Pacira Pharmaceuticals, Inc. (PCRX) CEO David M. Stack Sells 28,885 Shares

Pacira Pharmaceuticals, Inc. (NASDAQ:PCRX) CEO David M. Stack sold 28,885 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $36.37, for a total transaction of $1,050,547.45. Following the completion of the transaction, the chief executive officer now owns 159,164 shares in the company, valued at $5,788,794.68. The transaction was disclosed in a filing with the SEC, which is available at this link.

Pacira Pharmaceuticals, Inc. (PCRX) opened at 35.80 on Friday. Pacira Pharmaceuticals, Inc. has a 12-month low of $29.95 and a 12-month high of $58.95. The company has a 50-day moving average of $43.09 and a 200 day moving average of $45.24. The stock’s market cap is $1.44 billion.

Pacira Pharmaceuticals (NASDAQ:PCRX) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. The business had revenue of $70.90 million during the quarter, compared to the consensus estimate of $73.37 million. Pacira Pharmaceuticals had a negative return on equity of 12.44% and a negative net margin of 23.36%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities analysts anticipate that Pacira Pharmaceuticals, Inc. will post ($0.12) earnings per share for the current year.

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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Pacira Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine lowered shares of Pacira Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Friday, August 4th. BMO Capital Markets cut their price objective on shares of Pacira Pharmaceuticals from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, August 3rd. HC Wainwright set a $59.00 price objective on shares of Pacira Pharmaceuticals and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Pacira Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Pacira Pharmaceuticals by 85.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,491 shares of the company’s stock valued at $114,000 after buying an additional 1,149 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Pacira Pharmaceuticals during the second quarter valued at approximately $114,000. FNY Partners Fund LP acquired a new position in shares of Pacira Pharmaceuticals during the first quarter valued at approximately $136,000. Ameritas Investment Partners Inc. acquired a new position in shares of Pacira Pharmaceuticals during the first quarter valued at approximately $144,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Pacira Pharmaceuticals by 121.5% in the second quarter. Cubist Systematic Strategies LLC now owns 3,194 shares of the company’s stock valued at $152,000 after buying an additional 1,752 shares in the last quarter.

About Pacira Pharmaceuticals

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.

Insider Buying and Selling by Quarter for Pacira Pharmaceuticals (NASDAQ:PCRX)

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