Stifel Nicolaus Sticks to Its Hold Rating for Pacira Pharmaceuticals (PCRX)


Stifel Nicolaus analyst Derek Archila reiterated a Hold rating on Pacira Pharmaceuticals (PCRX) today and set a price target of $48.00. The company’s shares closed last Thursday at $42.35.

According to TipRanks.com, Archila is a 3-star analyst with an average return of 1.1% and a 42.9% success rate. Archila covers the Healthcare sector, focusing on stocks such as DBV Technologies SA – American, Madrigal Pharmaceuticals, and Rhythm Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pacira Pharmaceuticals with a $54.69 average price target.

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Based on Pacira Pharmaceuticals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $122 million and GAAP net loss of $4.89 million. In comparison, last year the company earned revenue of $95.11 million and had a net profit of $8.29 million.

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. Most recently, in March 2020, John Phd Longenecker, a Director at PCRX bought 3,736 shares for a total of $6,015.

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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