquiring an additional 693,799 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of Pacira Pharmaceuticals by 5.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,285,850 shares of the company’s stock valued at $48,284,000 after acquiring an additional 64,510 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Pacira Pharmaceuticals by 5.8% in the 3rd quarter. Macquarie Group Ltd. now owns 1,154,545 shares of the company’s stock valued at $43,353,000 after acquiring an additional 63,015 shares during the last quarter.
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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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