Pacira Pharmaceuticals (PCRX) Received its Third Buy in a Row


After Northland Securities and Wedbush gave Pacira Pharmaceuticals (NASDAQ: PCRX) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Serge Belanger maintained a Buy rating on Pacira Pharmaceuticals today and set a price target of $52.00. The company’s shares closed last Wednesday at $41.97.

According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.6% and a 41.5% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.

Pacira Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $55.08, a 34.5% upside from current levels. In a report issued on April 17, Northland Securities also maintained a Buy rating on the stock with a $50.00 price target.

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The company has a one-year high of $51.36 and a one-year low of $27.46. Currently, Pacira Pharmaceuticals has an average volume of 729.7K.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCRX in relation to earlier this year. Last month, Gary Pace, a Director at PCRX bought 21,736 shares for a total of $96,845.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pacira Biosciences, Inc. develops and manufactures injectable therapeutic products. The firm engages in the development, commercialization and manufacture of pharmaceutical products for use in postsurgical outcomes for acute care practitioners and their patients. Its flagship product, EXPAREL, redefines pain management after surgery as an opioid-free alternative indicated for single-dose infiltration into the surgical site to produce postsurgical analgesia. The company was founded in December 2006 and is headquartered in Parsippany, NJ.

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