ValuEngine upgraded shares of Pacira Pharmaceuticals (NASDAQ:PCRX) from a sell rating to a hold rating in a report published on Wednesday.
PCRX has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Pacira Pharmaceuticals from a buy rating to a hold rating in a report on Monday, October 9th. Canaccord Genuity reiterated a buy rating and issued a $44.00 price target (down previously from $48.00) on shares of Pacira Pharmaceuticals in a report on Sunday, October 1st. Wedbush reiterated an outperform rating and issued a $87.00 price target on shares of Pacira Pharmaceuticals in a report on Wednesday, October 25th. Needham & Company LLC reiterated a buy rating on shares of Pacira Pharmaceuticals in a report on Tuesday, September 26th. Finally, BidaskClub lowered shares of Pacira Pharmaceuticals from a buy rating to a hold rating in a report on Saturday, January 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $49.00.
Shares of Pacira Pharmaceuticals (PCRX) traded down $0.73 on Wednesday, hitting $41.50. 1,031,870 shares of the company’s stock were exchanged, compared to its average volume of 712,847. The firm has a market cap of $1,683.66, a price-to-earnings ratio of -31.68 and a beta of 2.20. Pacira Pharmaceuticals has a 52 week low of $29.81 and a 52 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.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.15. The company had revenue of $67.30 million for the quarter, compared to analyst estimates of $68.99 million. Pacira Pharmaceuticals had a negative net margin of 18.25% and a negative return on equity of 13.77%. Pacira Pharmaceuticals’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. equities research analysts anticipate that Pacira Pharmaceuticals will post -0.85 EPS for the current year.
In other news, CAO Kristen Marie Williams sold 10,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the transaction, the chief accounting officer now owns 23,455 shares of the company’s stock, valued at approximately $938,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Stack sold 58,885 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $38.34, for a total transaction of $2,257,650.90. Following the completion of the transaction, the chief executive officer now directly owns 159,164 shares in the company, valued at approximately $6,102,347.76. The disclosure for this sale can be found here. In the last three months, insiders sold 98,960 shares of company stock worth $3,868,341. Insiders own 6.60% of the company’s stock.
Several hedge funds have recently modified their holdings of PCRX. Schwab Charles Investment Management Inc. increased its stake in Pacira Pharmaceuticals by 8.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 178,700 shares of the company’s stock worth $8,524,000 after buying an additional 13,973 shares during the period. Rhumbline Advisers increased its stake in Pacira Pharmaceuticals by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 49,203 shares of the company’s stock worth $2,347,000 after buying an additional 1,672 shares during the period. SG Americas Securities LLC increased its stake in Pacira Pharmaceuticals by 135.6% during the 2nd quarter. SG Americas Securities LLC now owns 6,395 shares of the company’s stock worth $305,000 after buying an additional 3,681 shares during the period. Bank of New York Mellon Corp increased its stake in Pacira Pharmaceuticals by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 218,087 shares of the company’s stock worth $10,403,000 after buying an additional 11,652 shares during the period. Finally, Legal & General Group Plc increased its stake in Pacira Pharmaceuticals by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 12,985 shares of the company’s stock worth $620,000 after buying an additional 653 shares during the period.
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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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