Zacks Investment Research upgraded shares of Heron Therapeutics, Inc. (NASDAQ:HRTX) from a sell rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “Heron Therapeutics Inc. is a specialty pharmaceutical company. The company is developing products using its proprietary Biochronomer (TM) polymer-based drug delivery platform. Its product portfolio includes APF530, is being developed for the prevention of acute chemotherapy-induced nausea and vomiting. Heron Therapeutics Inc., formerly known as A.P. Pharma, Inc., is based in REDWOOD CITY CA. “
HRTX has been the topic of several other reports. Noble Financial reissued a buy rating and issued a $24.00 price objective on shares of Heron Therapeutics in a research report on Friday, October 6th. Cantor Fitzgerald reissued a buy rating on shares of Heron Therapeutics in a research report on Monday, September 25th. Oppenheimer Holdings, Inc. started coverage on shares of Heron Therapeutics in a research report on Monday, October 30th. They issued a buy rating and a $27.00 price objective on the stock. Cowen and Company reissued a buy rating and issued a $40.00 price objective on shares of Heron Therapeutics in a research report on Monday, November 6th. Finally, Mizuho reissued a buy rating and issued a $28.00 price objective on shares of Heron Therapeutics in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $28.36.
Heron Therapeutics (NASDAQ:HRTX) last issued 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 company had revenue of $8.57 million for the quarter, compared to analyst estimates of $8.12 million. Heron Therapeutics had a negative net margin of 831.89% and a negative return on equity of 385.11%. equities analysts expect that Heron Therapeutics will post -3.42 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Heron Therapeutics by 13.9% during the first quarter. Legal & General Group Plc now owns 8,971 shares of the biotechnology company’s stock worth $136,000 after acquiring an additional 1,098 shares during the period. Quantbot Technologies LP increased its position in Heron Therapeutics by 2,619.6% during the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock worth $172,000 after acquiring an additional 12,024 shares during the period. Trexquant Investment LP acquired a new stake in Heron Therapeutics during the third quarter worth about $206,000. HighTower Advisors LLC grew its stake in Heron Therapeutics by 11.4% during the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock worth $231,000 after buying an additional 1,700 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in Heron Therapeutics during the first quarter worth about $253,000.
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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