Vanguard Group Inc. lessened its holdings in AcelRx Pharmaceuticals, Inc. (NASDAQ:ACRX) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,357,461 shares of the specialty pharmaceutical company’s stock after selling 182,074 shares during the period. Vanguard Group Inc. owned about 2.99% of AcelRx Pharmaceuticals worth $2,918,000 at the end of the most recent reporting period.
Separately, LMR Partners LLP bought a new stake in AcelRx Pharmaceuticals during the 2nd quarter worth approximately $319,000. Institutional investors and hedge funds own 13.94% of the company’s stock.
Shares of AcelRx Pharmaceuticals, Inc. (NASDAQ ACRX) opened at $2.20 on Wednesday. AcelRx Pharmaceuticals, Inc. has a one year low of $1.55 and a one year high of $5.75. The company has a debt-to-equity ratio of -0.43, a current ratio of 4.78 and a quick ratio of 4.71.
A number of equities research analysts have commented on the stock. ValuEngine cut shares of AcelRx Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 12th. Jefferies Group cut shares of AcelRx Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Royal Bank Of Canada decreased their target price on shares of AcelRx Pharmaceuticals from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. Roth Capital set a $8.00 target price on shares of AcelRx Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, October 12th. Finally, HC Wainwright restated a “buy” rating and set a $5.00 target price on shares of AcelRx Pharmaceuticals in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. AcelRx Pharmaceuticals presently has an average rating of “Hold” and a consensus target price of $6.83.
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AcelRx Pharmaceuticals Company Profile
AcelRx Pharmaceuticals, Inc is a pharmaceutical company focused on the development and commercialization of therapies for the treatment of moderate-to-severe acute pain. The Company operates through the segment, which includes development and commercialization of product candidates for the treatment of pain.
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