Traders Buy Large Volume of Call Options on Pacira Pharmaceuticals (PCRX)

Pacira Pharmaceuticals Inc (NASDAQ:PCRX) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 1,729 call options on the company. This represents an increase of approximately 1,887% compared to the average daily volume of 87 call options.

Shares of Pacira Pharmaceuticals stock opened at $32.25 on Thursday. Pacira Pharmaceuticals has a 52 week low of $27.80 and a 52 week high of $52.47. The company has a market cap of $1,220.33, a price-to-earnings ratio of -29.59 and a beta of 1.95. The company has a quick ratio of 6.22, a current ratio of 6.96 and a debt-to-equity ratio of 0.99.

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Pacira Pharmaceuticals (NASDAQ:PCRX) last released its earnings results on Wednesday, February 28th. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.46. The company had revenue of $79.08 million during the quarter, compared to analysts’ expectations of $79.06 million. Pacira Pharmaceuticals had a negative net margin of 14.87% and a negative return on equity of 8.55%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. equities research analysts expect that Pacira Pharmaceuticals will post -0.58 earnings per share for the current fiscal year.

In related news, CEO David M. Stack sold 28,885 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $40.19, for a total transaction of $1,160,888.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.60% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. purchased a new position in shares of Pacira Pharmaceuticals in the 4th quarter valued at about $201,000. Bouchey Financial Group Ltd purchased a new position in shares of Pacira Pharmaceuticals in the 4th quarter valued at about $205,000. Twin Focus Capital Partners LLC purchased a new position in shares of Pacira Pharmaceuticals in the 4th quarter valued at about $206,000. Redmile Group LLC purchased a new position in shares of Pacira Pharmaceuticals in the 4th quarter valued at about $237,000. Finally, Fisher Asset Management LLC purchased a new position in shares of Pacira Pharmaceuticals in the 4th quarter valued at about $241,000.

A number of brokerages recently weighed in on PCRX. Mizuho decreased their price target on shares of Pacira Pharmaceuticals from $44.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday. Seaport Global Securities reiterated a “buy” rating and set a $42.00 price target on shares of Pacira Pharmaceuticals in a research note on Tuesday. Zacks Investment Research upgraded shares of Pacira Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. BMO Capital Markets decreased their price target on shares of Pacira Pharmaceuticals from $32.00 to $31.00 and set a “market perform” rating for the company in a research note on Thursday, March 1st. Finally, Royal Bank of Canada set a $44.00 price target on shares of Pacira Pharmaceuticals and gave the stock a “buy” rating in a research note on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. Pacira Pharmaceuticals currently has a consensus rating of “Hold” and a consensus price target of $44.06.

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Pacira Pharmaceuticals Company Profile

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.

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