Recro Pharma, Inc. (NASDAQ:REPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Recro Pharma, Inc. is a clinical stage specialty pharmaceutical company. It develops non-opioid therapeutics for the treatment of pain in the post-operative setting. The company is developing intranasal formulation of Dexmedetomidine (Dex) for the treatment of post-operative pain and cancer breakthrough pain; sublingual formulation of Dex for the treatment of chronic pain; and Fadolmidine (Fado), a product candidate to treat post-operative pain and neuropathic pain. Recro Pharma, Inc. is based in Malvern, Pennsylvania. “
REPH has been the topic of several other reports. Roth Capital set a $20.00 price target on Recro Pharma and gave the stock a “buy” rating in a report on Monday, July 31st. Piper Jaffray Companies set a $11.00 price target on Recro Pharma and gave the stock a “buy” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $12.88.
A number of large investors have recently made changes to their positions in REPH. OxFORD Asset Management LLP grew its stake in Recro Pharma by 364.3% in the second quarter. OxFORD Asset Management LLP now owns 203,430 shares of the specialty pharmaceutical company’s stock worth $1,430,000 after purchasing an additional 159,619 shares in the last quarter. State Street Corp bought a new position in Recro Pharma in the second quarter worth approximately $1,047,000. Northern Trust Corp grew its stake in Recro Pharma by 428.5% in the second quarter. Northern Trust Corp now owns 178,437 shares of the specialty pharmaceutical company’s stock worth $1,254,000 after purchasing an additional 144,676 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Recro Pharma by 787.4% in the second quarter. Dimensional Fund Advisors LP now owns 129,560 shares of the specialty pharmaceutical company’s stock worth $911,000 after purchasing an additional 114,960 shares in the last quarter. Finally, JT Stratford LLC bought a new position in Recro Pharma in the second quarter worth approximately $704,000. 65.27% of the stock is currently owned by institutional investors.
About Recro Pharma
Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.
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