Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) SVP James B. Jones sold 850 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $41.11, for a total value of $34,943.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Pacira Pharmaceuticals, Inc. (NASDAQ PCRX) traded up $1.95 during trading hours on Monday, hitting $42.20. The company had a trading volume of 1,246,428 shares, compared to its average volume of 845,585. The company has a current ratio of 6.99, a quick ratio of 6.24 and a debt-to-equity ratio of 1.03. Pacira Pharmaceuticals, Inc. has a 12 month low of $29.81 and a 12 month high of $58.95.
Pacira Pharmaceuticals (NASDAQ:PCRX) last posted its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.15. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $68.99 million. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. equities research analysts anticipate that Pacira Pharmaceuticals, Inc. will post -0.87 EPS for the current year.
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A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in Pacira Pharmaceuticals by 7.5% during 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 period. Granahan Investment Management Inc. MA raised its position in Pacira Pharmaceuticals by 19.6% during 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 period. Highbridge Capital Management LLC raised its position in Pacira Pharmaceuticals by 4.4% during 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 period. Cornerstone Capital Management Holdings LLC. purchased a new stake in Pacira Pharmaceuticals during the third quarter valued at approximately $2,267,000. Finally, Oppenheimer Asset Management Inc. raised its position in Pacira Pharmaceuticals by 207.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,375 shares of the company’s stock valued at $277,000 after purchasing an additional 4,976 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.
Several analysts have issued reports on the company. Wedbush reissued an “outperform” rating and set a $87.00 price target (up previously from $80.00) on shares of Pacira Pharmaceuticals in a report on Monday. Janney Montgomery Scott set a $27.00 price target on Pacira Pharmaceuticals and gave the company a “sell” rating in a report on Thursday. Canaccord Genuity boosted their price target on Pacira Pharmaceuticals from $33.00 to $38.00 and gave the company a “hold” rating in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Pacira Pharmaceuticals in a report on Thursday, November 9th. Finally, HC Wainwright restated a “buy” rating and issued a $52.00 price objective on shares of Pacira Pharmaceuticals in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Pacira Pharmaceuticals currently has a consensus rating of “Hold” and an average target price of $49.71.
About Pacira Pharmaceuticals
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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