FY2017 EPS Estimates for AcelRx Pharmaceuticals, Inc. Boosted by Analyst (ACRX)
AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) – Stock analysts at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for AcelRx Pharmaceuticals in a research report issued on Tuesday. Jefferies Group analyst M. Andrews now expects that the specialty pharmaceutical company will post earnings of ($1.00) per share for the year, up from their previous estimate of ($1.02). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for AcelRx Pharmaceuticals’ Q4 2017 earnings at ($0.21) EPS, FY2018 earnings at ($1.13) EPS, FY2019 earnings at ($0.85) EPS, FY2020 earnings at ($1.14) EPS and FY2021 earnings at ($0.93) EPS.
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ACRX has been the topic of a number of other reports. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of AcelRx Pharmaceuticals in a report on Tuesday, October 3rd. Roth Capital set a $13.00 price target on AcelRx Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $6.00 price target on AcelRx Pharmaceuticals and gave the company a “buy” rating in a report on Friday, August 25th. Stifel Nicolaus raised AcelRx Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research raised AcelRx Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $6.83.
Shares of AcelRx Pharmaceuticals (NASDAQ:ACRX) opened at $1.90 on Thursday. AcelRx Pharmaceuticals has a 12 month low of $1.55 and a 12 month high of $5.75. The company has a debt-to-equity ratio of -0.43, a quick ratio of 4.71 and a current ratio of 4.78.
In other news, insider Pamela P. Palmer bought 10,000 shares of the stock in a transaction on Tuesday, August 22nd. The shares were bought at an average price of $2.95 per share, with a total value of $29,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence G. Hamel sold 10,161 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.29, for a total value of $53,751.69. Following the completion of the transaction, the insider now directly owns 16,379 shares in the company, valued at approximately $86,644.91. The disclosure for this sale can be found here. In the last three months, insiders acquired 72,000 shares of company stock worth $178,980. 28.10% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Perennial Advisors LLC bought a new position in AcelRx Pharmaceuticals in the third quarter valued at about $138,000. Virtu KCG Holdings LLC lifted its holdings in AcelRx Pharmaceuticals by 600.9% in the second quarter. Virtu KCG Holdings LLC now owns 118,675 shares of the specialty pharmaceutical company’s stock valued at $255,000 after acquiring an additional 101,742 shares during the period. LMR Partners LLP bought a new position in AcelRx Pharmaceuticals in the second quarter valued at about $319,000. Bank of New York Mellon Corp lifted its holdings in AcelRx Pharmaceuticals by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 112,682 shares of the specialty pharmaceutical company’s stock valued at $355,000 after acquiring an additional 6,942 shares during the period. Finally, WealthTrust Axiom LLC lifted its holdings in AcelRx Pharmaceuticals by 50.0% in the second quarter. WealthTrust Axiom LLC now owns 210,000 shares of the specialty pharmaceutical company’s stock valued at $451,000 after acquiring an additional 70,000 shares during the period. 23.09% of the stock is currently owned by institutional investors.
AcelRx Pharmaceuticals Company Profile
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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