Pacira Pharmaceuticals (NASDAQ:PCRX) is scheduled to announce its earnings results before the market opens on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
Shares of Pacira Pharmaceuticals (NASDAQ:PCRX) opened at $30.15 on Tuesday. The firm has a market capitalization of $1,220.00, a price-to-earnings ratio of -23.02 and a beta of 1.88. Pacira Pharmaceuticals has a 12 month low of $29.35 and a 12 month high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.
Several equities research analysts recently weighed in on PCRX shares. HC Wainwright reaffirmed a “buy” rating and issued a $52.00 price target on shares of Pacira Pharmaceuticals in a research note on Thursday, November 9th. Jefferies Group reduced their price target on Pacira Pharmaceuticals to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $55.00 price target on shares of Pacira Pharmaceuticals in a research note on Friday, October 27th. Wedbush reissued a “buy” rating and issued a $80.00 target price on shares of Pacira Pharmaceuticals in a report on Monday, November 20th. Finally, BidaskClub raised Pacira Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Pacira Pharmaceuticals has an average rating of “Hold” and a consensus price target of $46.53.
In other news, CEO David M. Stack sold 28,885 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.60% of the company’s stock.
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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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