Trevena, Inc. (TRVN) Scheduled to Post Quarterly Earnings on Wednesday
Trevena, Inc. (NASDAQ:TRVN) is set to issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.33) per share for the quarter.
Trevena (NASDAQ:TRVN) last posted its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.35) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.35). On average, analysts expect Trevena to post $-1.27 EPS for the current fiscal year and $-0.76 EPS for the next fiscal year.
Trevena, Inc. (NASDAQ TRVN) opened at 1.54 on Wednesday. The company has a 50 day moving average price of $2.35 and a 200-day moving average price of $2.63. The firm’s market capitalization is $91.93 million. Trevena, Inc. has a 1-year low of $1.51 and a 1-year high of $8.00.
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A number of analysts have recently weighed in on the stock. Cowen and Company restated a “buy” rating and issued a $10.00 price objective on shares of Trevena in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Trevena from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Wednesday, October 18th. Barclays PLC cut shares of Trevena from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $15.00 to $2.50 in a research note on Monday, October 16th. Oppenheimer Holdings, Inc. set a $8.00 price objective on shares of Trevena and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, HC Wainwright reduced their price objective on shares of Trevena from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company’s stock. Trevena has an average rating of “Buy” and an average target price of $9.62.
An institutional investor recently raised its position in Trevena stock. California State Teachers Retirement System boosted its stake in shares of Trevena, Inc. (NASDAQ:TRVN) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,107 shares of the biopharmaceutical company’s stock after purchasing an additional 500 shares during the quarter. California State Teachers Retirement System owned 0.16% of Trevena worth $223,000 at the end of the most recent quarter. 60.09% of the stock is owned by institutional investors.
Trevena Company Profile
Trevena Inc is a biopharmaceutical company, which is engaged in developing various therapies. The Company is developing OLINVO, a u-receptor G protein pathway selective modulator (u-GPS) for the management of moderate-to-severe acute pain where intravenous (IV) administration is preferred. It is focused on commercializing it in the United States for use in acute care settings, such as hospitals and ambulatory surgery centers.
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