Pain Therapeutics (PTIE) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Pain Therapeutics (NASDAQ:PTIE) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $4.25 price target on the biopharmaceutical company’s stock.

According to Zacks, “Pain Therapeutics is developing a new generation of opioid painkillers. Opioids are drugs derived from the poppy plant. The company uses technology to reformulate opioid drugs, such as morphine, into new painkillers with improved clinical benefits. The company has four opioid painkillers in Phase II clinical trials. The company believes its drugs offer enhanced pain relief, fewer adverse side effects and reduced tolerance and addiction compared to existing opioid painkillers. “

Separately, Gabelli cut Pain Therapeutics from a hold rating to a sell rating in a research report on Monday, July 17th.

Pain Therapeutics (PTIE) traded up $0.05 on Tuesday, hitting $3.47. 89,039 shares of the stock were exchanged, compared to its average volume of 1,122,593.

Pain Therapeutics (NASDAQ:PTIE) last issued its quarterly earnings results on Wednesday, November 1st. The biopharmaceutical company reported ($0.40) earnings per share (EPS) for the quarter. equities research analysts forecast that Pain Therapeutics will post -2.2 EPS for the current year.

WARNING: “Pain Therapeutics (PTIE) Lifted to Buy at Zacks Investment Research” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at

An institutional investor recently raised its position in Pain Therapeutics stock. Bank of New York Mellon Corp grew its holdings in shares of Pain Therapeutics (NASDAQ:PTIE) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,792 shares of the biopharmaceutical company’s stock after purchasing an additional 16,864 shares during the period. Bank of New York Mellon Corp owned approximately 0.38% of Pain Therapeutics worth $154,000 at the end of the most recent reporting period. 36.66% of the stock is currently owned by hedge funds and other institutional investors.

Pain Therapeutics Company Profile

Pain Therapeutics, Inc is a biopharmaceutical company. The Company is focused on drug development efforts on disorders of the nervous system, such as chronic pain. The Company’s lead drug candidate, REMOXY, is an abuse-deterrent, oral formulation of oxycodone (CII). The Company’s other products is FENROCK.

Get a free copy of the Zacks research report on Pain Therapeutics (PTIE)

For more information about research offerings from Zacks Investment Research, visit

What are top analysts saying about Pain Therapeutics? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pain Therapeutics and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit