Trevena Inc. (TRVN) Trading Down 1.9%
Trevena Inc. (NASDAQ:TRVN)’s share price fell 1.9% during trading on Wednesday . The stock traded as low as $6.77 and last traded at $6.88, with a volume of 121,253 shares trading hands. The stock had previously closed at $7.01.
Several brokerages have recently commented on TRVN. Cowen and Company restated a “buy” rating on shares of Trevena in a research note on Thursday, June 2nd. Zacks Investment Research lowered Trevena from a “hold” rating to a “sell” rating in a research note on Tuesday, July 12th. Brean Capital set a $14.00 price target on Trevena and gave the company a “buy” rating in a research note on Thursday, September 15th. Jefferies Group restated a “buy” rating on shares of Trevena in a research note on Friday, August 5th. Finally, FBR & Co restated a “buy” rating and set a $13.00 price target on shares of Trevena in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.30.
The firm has a 50 day moving average price of $6.96 and a 200 day moving average price of $7.28. The firm’s market cap is $367.33 million.
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Trevena (NASDAQ:TRVN) last posted its quarterly earnings results on Thursday, August 4th. The biopharmaceutical company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by $0.01. Trevena had a negative net margin of 841.00% and a negative return on equity of 45.01%. Equities research analysts forecast that Trevena Inc. will post ($1.55) EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Trevena by 2.2% in the second quarter. FMR LLC now owns 7,753,948 shares of the biopharmaceutical company’s stock worth $48,850,000 after buying an additional 168,765 shares in the last quarter. Wellington Management Group LLP increased its position in Trevena by 47.0% in the first quarter. Wellington Management Group LLP now owns 5,714,773 shares of the biopharmaceutical company’s stock worth $47,262,000 after buying an additional 1,827,970 shares during the last quarter. BlackRock Fund Advisors increased its position in Trevena by 23.6% in the second quarter. BlackRock Fund Advisors now owns 1,834,099 shares of the biopharmaceutical company’s stock worth $11,555,000 after buying an additional 350,089 shares during the last quarter. Vanguard Group Inc. increased its position in Trevena by 12.5% in the second quarter. Vanguard Group Inc. now owns 1,381,542 shares of the biopharmaceutical company’s stock worth $8,703,000 after buying an additional 153,378 shares during the last quarter. Finally, Vivo Capital LLC acquired a new position in Trevena during the first quarter worth approximately $9,924,000. 75.43% of the stock is currently owned by institutional investors.
Trevena Inc is a clinical-stage biopharmaceutical company. The Company discovers, develops and intends to commercialize therapeutics that use an approach to target G protein coupled receptors (GPCRs). Using its product platform, the Company has identified and advanced three differentiated product candidates: Oliceridine (TRV130), TRV027 and TRV250.
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