Equities research analysts at Seaport Global Securities assumed coverage on shares of Pacira Pharmaceuticals (NASDAQ:PCRX) in a research report issued on Friday. The firm set a “buy” rating on the stock.
A number of other equities analysts have also recently commented on PCRX. Mizuho restated a “buy” rating and set a $53.00 target price on shares of Pacira Pharmaceuticals in a report on Monday, September 25th. Needham & Company LLC restated a “buy” rating on shares of Pacira Pharmaceuticals in a report on Tuesday, September 26th. Goldman Sachs Group started coverage on Pacira Pharmaceuticals in a report on Thursday, September 28th. They set a “neutral” rating and a $41.00 target price for the company. Canaccord Genuity restated a “buy” rating and set a $44.00 target price (down from $48.00) on shares of Pacira Pharmaceuticals in a report on Sunday, October 1st. Finally, Zacks Investment Research raised Pacira Pharmaceuticals from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, October 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.00.
Pacira Pharmaceuticals (NASDAQ PCRX) opened at $39.10 on Friday. The firm has a market capitalization of $1,634.97, a price-to-earnings ratio of -29.85 and a beta of 2.20. 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 has a twelve month low of $29.81 and a twelve month high of $58.95.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative return on equity of 13.77% and a negative net margin of 18.25%. The company had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. During the same period last year, the business posted $0.20 EPS. Pacira Pharmaceuticals’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts predict that Pacira Pharmaceuticals will post -0.85 earnings per share for the current year.
In related news, CEO David M. Stack sold 28,885 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $40.19, for a total transaction of $1,160,888.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP James B. Jones sold 850 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $41.11, for a total value of $34,943.50. The disclosure for this sale can be found here. Insiders have sold a total of 98,960 shares of company stock worth $3,868,341 in the last 90 days. 6.60% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in PCRX. HealthCor Management L.P. grew its stake in Pacira Pharmaceuticals by 63.1% during the 2nd quarter. HealthCor Management L.P. now owns 1,793,799 shares of the company’s stock worth $85,564,000 after buying an additional 693,799 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Pacira Pharmaceuticals in the 3rd quarter valued at approximately $14,671,000. Stonepine Capital Management LLC purchased a new position in shares of Pacira Pharmaceuticals in the 3rd quarter valued at approximately $14,089,000. Epoch Investment Partners Inc. grew its stake in shares of Pacira Pharmaceuticals by 195.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 535,999 shares of the company’s stock valued at $20,127,000 after purchasing an additional 354,728 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Pacira Pharmaceuticals by 9.2% in the 2nd quarter. BlackRock Inc. now owns 3,478,281 shares of the company’s stock valued at $165,914,000 after purchasing an additional 294,494 shares during the last quarter.
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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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