Heron Therapeutics (HRTX) Downgraded to Sell at BidaskClub

Heron Therapeutics (NASDAQ:HRTX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, January 24th.

HRTX has been the topic of several other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $64.00 target price (down from $66.00) on shares of Heron Therapeutics in a research note on Wednesday, January 16th. Cantor Fitzgerald set a $50.00 target price on shares of Heron Therapeutics and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Zacks Investment Research downgraded shares of Heron Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Finally, ValuEngine raised shares of Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $51.91.

Shares of Heron Therapeutics stock opened at $27.22 on Thursday. Heron Therapeutics has a 52-week low of $19.55 and a 52-week high of $42.90. The company has a market capitalization of $2.12 billion, a PE ratio of 7.46 and a beta of 1.64.

Institutional investors have recently modified their holdings of the business. Cohen Capital Management Inc. grew its position in shares of Heron Therapeutics by 0.6% in the 4th quarter. Cohen Capital Management Inc. now owns 141,780 shares of the biotechnology company’s stock worth $3,678,000 after buying an additional 780 shares during the period. BlackRock Inc. grew its position in shares of Heron Therapeutics by 2.8% in the 4th quarter. BlackRock Inc. now owns 4,913,006 shares of the biotechnology company’s stock worth $127,443,000 after buying an additional 132,207 shares during the period. New York State Common Retirement Fund grew its position in shares of Heron Therapeutics by 81.0% in the 4th quarter. New York State Common Retirement Fund now owns 128,503 shares of the biotechnology company’s stock worth $3,333,000 after buying an additional 57,503 shares during the period. Jennison Associates LLC grew its position in shares of Heron Therapeutics by 1.1% in the 4th quarter. Jennison Associates LLC now owns 229,626 shares of the biotechnology company’s stock worth $5,956,000 after buying an additional 2,575 shares during the period. Finally, Congress Park Capital LLC grew its position in shares of Heron Therapeutics by 32.2% in the 4th quarter. Congress Park Capital LLC now owns 46,575 shares of the biotechnology company’s stock worth $1,208,000 after buying an additional 11,350 shares during the period.

About Heron Therapeutics

Heron Therapeutics, Inc, a biotechnology company, engages in developing medicines to address unmet medical needs. The company's product candidates utilize its proprietary Biochronomer 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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