Heron Therapeutics’ (HRTX) “Buy” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their buy rating on shares of Heron Therapeutics, Inc. (NASDAQ:HRTX) in a report published on Thursday morning. The firm currently has a $31.00 target price on the biotechnology company’s stock.

Several other research analysts have also recently issued reports on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Heron Therapeutics in a report on Monday, October 30th. They set a buy rating and a $27.00 target price on the stock. Noble Financial reiterated a buy rating and set a $24.00 target price on shares of Heron Therapeutics in a report on Friday, October 6th. Northland Securities assumed coverage on shares of Heron Therapeutics in a report on Wednesday, September 27th. They set an outperform rating and a $40.00 target price on the stock. Mizuho assumed coverage on shares of Heron Therapeutics in a report on Tuesday, September 26th. They set a buy rating and a $28.00 target price on the stock. Finally, BidaskClub upgraded shares of Heron Therapeutics from a sell rating to a hold rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. Heron Therapeutics presently has an average rating of Buy and a consensus price target of $28.36.

Heron Therapeutics (NASDAQ HRTX) traded up $0.55 during midday trading on Thursday, hitting $16.05. 806,710 shares of the stock were exchanged, compared to its average volume of 636,486. The company has a current ratio of 2.82, a quick ratio of 2.72 and a debt-to-equity ratio of 0.36. 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. equities research analysts anticipate that Heron Therapeutics will post -3.49 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in HRTX. Janus Henderson Group PLC purchased a new stake in shares of Heron Therapeutics during the second quarter valued at about $78,134,000. Vanguard Group Inc. lifted its position in shares of Heron Therapeutics by 40.2% during the first quarter. Vanguard Group Inc. now owns 1,875,103 shares of the biotechnology company’s stock valued at $28,127,000 after buying an additional 537,563 shares during the last quarter. State Street Corp lifted its position in shares of Heron Therapeutics by 30.7% during the first quarter. State Street Corp now owns 1,787,678 shares of the biotechnology company’s stock valued at $26,822,000 after buying an additional 420,113 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Heron Therapeutics during the first quarter valued at about $2,002,000. Finally, Credit Suisse AG lifted its position in shares of Heron Therapeutics by 329.8% during the first quarter. Credit Suisse AG now owns 144,061 shares of the biotechnology company’s stock valued at $2,161,000 after buying an additional 110,539 shares during 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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