Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Trevena (TRVN) Stock Price

News articles about Trevena (NASDAQ:TRVN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Trevena earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned headlines about the biopharmaceutical company an impact score of 46.2465670265919 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several brokerages have issued reports on TRVN. Roth Capital set a $9.00 price target on shares of Trevena and gave the company a “buy” rating in a research note on Saturday, May 6th. Cowen and Company reiterated a “buy” rating and issued a $10.00 price target on shares of Trevena in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Trevena from a “sell” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Wednesday, August 9th. 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, Needham & Company LLC restated a “buy” rating and set a $9.00 price objective (down from $11.00) on shares of Trevena in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $10.56.

Shares of Trevena (NASDAQ:TRVN) traded down 1.68% on Friday, reaching $2.34. 336,397 shares of the company were exchanged. Trevena has a 12-month low of $2.15 and a 12-month high of $8.00. The firm’s market capitalization is $139.69 million. The company’s 50 day moving average is $2.55 and its 200 day moving average is $3.48.

Trevena (NASDAQ:TRVN) last posted its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported ($0.35) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.35). Analysts forecast that Trevena will post ($1.40) earnings per share for the current year.

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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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