Pacira Pharmaceuticals Inc (NASDAQ:PCRX) has been given a consensus recommendation of “Hold” by the twenty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.93.
A number of brokerages have issued reports on PCRX. Mizuho downgraded shares of Pacira Pharmaceuticals from a “buy” rating to a “neutral” rating and reduced their price target for the company from $53.00 to $44.00 in a report on Wednesday, November 29th. HC Wainwright set a $55.00 price target on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, January 4th. Canaccord Genuity set a $46.00 price target on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $54.00 price target on shares of Pacira Pharmaceuticals and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Pacira Pharmaceuticals in a report on Thursday, January 4th.
In other Pacira Pharmaceuticals news, CEO David M. Stack sold 28,885 shares of Pacira Pharmaceuticals stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.19, for a total value of $1,160,888.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.60% of the company’s stock.
Large investors have recently modified their holdings of the business. Rice Hall James & Associates LLC grew its stake in shares of Pacira Pharmaceuticals by 18.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 323,769 shares of the company’s stock worth $14,780,000 after buying an additional 50,335 shares in the last quarter. Mesirow Financial Investment Management Equity Management grew its stake in shares of Pacira Pharmaceuticals by 5.1% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 410,561 shares of the company’s stock worth $18,742,000 after buying an additional 19,876 shares in the last quarter. Legacy Capital Partners Inc. grew its stake in shares of Pacira Pharmaceuticals by 6.5% in the 4th quarter. Legacy Capital Partners Inc. now owns 50,493 shares of the company’s stock worth $2,305,000 after buying an additional 3,100 shares in the last quarter. 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 worth $20,127,000 after buying an additional 354,728 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Pacira Pharmaceuticals by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 236,058 shares of the company’s stock worth $8,865,000 after buying an additional 17,971 shares in the last quarter.
Shares of Pacira Pharmaceuticals (PCRX) traded down $0.40 during mid-day trading on Friday, hitting $30.15. 831,976 shares of the stock traded hands, compared to its average volume of 1,021,022. The company has a market cap of $1,296.67, a P/E ratio of -27.66 and a beta of 1.95. Pacira Pharmaceuticals has a 12-month low of $29.35 and a 12-month high of $52.47. The company has a quick ratio of 6.22, a current ratio of 6.96 and a debt-to-equity ratio of 0.99.
Pacira Pharmaceuticals (NASDAQ:PCRX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.46. The firm had revenue of $79.08 million for the quarter, compared to the consensus estimate of $79.06 million. Pacira Pharmaceuticals had a negative net margin of 14.87% and a negative return on equity of 8.55%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. equities analysts expect that Pacira Pharmaceuticals will post -0.64 earnings per share for the current year.
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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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