Jefferies Group LLC Lowers Pacira Pharmaceuticals, Inc. (PCRX) Price Target to $52.00

Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) had its target price trimmed by Jefferies Group LLC to $52.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on PCRX. Cowen and Company reiterated a hold rating on shares of Pacira Pharmaceuticals in a report on Wednesday, August 2nd. BMO Capital Markets increased their price objective on shares of Pacira Pharmaceuticals from $38.00 to $39.00 and gave the company a market perform rating in a report on Wednesday, November 8th. Mizuho reiterated a buy rating and issued a $53.00 price objective (down from $54.00) on shares of Pacira Pharmaceuticals in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) started coverage on shares of Pacira Pharmaceuticals in a report on Thursday, September 28th. They issued a neutral rating and a $41.00 price objective for the company. Finally, BidaskClub cut shares of Pacira Pharmaceuticals from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Pacira Pharmaceuticals currently has an average rating of Hold and a consensus target price of $49.71.

Pacira Pharmaceuticals (NASDAQ PCRX) traded up $1.90 during midday trading on Thursday, reaching $42.05. 787,300 shares of the company’s stock traded hands, compared to its average volume of 840,020. Pacira Pharmaceuticals has a 1 year low of $29.81 and a 1 year high of $58.95. The company has a quick ratio of 6.24, a current ratio of 6.99 and a debt-to-equity ratio of 1.03.

Pacira Pharmaceuticals (NASDAQ:PCRX) last posted its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.15. Pacira Pharmaceuticals had a negative net margin of 18.25% and a negative return on equity of 13.77%. The firm had revenue of $67.30 million during the quarter, compared to analysts’ expectations of $68.99 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Pacira Pharmaceuticals’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts expect that Pacira Pharmaceuticals will post -0.96 earnings per share for the current year.

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In other Pacira Pharmaceuticals news, CEO David M. Stack sold 28,885 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $36.37, for a total value of $1,050,547.45. Following the completion of the sale, the chief executive officer now owns 159,164 shares in the company, valued at approximately $5,788,794.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kristen Marie Williams sold 3,461 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.75, for a total transaction of $127,191.75. Following the completion of the sale, the chief accounting officer now owns 21,312 shares of the company’s stock, valued at approximately $783,216. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,390 shares of company stock valued at $1,215,480. 6.60% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PCRX. Principal Financial Group Inc. purchased a new stake in Pacira Pharmaceuticals in the 1st quarter worth approximately $237,000. Teachers Advisors LLC lifted its position in Pacira Pharmaceuticals by 238.5% in the 1st quarter. Teachers Advisors LLC now owns 212,792 shares of the company’s stock worth $9,703,000 after buying an additional 149,938 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Pacira Pharmaceuticals by 25.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 136,167 shares of the company’s stock worth $6,209,000 after buying an additional 27,942 shares in the last quarter. Vanguard Group Inc. lifted its position in Pacira Pharmaceuticals by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 2,860,092 shares of the company’s stock worth $130,420,000 after buying an additional 112,853 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Pacira Pharmaceuticals by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 367,089 shares of the company’s stock worth $16,739,000 after buying an additional 18,559 shares in the last quarter. Institutional investors own 99.64% of the company’s stock.

About Pacira Pharmaceuticals

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.

The Fly

Analyst Recommendations for Pacira Pharmaceuticals (NASDAQ:PCRX)

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