Trevena (TRVN) Earns Media Impact Rating of -0.01

Media stories about Trevena (NASDAQ:TRVN) have been trending somewhat negative on Friday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Trevena earned a media sentiment score of -0.01 on Accern’s scale. Accern also gave news stories about the biopharmaceutical company an impact score of 45.5391798700296 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

Several analysts recently weighed in on TRVN shares. Zacks Investment Research cut Trevena from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $10.00 price target on shares of Trevena in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $5.00 price target on Trevena and gave the stock a “buy” rating in a report on Thursday. Finally, HC Wainwright dropped their price objective on Trevena from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $10.23.

Trevena (NASDAQ:TRVN) last released its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($0.35) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.35).

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About Trevena

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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