Brokers Offer Predictions for AcelRx Pharmaceuticals Inc’s FY2022 Earnings (ACRX)
AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) – Investment analysts at Jefferies Group issued their FY2022 earnings per share estimates for shares of AcelRx Pharmaceuticals in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Andrews forecasts that the specialty pharmaceutical company will post earnings of ($0.25) per share for the year.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. HC Wainwright restated a “buy” rating and set a $5.00 price objective on shares of AcelRx Pharmaceuticals in a research report on Friday, October 27th. One research 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’s stock. AcelRx Pharmaceuticals has a consensus rating of “Hold” and an average target price of $6.21.
Institutional investors have recently made changes to their positions in the company. Perennial Advisors LLC acquired a new position in shares of AcelRx Pharmaceuticals in the 3rd quarter valued at $138,000. Virtu Financial LLC acquired a new position in shares of AcelRx Pharmaceuticals in the 4th quarter valued at $120,000. Geller Family Office Services LLC acquired a new position in shares of AcelRx Pharmaceuticals in the 3rd quarter valued at $460,000. Virtu KCG Holdings LLC increased its holdings in shares of AcelRx Pharmaceuticals by 600.9% in 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. Finally, Goldman Sachs Group Inc. acquired a new position in shares of AcelRx Pharmaceuticals in the 2nd quarter valued at $530,000. 13.61% of the stock is currently owned by institutional investors and hedge funds.
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About AcelRx Pharmaceuticals
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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