Analysts’ Recent Ratings Changes for Pacira Pharmaceuticals (PCRX)

Pacira Pharmaceuticals (NASDAQ: PCRX) has recently received a number of price target changes and ratings updates:

  • 7/26/2017 – Pacira Pharmaceuticals had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $54.00 price target on the stock.
  • 7/19/2017 – Pacira Pharmaceuticals had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $87.00 price target on the stock.
  • 7/14/2017 – Pacira Pharmaceuticals had its “hold” rating reaffirmed by analysts at Cowen and Company. They wrote, “Nerve block data for Exparel is anticipated within the next month, and our consultants.””
  • 7/5/2017 – Pacira Pharmaceuticals was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Pacira Pharmaceuticals was given a new $58.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 6/21/2017 – Pacira Pharmaceuticals had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $87.00 price target on the stock.
  • 6/20/2017 – Pacira Pharmaceuticals was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) traded down 2.23% during midday trading on Wednesday, reaching $41.70. The company’s stock had a trading volume of 751,158 shares. Pacira Pharmaceuticals, Inc. has a 52-week low of $29.95 and a 52-week high of $58.95. The firm has a 50-day moving average price of $46.95 and a 200 day moving average price of $45.52. The stock’s market capitalization is $1.67 billion.

Pacira Pharmaceuticals (NASDAQ:PCRX) last released its earnings results on Thursday, May 4th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Pacira Pharmaceuticals had a negative net margin of 19.26% and a negative return on equity of 7.71%. The firm had revenue of $69.30 million during the quarter, compared to analyst estimates of $70.30 million. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Equities research analysts predict that Pacira Pharmaceuticals, Inc. will post ($0.02) EPS for the current fiscal year.

In other news, CAO Kristen Marie Williams sold 21,041 shares of Pacira Pharmaceuticals stock in a transaction on Monday, May 15th. The shares were sold at an average price of $50.86, for a total transaction of $1,070,145.26. Following the transaction, the chief accounting officer now directly owns 18,775 shares of the company’s stock, valued at $954,896.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President James S. Scibetta sold 20,000 shares of Pacira Pharmaceuticals stock in a transaction on Monday, May 15th. The stock was sold at an average price of $51.20, for a total transaction of $1,024,000.00. Following the transaction, the president now directly owns 47,084 shares in the company, valued at $2,410,700.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,564 shares of company stock worth $2,506,682. Insiders own 6.60% of the company’s stock.

Pacira Pharmaceuticals, Inc is a holding company. The Company is a pharmaceutical company focused on the development, manufacture and commercialization of pharmaceutical products, based on its DepoFoam extended release drug delivery technology, for use primarily in hospitals and ambulatory surgery centers.

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