DURECT Corporation (NASDAQ:DRRX) registered a -9.32% decrease, still its new closing price is 8.08% up from the company’s 1 year high of 2.00.It posted -8.55% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 3 stock analysts following this company have an average price target at $2.75, with individual PT in the $1.25-$4.00 range. The shares moved at $1.07, implying that brokerage firms see shares losing about -10.83% in twelve months time.
DURECT Corporation (DRRX) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -20.15% fall year to date. A 10% Owner at DURECT Corporation (DRRX) acquired shares in a transaction closed on Thursday November 03, 2016. 21 APRIL FUND, L.P. bought 95,000 shares in the company at $1.16 each and collected $110,000 in proceeds. 21 APRIL FUND, L.P. now owns 67,364,638 shares in the company after this transaction. A 10% Owner in the company, 21 APRIL FUND, L.P., disclosed a transaction on Monday September 26, 2016 that ended up paying $2,875,000 from the purchase of 2,500,000 shares at $1.15 per share.
DURECT Corporation (NASDAQ:DRRX) Upcoming Results on Tap
DURECT Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.05 in that period. Sales during the quarter are predicted to arrive at $3.4 million.
Earnings surprise history: Last quarter, the company posted approximately $3.74 million in revenue and EPS of $-0.06. The mean forecast was for $3.71 million and $-0.07 a share, respectively. One quarter earlier, revenue for the stock was at $3.16 million, with earnings at $-0.07/share.
DURECT Corporation (DRRX) Brokerage Update
DURECT Corporation (DRRX) is in C.K. Cooper’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by C.K. Cooper, according to news reported on Thursday November 01, 2012.Another important research note was issued by Merriman Curhan Ford on Tuesday September 05, 2006.The firm upgraded DRRX to Buy from Neutral. Over the last six months and over the last three months, the shares of DURECT Corporation (DRRX), have changed -44.85% and -10.08%, respectively.