TrovaGene (NASDAQ:TROV) has been assigned a $8.00 price objective by investment analysts at Maxim Group in a research note issued to investors on Tuesday, April 2nd, TipRanks reports. The brokerage currently has a “buy” rating on the medical research company’s stock. Maxim Group’s price objective points to a potential upside of 135.29% from the stock’s current price.
A number of other brokerages also recently commented on TROV. Zacks Investment Research upgraded shares of TrovaGene from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Tuesday, March 12th. Noble Financial set a $20.00 target price on TrovaGene and gave the company an “outperform” rating in a research note on Friday, March 8th. Finally, ValuEngine upgraded TrovaGene from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $18.88.
Shares of TROV stock traded down $0.03 on Tuesday, hitting $3.40. The stock had a trading volume of 185,945 shares, compared to its average volume of 934,032. The company has a market capitalization of $16.88 million, a P/E ratio of -0.41 and a beta of 0.77. TrovaGene has a one year low of $2.52 and a one year high of $21.96.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in TrovaGene by 192.7% in the 3rd quarter. Renaissance Technologies LLC now owns 596,606 shares of the medical research company’s stock worth $486,000 after purchasing an additional 392,804 shares during the period. Vanguard Group Inc boosted its position in shares of TrovaGene by 508.8% in the third quarter. Vanguard Group Inc now owns 239,029 shares of the medical research company’s stock worth $195,000 after buying an additional 199,767 shares during the period. Vanguard Group Inc. boosted its position in shares of TrovaGene by 508.8% in the third quarter. Vanguard Group Inc. now owns 239,029 shares of the medical research company’s stock worth $195,000 after buying an additional 199,767 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of TrovaGene in the third quarter worth about $265,000. 7.15% of the stock is owned by institutional investors and hedge funds.
TrovaGene Company Profile
Trovagene, Inc, a clinical-stage, precision medicine oncology therapeutics company, develops oncology therapeutics for cancer care by leveraging its proprietary Precision Cancer Monitoring (PCM) technology in tumor genomics. Its lead drug candidate, PCM-075, is a Polo-like Kinase 1 selective adenosine triphosphate competitive inhibitor.
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