Heron Therapeutics (NASDAQ:HRTX)‘s stock had its “buy” rating reaffirmed by investment analysts at Mizuho in a report issued on Tuesday. They presently have a $28.00 price target on the biotechnology company’s stock. Mizuho’s target price suggests a potential upside of 29.63% from the company’s current price.
HRTX has been the topic of a number of other reports. Oppenheimer initiated coverage on Heron Therapeutics in a research report on Monday, October 30th. They issued a “buy” rating and a $27.00 price target on the stock. Noble Financial reissued a “buy” rating on shares of Heron Therapeutics in a research report on Sunday, November 12th. Cantor Fitzgerald set a $31.00 price target on Heron Therapeutics and gave the stock a “buy” rating in a research report on Friday, October 20th. ValuEngine raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Cowen reissued a “buy” rating and issued a $40.00 price target on shares of Heron Therapeutics in a research report on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.82.
Heron Therapeutics (NASDAQ HRTX) traded up $0.20 during trading on Tuesday, reaching $21.60. The company’s stock had a trading volume of 695,422 shares, compared to its average volume of 1,079,933. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.02 and a current ratio of 2.12. The company has a market cap of $1,382.44, a PE ratio of -5.70 and a beta of 2.13. Heron Therapeutics has a fifty-two week low of $12.25 and a fifty-two week high of $22.00.
Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings data on Monday, November 6th. The biotechnology company reported ($0.77) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.87) by $0.10. The business had revenue of $8.57 million for the quarter, compared to analysts’ expectations of $8.12 million. Heron Therapeutics had a negative return on equity of 385.11% and a negative net margin of 831.89%. equities analysts forecast that Heron Therapeutics will post -3.38 EPS for the current year.
In other news, VP Kimberly Manhard sold 7,584 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $20.00, for a total value of $151,680.00. Following the sale, the vice president now directly owns 7,584 shares of the company’s stock, valued at approximately $151,680. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 19.93% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC purchased a new position in Heron Therapeutics in the 2nd quarter worth approximately $78,134,000. Virtu KCG Holdings LLC raised its holdings in Heron Therapeutics by 62.5% in the 2nd quarter. Virtu KCG Holdings LLC now owns 25,053 shares of the biotechnology company’s stock worth $347,000 after acquiring an additional 9,637 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Heron Therapeutics by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 204,857 shares of the biotechnology company’s stock worth $2,837,000 after acquiring an additional 14,086 shares during the last quarter. C WorldWide Group Holding A S purchased a new position in Heron Therapeutics in the 3rd quarter worth approximately $1,615,000. Finally, Alyeska Investment Group L.P. raised its holdings in Heron Therapeutics by 9.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 754,657 shares of the biotechnology company’s stock worth $12,188,000 after acquiring an additional 65,260 shares during the last quarter. Institutional investors own 98.21% of the company’s stock.
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About Heron Therapeutics
Heron Therapeutics, Inc is a biotechnology company engaged in developing pharmaceutical products for patients suffering from cancer or pain. The Company’s product candidates include SUSTOL, HTX-019 and HTX-011. All of its product candidates utilize science and technology platforms, including its Biochronomer drug delivery technology.
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