AcelRx Pharmaceuticals Inc (ACRX) Receives $5.00 Average PT from Brokerages

Shares of AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) have received a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $5.00.

A number of analysts have issued reports on ACRX shares. ValuEngine raised AcelRx Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Jefferies Group lowered AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank of Canada cut their target price on AcelRx Pharmaceuticals from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Friday, October 13th. Piper Jaffray Companies reissued a “hold” rating and issued a $2.00 target price on shares of AcelRx Pharmaceuticals in a research report on Friday, October 13th. Finally, Roth Capital set a $8.00 target price on AcelRx Pharmaceuticals and gave the company a “buy” rating in a research report on Thursday, October 12th.

AcelRx Pharmaceuticals (NASDAQ ACRX) traded down $0.17 during mid-day trading on Thursday, hitting $1.96. 867,010 shares of the stock traded hands, compared to its average volume of 974,947. The company has a debt-to-equity ratio of -0.43, a quick ratio of 4.71 and a current ratio of 4.78. AcelRx Pharmaceuticals has a 1 year low of $1.55 and a 1 year high of $5.75.

In other AcelRx Pharmaceuticals news, insider Lawrence G. Hamel sold 10,161 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $5.29, for a total value of $53,751.69. Following the sale, the insider now owns 16,379 shares of the company’s stock, valued at $86,644.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark G. Edwards bought 30,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was purchased at an average cost of $1.90 per share, for a total transaction of $57,000.00. Following the transaction, the director now owns 150,000 shares of the company’s stock, valued at $285,000. The disclosure for this purchase can be found here. 28.10% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Perennial Advisors LLC acquired a new position in shares of AcelRx Pharmaceuticals in the third quarter worth $138,000. Geller Family Office Services LLC acquired a new position in shares of AcelRx Pharmaceuticals in the third quarter worth $460,000. Virtu KCG Holdings LLC grew its stake in shares of AcelRx Pharmaceuticals by 600.9% in the second quarter. Virtu KCG Holdings LLC now owns 118,675 shares of the specialty pharmaceutical company’s stock worth $255,000 after acquiring an additional 101,742 shares in the last quarter. LMR Partners LLP acquired a new position in shares of AcelRx Pharmaceuticals in the second quarter worth $319,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of AcelRx Pharmaceuticals in the second quarter worth $530,000. Institutional investors and hedge funds own 13.94% of the company’s stock.

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About AcelRx Pharmaceuticals

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.

Analyst Recommendations for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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