Heron Therapeutics, Inc. (HRTX) Stock Rating Upgraded by BidaskClub
Heron Therapeutics, Inc. (NASDAQ:HRTX) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
HRTX has been the topic of a number of other reports. Noble Financial restated a “buy” rating on shares of Heron Therapeutics in a research note on Friday, May 12th. Zacks Investment Research lowered shares of Heron Therapeutics from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Cowen and Company set a $40.00 price objective on shares of Heron Therapeutics and gave the company a “buy” rating in a report on Thursday, August 3rd. Aegis reiterated a “buy” rating and issued a $33.00 price objective on shares of Heron Therapeutics in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $26.00 price objective on shares of Heron Therapeutics in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Heron Therapeutics presently has a consensus rating of “Buy” and a consensus target price of $31.00.
Heron Therapeutics (NASDAQ HRTX) opened at 16.40 on Friday. Heron Therapeutics has a 12-month low of $12.21 and a 12-month high of $20.85. The stock has a 50 day moving average of $15.77 and a 200 day moving average of $14.76.
Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.10. The company had revenue of $8.51 million during the quarter, compared to analyst estimates of $4.53 million. On average, analysts expect that Heron Therapeutics will post ($3.51) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised its position in shares of Heron Therapeutics by 13.9% in the first quarter. Legal & General Group Plc now owns 8,971 shares of the biotechnology company’s stock worth $136,000 after buying an additional 1,098 shares during the period. Venturi Wealth Management LLC purchased a new position in Heron Therapeutics during the first quarter valued at about $161,000. Quantbot Technologies LP raised its position in Heron Therapeutics by 2,619.6% in the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock valued at $172,000 after buying an additional 12,024 shares during the last quarter. Old West Investment Management LLC purchased a new position in Heron Therapeutics during the first quarter valued at about $206,000. Finally, HighTower Advisors LLC raised its position in Heron Therapeutics by 11.4% in the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock valued at $231,000 after buying an additional 1,700 shares during the last quarter.
Heron Therapeutics Company Profile
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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