Heron Therapeutics Inc (NASDAQ:HRTX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.58 and last traded at $17.65, with a volume of 973000 shares traded. The stock had previously closed at $17.65.
Several brokerages have recently issued reports on HRTX. BidaskClub raised Heron Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday. Oppenheimer set a $27.00 target price on Heron Therapeutics and gave the stock a “buy” rating in a report on Thursday, December 14th. Mizuho initiated coverage on Heron Therapeutics in a report on Tuesday, September 26th. They issued a “buy” rating and a $28.00 target price on the stock. Northland Securities initiated coverage on Heron Therapeutics in a research note on Wednesday, September 27th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Noble Financial reissued a “buy” rating and set a $24.00 price objective on shares of Heron Therapeutics in a research note on Friday, October 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Heron Therapeutics has an average rating of “Buy” and an average price target of $28.73.
The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,132.76, a P/E ratio of -4.84 and a beta of 2.13.
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its stake in shares of Heron Therapeutics by 26.6% during the second quarter. Legal & General Group Plc now owns 11,354 shares of the biotechnology company’s stock valued at $157,000 after buying an additional 2,383 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Heron Therapeutics by 2,619.6% during the second quarter. Quantbot Technologies LP now owns 12,483 shares of the biotechnology company’s stock valued at $172,000 after buying an additional 12,024 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Heron Therapeutics during the third quarter valued at approximately $206,000. Jane Street Group LLC bought a new position in shares of Heron Therapeutics during the third quarter valued at approximately $223,000. Finally, HighTower Advisors LLC grew its stake in shares of Heron Therapeutics by 11.4% during the second quarter. HighTower Advisors LLC now owns 16,584 shares of the biotechnology company’s stock valued at $231,000 after buying an additional 1,700 shares during the last quarter. 98.78% of the stock is currently owned by institutional investors.
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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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