AcelRx Pharmaceuticals Inc (ACRX) CFO Raffi Asadorian Buys 5,000 Shares

AcelRx Pharmaceuticals Inc (NASDAQ:ACRX) CFO Raffi Asadorian purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was acquired at an average price of $3.13 per share, for a total transaction of $15,650.00. Following the purchase, the chief financial officer now owns 47,000 shares of the company’s stock, valued at approximately $147,110. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ ACRX traded down $0.10 on Tuesday, hitting $3.15. 154,061 shares of the stock traded hands, compared to its average volume of 6,058,886. AcelRx Pharmaceuticals Inc has a twelve month low of $1.65 and a twelve month high of $5.05. The stock has a market capitalization of $203.06 million, a P/E ratio of -2.87 and a beta of 2.03.

AcelRx Pharmaceuticals (NASDAQ:ACRX) last announced its quarterly earnings data on Monday, November 5th. The specialty pharmaceutical company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.01). The business had revenue of $0.38 million during the quarter, compared to analysts’ expectations of $1.10 million. As a group, research analysts anticipate that AcelRx Pharmaceuticals Inc will post -0.86 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in AcelRx Pharmaceuticals by 16.8% during the third quarter. BlackRock Inc. now owns 786,034 shares of the specialty pharmaceutical company’s stock valued at $3,026,000 after buying an additional 112,919 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in AcelRx Pharmaceuticals during the second quarter valued at approximately $1,676,000. Fosun International Ltd acquired a new stake in AcelRx Pharmaceuticals during the third quarter valued at approximately $1,940,000. Bridgeway Capital Management Inc. raised its stake in AcelRx Pharmaceuticals by 40.6% during the third quarter. Bridgeway Capital Management Inc. now owns 346,150 shares of the specialty pharmaceutical company’s stock valued at $1,333,000 after buying an additional 100,000 shares in the last quarter. Finally, FMR LLC raised its stake in AcelRx Pharmaceuticals by 1,094.6% during the second quarter. FMR LLC now owns 298,644 shares of the specialty pharmaceutical company’s stock valued at $1,008,000 after buying an additional 273,644 shares in the last quarter. Hedge funds and other institutional investors own 8.44% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research upgraded AcelRx Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of AcelRx Pharmaceuticals in a research note on Tuesday, November 6th. Cantor Fitzgerald boosted their price target on AcelRx Pharmaceuticals from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Monday, November 5th. LADENBURG THALM/SH SH set a $10.00 price target on AcelRx Pharmaceuticals and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded AcelRx Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $7.93.

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AcelRx Pharmaceuticals Company Profile

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, a 30 mcg sufentanil sublingual tablet for the treatment of moderate-to-severe acute pain. The company also develops ZALVISO, a pre-programmed and 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.

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Insider Buying and Selling by Quarter for AcelRx Pharmaceuticals (NASDAQ:ACRX)

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