Mark G. Edwards Purchases 30,000 Shares of AcelRx Pharmaceuticals, Inc. (ACRX) Stock
AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) Director Mark G. Edwards bought 30,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $1.90 per share, for a total transaction of $57,000.00. Following the transaction, the director now owns 150,000 shares in the company, valued at approximately $285,000. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
AcelRx Pharmaceuticals, Inc. (NASDAQ ACRX) traded up $0.03 on Friday, reaching $2.08. The company had a trading volume of 687,124 shares, compared to its average volume of 1,004,681. AcelRx Pharmaceuticals, Inc. has a one year low of $1.55 and a one year high of $5.75. The company has a debt-to-equity ratio of -0.43, a current ratio of 4.78 and a quick ratio of 4.71.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in AcelRx Pharmaceuticals by 6.6% during the 1st 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. Perennial Advisors LLC purchased a new position in AcelRx Pharmaceuticals during the 3rd quarter valued at $138,000. WealthTrust Axiom LLC boosted its holdings in AcelRx Pharmaceuticals by 50.0% during the 2nd 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. Geller Family Office Services LLC purchased a new position in AcelRx Pharmaceuticals during the 3rd quarter valued at $460,000. Finally, Virtu KCG Holdings LLC boosted its holdings in AcelRx Pharmaceuticals by 600.9% during the 2nd 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. Institutional investors own 23.09% of the company’s stock.
Several equities analysts have recently weighed in on the company. Cowen and Company reissued a “hold” rating on shares of AcelRx Pharmaceuticals in a research report on Tuesday, August 1st. ValuEngine raised AcelRx Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 26th. Zacks Investment Research raised AcelRx Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC downgraded AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Roth Capital reissued a “buy” rating and set a $12.50 target price on shares of AcelRx Pharmaceuticals in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.83.
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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