HC Wainwright Initiates Coverage on TrovaGene (NASDAQ:TROV)

HC Wainwright initiated coverage on shares of TrovaGene (NASDAQ:TROV) in a report issued on Thursday, December 21st, Marketbeat Ratings reports. The firm issued a buy rating and a $1.00 price objective on the medical research company’s stock.

Other equities analysts have also issued research reports about the company. Maxim Group set a $4.00 price target on TrovaGene and gave the stock a buy rating in a research report on Wednesday, October 18th. downgraded TrovaGene from a buy rating to a hold rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $3.70.

TrovaGene (NASDAQ:TROV) opened at $0.34 on Thursday. The company has a market capitalization of $17.84, a price-to-earnings ratio of -0.34 and a beta of 0.40. TrovaGene has a 52-week low of $0.23 and a 52-week high of $2.40.

TrovaGene (NASDAQ:TROV) last announced its quarterly earnings data on Thursday, November 9th. The medical research company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $0.12 million during the quarter. TrovaGene had a negative return on equity of 259.94% and a negative net margin of 7,960.05%. analysts anticipate that TrovaGene will post -0.78 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the business. LMR Partners LLP bought a new stake in shares of TrovaGene during the 2nd quarter valued at about $151,000. Susquehanna International Group LLP grew its stake 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 valued at $174,000 after acquiring an additional 133,240 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake 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 valued at $351,000 after acquiring an additional 254,601 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

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TrovaGene Company Profile

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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