Heron Therapeutics Inc Expected to Post FY2019 Earnings of ($0.57) Per Share (HRTX)

Heron Therapeutics Inc (NASDAQ:HRTX) – Leerink Swann lifted their FY2019 EPS estimates for shares of Heron Therapeutics in a research note issued on Tuesday, Zacks Investment Research reports. Leerink Swann analyst J. Gerberry now forecasts that the biotechnology company will post earnings of ($0.57) per share for the year, up from their prior estimate of ($0.75). Leerink Swann has a “Buy” rating and a $21.00 price objective on the stock. Leerink Swann also issued estimates for Heron Therapeutics’ FY2020 earnings at $1.00 EPS and FY2021 earnings at $3.05 EPS.

Heron Therapeutics (NASDAQ:HRTX) last posted its quarterly earnings data on Thursday, February 23rd. The biotechnology company reported ($1.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.17) by $0.05. The business earned $1.28 million during the quarter, compared to analyst estimates of $1.07 million.

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Earnings History and Estimates for Heron Therapeutics (NASDAQ:HRTX)

HRTX has been the subject of several other reports. Zacks Investment Research downgraded shares of Heron Therapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Cantor Fitzgerald set a $34.00 target price on shares of Heron Therapeutics and gave the company a “buy” rating in a research note on Thursday, January 12th. Jefferies Group LLC restated a “buy” rating and issued a $29.00 target price on shares of Heron Therapeutics in a research note on Monday, April 10th. Cowen and Company restated a “buy” rating and issued a $40.00 target price on shares of Heron Therapeutics in a research note on Friday, January 6th. Finally, Needham & Company LLC initiated coverage on shares of Heron Therapeutics in a research note on Monday, February 27th. They issued a “buy” rating and a $28.00 target price for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.38.

Heron Therapeutics (NASDAQ:HRTX) traded down 3.18% during mid-day trading on Thursday, reaching $15.20. The company’s stock had a trading volume of 353,463 shares. Heron Therapeutics has a one year low of $12.21 and a one year high of $24.00. The firm’s 50 day moving average is $14.51 and its 200-day moving average is $14.75.

Several large investors have recently bought and sold shares of HRTX. Pacad Investment Ltd. bought a new stake in Heron Therapeutics during the fourth quarter valued at approximately $155,000. Wells Fargo & Company MN increased its stake in Heron Therapeutics by 20.0% in the third quarter. Wells Fargo & Company MN now owns 11,167 shares of the biotechnology company’s stock valued at $192,000 after buying an additional 1,858 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Heron Therapeutics by 1.6% in the fourth quarter. Highbridge Capital Management LLC now owns 15,697 shares of the biotechnology company’s stock valued at $206,000 after buying an additional 252 shares during the last quarter. Nationwide Fund Advisors increased its stake in Heron Therapeutics by 11.3% in the first quarter. Nationwide Fund Advisors now owns 21,972 shares of the biotechnology company’s stock valued at $330,000 after buying an additional 2,233 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Heron Therapeutics during the fourth quarter valued at approximately $353,000.

About Heron Therapeutics

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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