Heron Therapeutics, Inc. (NASDAQ:HRTX) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Heron Therapeutics, Inc. (NASDAQ:HRTX) in a research report released on Friday, July 14th. They currently have a $26.00 price target on the biotechnology company’s stock.

A number of other research firms also recently weighed in on HRTX. Aegis reissued a buy rating on shares of Heron Therapeutics in a research report on Tuesday, March 21st. Cantor Fitzgerald reaffirmed an overweight rating on shares of Heron Therapeutics in a research report on Monday, June 26th. Zacks Investment Research raised shares of Heron Therapeutics from a hold rating to a buy rating and set a $14.00 price objective for the company in a research report on Wednesday, July 12th. Cowen and Company reaffirmed a buy rating and set a $40.00 price objective on shares of Heron Therapeutics in a research report on Friday, May 26th. Finally, ValuEngine raised shares of Heron Therapeutics from a strong sell rating to a sell rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Heron Therapeutics currently has an average rating of Buy and an average price target of $31.00.

Shares of Heron Therapeutics (NASDAQ:HRTX) opened at 16.00 on Friday. The company’s 50-day moving average is $15.38 and its 200-day moving average is $14.57. Heron Therapeutics has a 12 month low of $12.21 and a 12 month high of $22.01.

Heron Therapeutics (NASDAQ:HRTX) last released its earnings results on Wednesday, August 9th. The biotechnology company reported ($0.80) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.90) by $0.10. The firm had revenue of $8.51 million for the quarter, compared to analyst estimates of $4.53 million. Equities analysts predict that Heron Therapeutics will post ($3.74) EPS for the current year.

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Several large investors have recently added to or reduced their stakes in HRTX. Swiss National Bank boosted 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 worth $1,089,000 after buying an additional 20,700 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 during the period. Falcon Point Capital LLC purchased a new stake in shares of Heron Therapeutics during the first quarter valued at $501,000. Searle & CO. purchased a new stake in shares of Heron Therapeutics during the first quarter valued at $353,000. Finally, Wells Fargo & Company MN raised its stake in shares of Heron Therapeutics by 78.8% in the first quarter. Wells Fargo & Company MN now owns 39,579 shares of the biotechnology company’s stock valued at $595,000 after buying an additional 17,442 shares during the period.

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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