HC Wainwright reaffirmed their buy rating on shares of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) in a research report sent to investors on Friday, October 27th. HC Wainwright currently has a $5.00 target price on the specialty pharmaceutical company’s stock.
A number of other analysts have also issued reports on ACRX. Zacks Investment Research lowered shares of AcelRx Pharmaceuticals from a hold rating to a sell rating in a research report on Tuesday, July 11th. Jefferies Group LLC restated a buy rating and set a $7.00 target price on shares of AcelRx Pharmaceuticals in a research report on Friday, July 14th. ValuEngine upgraded shares of AcelRx Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, July 24th. Piper Jaffray Companies set a $3.00 price target on shares of AcelRx Pharmaceuticals and gave the company a hold rating in a report on Tuesday, July 25th. Finally, Cowen and Company reiterated a hold rating on shares of AcelRx Pharmaceuticals in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. AcelRx Pharmaceuticals presently has a consensus rating of Hold and a consensus target price of $6.83.
Shares of AcelRx Pharmaceuticals (ACRX) traded up $0.02 during midday trading on Friday, reaching $1.97. 949,900 shares of the company were exchanged, compared to its average volume of 1,004,363. AcelRx Pharmaceuticals has a 1 year low of $1.55 and a 1 year high of $5.75. The company has a current ratio of 4.92, a quick ratio of 4.81 and a debt-to-equity ratio of -0.47.
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In other AcelRx Pharmaceuticals news, CEO Vincent J. Angotti bought 15,000 shares of AcelRx Pharmaceuticals stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $3.00 per share, for a total transaction of $45,000.00. Following the acquisition, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $45,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Pamela P. Palmer bought 10,000 shares of AcelRx Pharmaceuticals stock in a transaction that occurred on Tuesday, August 22nd. The shares were acquired at an average price of $2.95 per share, for a total transaction of $29,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 37,000 shares of company stock worth $112,280. 28.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of ACRX. Goldman Sachs Group Inc. acquired a new position in shares of AcelRx Pharmaceuticals during the 2nd quarter valued at $530,000. LMR Partners LLP purchased a new stake in AcelRx Pharmaceuticals during the 2nd quarter worth $319,000. Virtu KCG Holdings LLC increased its stake in AcelRx Pharmaceuticals by 600.9% during the 2nd quarter. Virtu KCG Holdings LLC now owns 118,675 shares of the specialty pharmaceutical company’s stock worth $255,000 after buying an additional 101,742 shares during the period. WealthTrust Axiom LLC increased its stake in AcelRx Pharmaceuticals by 50.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 210,000 shares of the specialty pharmaceutical company’s stock worth $451,000 after buying an additional 70,000 shares during the period. Finally, Perennial Advisors LLC purchased a new stake in AcelRx Pharmaceuticals during the 3rd quarter worth $138,000. Institutional investors and hedge funds own 23.52% of the company’s stock.
AcelRx Pharmaceuticals Company Profile
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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