Heron Therapeutics, Inc. (NASDAQ:HRTX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.82 and traded as high as $1.91. Heron Therapeutics shares last traded at $1.79, with a volume of 651,612 shares changing hands.
A number of analysts have weighed in on HRTX shares. StockNews.com downgraded shares of Heron Therapeutics from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $4.00 price objective on shares of Heron Therapeutics in a report on Wednesday, December 4th.
View Our Latest Stock Analysis on HRTX
The firm has a market cap of $272.26 million, a price-to-earnings ratio of -9.94 and a beta of 1.60. The business's 50-day moving average is $1.62 and its 200-day moving average is $1.82.
Heron Therapeutics (NASDAQ:HRTX - Get Free Report) last announced its earnings results on Tuesday, November 12th. The biotechnology company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The firm had revenue of $32.81 million for the quarter, compared to analyst estimates of $36.40 million. During the same quarter last year, the business earned ($0.17) EPS. Equities research analysts expect that Heron Therapeutics, Inc. will post -0.13 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of HRTX. Congress Park Capital LLC boosted its stake in Heron Therapeutics by 25.3% during the 3rd quarter. Congress Park Capital LLC now owns 1,978,078 shares of the biotechnology company's stock worth $3,936,000 after acquiring an additional 399,577 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Heron Therapeutics by 295.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,711 shares of the biotechnology company's stock worth $411,000 after acquiring an additional 154,487 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Heron Therapeutics by 456.5% during the 3rd quarter. Principal Financial Group Inc. now owns 102,651 shares of the biotechnology company's stock worth $204,000 after acquiring an additional 84,205 shares during the last quarter. Verition Fund Management LLC boosted its stake in Heron Therapeutics by 340.0% during the 3rd quarter. Verition Fund Management LLC now owns 108,115 shares of the biotechnology company's stock worth $215,000 after acquiring an additional 83,542 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Heron Therapeutics by 16.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,771 shares of the biotechnology company's stock worth $160,000 after acquiring an additional 6,328 shares during the last quarter. Institutional investors and hedge funds own 80.01% of the company's stock.
Heron Therapeutics, Inc, a commercial-stage biotechnology company, focuses on enhancing the lives of patients by developing and commercializing therapeutic that enhances medical care. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration.
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