Zacks: Brokerages Expect AcelRx Pharmaceuticals Inc (ACRX) Will Post Earnings of -$0.22 Per Share

Brokerages expect AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) to report ($0.22) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AcelRx Pharmaceuticals’ earnings. The lowest EPS estimate is ($0.23) and the highest is ($0.20). AcelRx Pharmaceuticals reported earnings of ($0.21) per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 1st.

According to Zacks, analysts expect that AcelRx Pharmaceuticals will report full-year earnings of ($1.06) per share for the current financial year, with EPS estimates ranging from ($1.14) to ($0.98). For the next fiscal year, analysts anticipate that the firm will post earnings of ($1.06) per share, with EPS estimates ranging from ($1.07) to ($1.04). Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover AcelRx Pharmaceuticals.

ACRX has been the subject of a number of analyst reports. ValuEngine downgraded AcelRx Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Friday, September 15th. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of AcelRx Pharmaceuticals in a report on Tuesday, October 3rd. Roth Capital set a $8.00 price target on AcelRx Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, October 12th. Jefferies Group downgraded AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Royal Bank of Canada reduced their target price on AcelRx Pharmaceuticals from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. AcelRx Pharmaceuticals currently has a consensus rating of “Hold” and a consensus target price of $6.18.

In other AcelRx Pharmaceuticals news, Director Mark G. Edwards bought 30,000 shares of AcelRx Pharmaceuticals stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $1.90 per share, with a total value of $57,000.00. Following the purchase, the director now directly owns 150,000 shares in the company, valued at approximately $285,000. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 28.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Perennial Advisors LLC acquired a new position in shares of AcelRx Pharmaceuticals during the 3rd quarter worth approximately $138,000. Geller Family Office Services LLC acquired a new position in shares of AcelRx Pharmaceuticals during the 3rd quarter worth approximately $460,000. Virtu KCG Holdings LLC raised its stake in shares of 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. Finally, Goldman Sachs Group Inc. acquired a new position in shares of AcelRx Pharmaceuticals during the 2nd quarter worth approximately $530,000. 13.70% of the stock is owned by institutional investors and hedge funds.

Shares of AcelRx Pharmaceuticals (NASDAQ ACRX) traded up $0.07 during trading hours on Friday, reaching $2.20. The company’s stock had a trading volume of 263,034 shares, compared to its average volume of 539,215. AcelRx Pharmaceuticals has a one year low of $1.55 and a one year high of $5.75. The firm has a market capitalization of $110.74, a P/E ratio of -1.96 and a beta of 2.96. The company has a debt-to-equity ratio of -0.43, a current ratio of 4.78 and a quick ratio of 4.71.

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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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Earnings History and Estimates for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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