Trevena Inc (NASDAQ:TRVN) shares traded up 0% during mid-day trading on Monday . The company traded as high as $1.64 and last traded at $1.63. 1,798,000 shares traded hands during mid-day trading, an increase of 83% from the average session volume of 983,988 shares. The stock had previously closed at $1.63.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Trevena from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Oppenheimer reiterated a “buy” rating and issued a $5.00 price target on shares of Trevena in a research note on Monday, November 13th. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Trevena in a research note on Wednesday, November 8th. Finally, Needham & Company LLC decreased their price target on shares of Trevena from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $7.35.

The company has a debt-to-equity ratio of 0.38, a current ratio of 4.92 and a quick ratio of 4.92. The firm has a market capitalization of $105.91, a price-to-earnings ratio of -1.03 and a beta of -0.51.

A number of hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in Trevena by 0.5% during the second quarter. California State Teachers Retirement System now owns 97,107 shares of the biopharmaceutical company’s stock worth $223,000 after purchasing an additional 500 shares in the last quarter. Rhumbline Advisers raised its holdings in Trevena by 30.1% during the second quarter. Rhumbline Advisers now owns 64,251 shares of the biopharmaceutical company’s stock worth $148,000 after purchasing an additional 14,880 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Trevena by 8.3% during the second quarter. TIAA CREF Investment Management LLC now owns 237,045 shares of the biopharmaceutical company’s stock worth $545,000 after purchasing an additional 18,190 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Trevena by 51.9% during the second quarter. Alliancebernstein L.P. now owns 55,300 shares of the biopharmaceutical company’s stock worth $127,000 after purchasing an additional 18,900 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Trevena by 26.4% during the second quarter. Teachers Advisors LLC now owns 98,153 shares of the biopharmaceutical company’s stock worth $226,000 after purchasing an additional 20,482 shares in the last quarter. 56.91% of the stock is currently owned by institutional investors.

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Trevena Company Profile

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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