Shares of AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.00.
Several equities research analysts have recently commented on the stock. ValuEngine downgraded shares of AcelRx Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 12th. Jefferies Group downgraded shares of AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Royal Bank Of Canada decreased their target price on shares of AcelRx Pharmaceuticals from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Roth Capital set a $8.00 target price on shares of AcelRx Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, October 12th. Finally, HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of AcelRx Pharmaceuticals in a research report on Friday, October 27th.
AcelRx Pharmaceuticals (NASDAQ:ACRX) traded down $0.10 during trading hours on Thursday, hitting $2.15. 238,035 shares of the stock traded hands, compared to its average volume of 980,700. The company has a quick ratio of 4.71, a current ratio of 4.78 and a debt-to-equity ratio of -0.43. AcelRx Pharmaceuticals has a one year low of $1.55 and a one year high of $5.75.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perennial Advisors LLC purchased a new position in AcelRx Pharmaceuticals in the third quarter valued at about $138,000. Virtu KCG Holdings LLC boosted its stake in AcelRx Pharmaceuticals by 600.9% in the second 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 last quarter. LMR Partners LLP purchased a new position in AcelRx Pharmaceuticals in the second quarter valued at about $319,000. Geller Family Office Services LLC purchased a new position in AcelRx Pharmaceuticals in the third quarter valued at about $460,000. Finally, Goldman Sachs Group Inc. purchased a new position in AcelRx Pharmaceuticals in the second quarter valued at about $530,000. Hedge funds and other institutional investors own 13.94% of the company’s stock.
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AcelRx Pharmaceuticals Company Profile
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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