Walleye Capital LLC Purchases 54,569 Shares of Heron Therapeutics, Inc. (NASDAQ:HRTX)

Walleye Capital LLC lifted its position in shares of Heron Therapeutics, Inc. (NASDAQ:HRTXGet Rating) by 111.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,474 shares of the biotechnology company’s stock after purchasing an additional 54,569 shares during the period. Walleye Capital LLC’s holdings in Heron Therapeutics were worth $592,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HRTX. Envestnet Asset Management Inc. purchased a new stake in Heron Therapeutics in the 4th quarter worth approximately $108,000. Bank of America Corp DE lifted its stake in Heron Therapeutics by 224.1% in the fourth quarter. Bank of America Corp DE now owns 345,244 shares of the biotechnology company’s stock worth $3,152,000 after acquiring an additional 238,708 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Heron Therapeutics by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 336,881 shares of the biotechnology company’s stock valued at $3,076,000 after acquiring an additional 19,682 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Heron Therapeutics by 811.5% during the 4th quarter. BNP Paribas Arbitrage SA now owns 152,981 shares of the biotechnology company’s stock valued at $1,397,000 after purchasing an additional 136,197 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in Heron Therapeutics by 31.9% in the 4th quarter. Teacher Retirement System of Texas now owns 18,443 shares of the biotechnology company’s stock worth $168,000 after purchasing an additional 4,460 shares in the last quarter.

Heron Therapeutics Stock Down 7.3 %

NASDAQ:HRTX opened at $4.33 on Thursday. The company has a debt-to-equity ratio of 6.22, a current ratio of 1.77 and a quick ratio of 1.21. The firm’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.14. The company has a market capitalization of $444.40 million, a PE ratio of -1.94 and a beta of 1.15. Heron Therapeutics, Inc. has a 1-year low of $2.19 and a 1-year high of $12.89.

Heron Therapeutics (NASDAQ:HRTXGet Rating) last posted its quarterly earnings data on Tuesday, August 9th. The biotechnology company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.05). Heron Therapeutics had a negative return on equity of 457.73% and a negative net margin of 239.34%. The business had revenue of $27.63 million for the quarter, compared to the consensus estimate of $24.65 million. During the same period in the previous year, the firm earned ($0.62) EPS. The company’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts predict that Heron Therapeutics, Inc. will post -1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC cut their target price on shares of Heron Therapeutics from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. Cowen cut their price objective on Heron Therapeutics to $5.50 in a research report on Monday, August 15th. Finally, StockNews.com raised Heron Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.

Heron Therapeutics Company Profile

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Heron Therapeutics, Inc, a biotechnology company, engages in developing treatments to address unmet patient needs. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration.

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Institutional Ownership by Quarter for Heron Therapeutics (NASDAQ:HRTX)

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