Zacks Investment Research Downgrades Recro Pharma Inc (REPH) to Hold

Recro Pharma Inc (NASDAQ:REPH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Recro Pharma, Inc. is a clinical stage specialty pharmaceutical company. It develops non-opioid therapeutics for the treatment of pain in the post-operative setting. The company is developing intranasal formulation of Dexmedetomidine (Dex) for the treatment of post-operative pain and cancer breakthrough pain; sublingual formulation of Dex for the treatment of chronic pain; and Fadolmidine (Fado), a product candidate to treat post-operative pain and neuropathic pain. Recro Pharma, Inc. is based in Malvern, Pennsylvania. “

Several other brokerages have also recently issued reports on REPH. Piper Jaffray Companies initiated coverage on shares of Recro Pharma in a research report on Monday, December 19th. They set an “overweight” rating and a $12.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $19.00 price target on shares of Recro Pharma in a research report on Tuesday, November 29th. Finally, Roth Capital set a $24.00 price target on shares of Recro Pharma and gave the company a “buy” rating in a research report on Monday, November 28th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $18.11.

Analyst Recommendations for Recro Pharma (NASDAQ:REPH)

Recro Pharma (NASDAQ:REPH) opened at 7.97 on Tuesday. Recro Pharma has a 52-week low of $5.59 and a 52-week high of $12.50. The firm’s 50 day moving average is $7.79 and its 200 day moving average is $7.95. The company’s market cap is $151.83 million.

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In other Recro Pharma news, major shareholder Scp Vitalife Partners Ii Lp sold 44,977 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $8.00, for a total value of $359,816.00. Following the sale, the insider now owns 2,276,571 shares in the company, valued at $18,212,568. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Scp Vitalife Partners (Israel) sold 4,030 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $7.89, for a total transaction of $31,796.70. Following the completion of the sale, the insider now owns 772,714 shares in the company, valued at approximately $6,096,713.46. The disclosure for this sale can be found here. Insiders have sold 58,990 shares of company stock worth $467,384 in the last quarter. 39.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new stake in shares of Recro Pharma during the fourth quarter worth $118,000. Acadian Asset Management LLC acquired a new stake in shares of Recro Pharma during the third quarter worth $140,000. Wells Fargo & Company MN boosted its stake in shares of Recro Pharma by 56.0% in the third quarter. Wells Fargo & Company MN now owns 31,200 shares of the specialty pharmaceutical company’s stock worth $276,000 after buying an additional 11,200 shares during the period. Numeric Investors LLC acquired a new stake in shares of Recro Pharma during the fourth quarter worth $556,000. Finally, Granite Point Capital Management L.P. acquired a new stake in shares of Recro Pharma during the third quarter worth $636,000. Institutional investors and hedge funds own 53.23% of the company’s stock.

Recro Pharma Company Profile

Recro Pharma, Inc is a clinical-stage specialty pharmaceutical company. The Company is engaged in developing products for hospitals and ambulatory care settings that is developing non-opioid products for treatment of serious acute pain. The Company’s lead product candidate is an injectable form of meloxicam.

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