JMP Securities downgrades Trevena (TRVN) to a Hold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
0mins
Source: Business Insider
Trevena's Analyst Rating: Trevena (TRVN) received a Hold rating from JMP Securities with a price target of $5.00, while the company's shares closed at $1.69. The analyst, Jason Butler, has an average return of -7.5% and a 37% success rate on his stock recommendations.
Financial Performance: In its latest earnings report for Q3, Trevena reported a revenue of $342 thousand and a GAAP net loss of $4.94 million, showing improvement compared to last year's revenue of $357 thousand and a net loss of $7.93 million.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
