Brokerages Set Heron Therapeutics, Inc. (HRTX) Target Price at $31.63
Heron Therapeutics, Inc. (NASDAQ:HRTX) has received an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $31.63.
A number of research firms have recently commented on HRTX. BidaskClub raised Heron Therapeutics from a “sell” rating to a “hold” rating in a report on Saturday. Cantor Fitzgerald set a $31.00 price target on Heron Therapeutics and gave the stock a “buy” rating in a report on Friday, August 18th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Heron Therapeutics in a report on Wednesday, August 16th. Noble Financial reaffirmed a “buy” rating on shares of Heron Therapeutics in a report on Thursday, August 10th. Finally, Cowen and Company set a $40.00 price target on Heron Therapeutics and gave the stock a “buy” rating in a report on Thursday, August 3rd.
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Shares of Heron Therapeutics (NASDAQ HRTX) traded down 0.91% on Tuesday, hitting $16.40. The company had a trading volume of 331,598 shares. The firm has a 50-day moving average price of $15.77 and a 200 day moving average price of $14.76. Heron Therapeutics has a 12-month low of $12.21 and a 12-month high of $20.85.
Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.90) by $0.10. The company had revenue of $8.51 million during the quarter, compared to the consensus estimate of $4.53 million. Analysts forecast that Heron Therapeutics will post ($3.51) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of HRTX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Heron Therapeutics during the first quarter valued at about $1,035,000. Virginia Retirement Systems ET AL acquired a new stake in Heron Therapeutics during the first quarter valued at about $459,000. Parametric Portfolio Associates LLC raised its stake in Heron Therapeutics by 86.8% in the first quarter. Parametric Portfolio Associates LLC now owns 33,139 shares of the biotechnology company’s stock valued at $497,000 after buying an additional 15,394 shares in the last quarter. Swiss National Bank raised its stake in Heron Therapeutics by 39.9% in the first quarter. Swiss National Bank now owns 72,600 shares of the biotechnology company’s stock valued at $1,089,000 after buying an additional 20,700 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Heron Therapeutics by 27.1% in the first quarter. Bank of New York Mellon Corp now owns 190,771 shares of the biotechnology company’s stock valued at $2,861,000 after buying an additional 40,657 shares in 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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