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.

Insider Buying and Selling by Quarter for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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