AcelRx Pharmaceuticals (NASDAQ:ACRX) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of AcelRx Pharmaceuticals (NASDAQ:ACRXFree Report) in a report issued on Tuesday. The firm issued a sell rating on the specialty pharmaceutical company’s stock.

A number of other analysts also recently issued reports on the stock. HC Wainwright reaffirmed a buy rating and set a $5.00 price target on shares of AcelRx Pharmaceuticals in a report on Thursday, December 7th. Alliance Global Partners started coverage on shares of AcelRx Pharmaceuticals in a report on Monday, October 2nd. They set a buy rating and a $4.25 price target on the stock.

Check Out Our Latest Report on ACRX

AcelRx Pharmaceuticals Price Performance

Shares of AcelRx Pharmaceuticals stock opened at $0.86 on Tuesday. The company has a 50-day moving average of $0.72 and a 200 day moving average of $0.80. The firm has a market cap of $14.58 million, a price-to-earnings ratio of -0.39 and a beta of 0.52. AcelRx Pharmaceuticals has a 1 year low of $0.43 and a 1 year high of $2.78.

AcelRx Pharmaceuticals (NASDAQ:ACRXGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.21. The firm had revenue of $0.12 million for the quarter. On average, equities analysts anticipate that AcelRx Pharmaceuticals will post -0.4 EPS for the current year.

Hedge Funds Weigh In On AcelRx Pharmaceuticals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of AcelRx Pharmaceuticals by 9.1% during the third quarter. Vanguard Group Inc. now owns 171,791 shares of the specialty pharmaceutical company’s stock valued at $100,000 after buying an additional 14,284 shares during the last quarter. BlackRock Inc. increased its position in AcelRx Pharmaceuticals by 1.0% in the third quarter. BlackRock Inc. now owns 1,947,140 shares of the specialty pharmaceutical company’s stock worth $407,000 after purchasing an additional 19,986 shares during the last quarter. Renaissance Technologies LLC bought a new stake in AcelRx Pharmaceuticals in the first quarter worth $27,000. Susquehanna International Group LLP bought a new stake in AcelRx Pharmaceuticals in the fourth quarter worth $144,000. Finally, Values First Advisors Inc. increased its position in AcelRx Pharmaceuticals by 201.7% in the second quarter. Values First Advisors Inc. now owns 122,441 shares of the specialty pharmaceutical company’s stock worth $136,000 after purchasing an additional 81,854 shares during the last quarter. Hedge funds and other institutional investors own 19.79% of the company’s stock.

About AcelRx Pharmaceuticals

(Get Free Report)

AcelRx Pharmaceuticals, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of therapies for the treatment of acute pain. Its lead product candidate is DSUVIA and DZUVEO, a 30 mcg sufentanil sublingual tablet for the treatment of moderate-to-severe acute pain. The company develops ZALVISO, a patient-controlled analgesia system that allows hospital patients with moderate-to-severe acute pain to self-dose with sufentanil sublingual tablets to manage their pain; ARX-02, which is in Phase 2 clinical trial for the treatment of cancer breakthrough pain in opioid-tolerant patients; and ARX-03, which is in Phase 2 clinical trial for the treatment of procedural anxiety and acute pain.

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