Recro Pharma Inc. (NASDAQ:REPH)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Monday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Recro Pharma from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Wednesday, October 19th. Brean Capital started coverage on shares of Recro Pharma in a research report on Monday, October 3rd. They set a “buy” rating and a $21.00 price target for the company. Roth Capital started coverage on shares of Recro Pharma in a research report on Friday, September 16th. They set a “buy” rating and a $24.00 price target for the company. Janney Montgomery Scott started coverage on shares of Recro Pharma in a research report on Monday, August 29th. They set a “buy” rating and a $21.00 price target for the company. Finally, Aegis started coverage on shares of Recro Pharma in a research report on Monday. They set a “buy” rating and a $21.00 price target for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.29.

Analyst Recommendations for Recro Pharma (NASDAQ:REPH)

Recro Pharma (NASDAQ:REPH) opened at 7.85 on Monday. The stock’s 50 day moving average is $7.80 and its 200-day moving average is $8.22. Recro Pharma has a one year low of $5.59 and a one year high of $12.50. The firm’s market capitalization is $77.47 million.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp bought a new position in shares of Recro Pharma during the third quarter valued at approximately $128,000. Granite Point Capital Management L.P. bought a new position in shares of Recro Pharma during the third quarter valued at approximately $636,000. Wells Fargo & Company MN raised its position in shares of Recro Pharma by 56.0% in the third quarter. Wells Fargo & Company MN now owns 31,200 shares of the specialty pharmaceutical company’s stock valued at $276,000 after buying an additional 11,200 shares during the period. Acadian Asset Management LLC bought a new position in shares of Recro Pharma during the third quarter valued at approximately $140,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Recro Pharma by 30.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 49,947 shares of the specialty pharmaceutical company’s stock valued at $397,000 after buying an additional 11,682 shares during the period. Institutional investors and hedge funds own 36.63% of the company’s stock.

About Recro Pharma

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

5 Day Chart for NASDAQ:REPH

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