HC Wainwright assumed coverage on shares of TrovaGene (NASDAQ:TROV) in a research note released on Thursday, Marketbeat reports. The firm issued a buy rating and a $1.00 price target on the medical research company’s stock.
A number of other research analysts also recently issued reports on TROV. Maxim Group downgraded TrovaGene from a buy rating to a hold rating in a report on Friday, November 10th. downgraded TrovaGene from a buy rating to a hold rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $3.70.
TrovaGene (NASDAQ:TROV) opened at $0.27 on Thursday. TrovaGene has a twelve month low of $0.24 and a twelve month high of $2.85. The stock has a market capitalization of $10.52, a PE ratio of -0.28 and a beta of 0.35.
Several hedge funds have recently bought and sold shares of TROV. LMR Partners LLP purchased a new position in shares of TrovaGene during the 2nd quarter worth approximately $151,000. Goldman Sachs Group Inc. grew its holdings in shares of TrovaGene by 1,079.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 278,186 shares of the medical research company’s stock worth $351,000 after acquiring an additional 254,601 shares during the period. Finally, Susquehanna International Group LLP grew its holdings in shares of TrovaGene by 2,781.0% during the 2nd quarter. Susquehanna International Group LLP now owns 138,031 shares of the medical research company’s stock worth $174,000 after acquiring an additional 133,240 shares during the period. Hedge funds and other institutional investors own 13.73% of the company’s stock.
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Trovagene, Inc is a clinical-stage, precision medicine oncology therapeutics company. The Company’s lead drug candidate, PCM-075, is a Polo-like Kinase 1 (PLK1) selective adenosine triphosphate (ATP) competitive inhibitor. PCM-075 has shown preclinical antitumor activity as a single agent and in synergy combinations with more than ten different chemotherapeutics and targeted therapies, such as Zytiga (abiraterone acetate), Beleodaq (belinostat), Quizartinib (AC220), a development stage FLT3 inhibitor, and Velcade (bortezomib) in Acute Myeloid Leukemia (AML), metastatic Castration-Resistant Prostate Cancer (mCRPC) and other liquid and solid tumor cancers.
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