Notable Ownership Action: Do Institutional Investors Hate Trover Solutions Inc (NASDAQ:TROV)?

November 17, 2016 - By Ruchi Gupta   ·   0 Comments

Notable Ownership Action: Do Institutional Investors Hate Trover Solutions Inc (NASDAQ:TROV)?

Sentiment for Trover Solutions Inc (NASDAQ:TROV)

Trover Solutions Inc (NASDAQ:TROV) institutional sentiment decreased to 0.81 in 2016 Q2. Its down -0.84, from 1.65 in 2016Q1. The ratio turned negative, as 25 institutional investors opened new and increased equity positions, while 31 sold and reduced their stakes in Trover Solutions Inc. The institutional investors in our partner’s database now have: 9.19 million shares, down from 10.12 million shares in 2016Q1. Also, the number of institutional investors holding Trover Solutions Inc in their top 10 equity positions decreased from 1 to 0 for a decrease of 1. Sold All: 8 Reduced: 23 Increased: 11 New Position: 14.

Trovagene, Inc. is a molecular diagnostic company. The company has a market cap of $104.50 million. The Firm focuses on the development and commercialization of a molecular diagnostic technology for use in disease detection and monitoring across a range of medical disciplines. It currently has negative earnings. The Company’s primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics.

The stock closed at $3.2 during the last session. It is down 46.58% since April 15, 2016 and is downtrending. It has underperformed by 51.20% the S&P500.

According to Zacks Investment Research, “Xenomics is a molecular diagnostic company that focuses on the development of DNA-based tests using Transrenal DNA. Xenomics’ patented technology uses safe and simple urine collection and can be applied to a broad range of applications, including prenatal testing, tumor detection and monitoring, tissue transplantation, infectious disease detection, genetic testing for forensic identity determination, drug development, and research to counter bioterrorism.”

Morgens Waterfall Vintiadis & Co Inc holds 1.26% of its portfolio in TrovaGene Inc for 300,000 shares. Bridger Management Llc owns 3.29 million shares or 0.96% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 0.3% invested in the company for 36,075 shares. The New Jersey-based Princeton Capital Management Inc has invested 0.22% in the stock. Elkhorn Partners Limited Partnership, a Nebraska-based fund reported 55,913 shares.#img1#

TrovaGene Inc (NASDAQ:TROV) Ratings Coverage

Ratings analysis reveals 0 of TrovaGene’s analysts are positive. Out of 5 Wall Street analysts rating TrovaGene, 0 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $5 while the high is $10. The stock’s average target of $6.33 is 97.81% above today’s ($3.2) share price. TROV was included in 8 notes of analysts from August 14, 2015. The stock has “Neutral” rating given by Piper Jaffray on Monday, April 25. On Monday, April 25 the stock rating was downgraded by Cantor Fitzgerald to “Hold”. Avondale maintained the shares of TROV in a report on Tuesday, March 29 with “Market Perform” rating. The rating was initiated by Cantor Fitzgerald on Tuesday, September 15 with “Buy”. On Friday, August 14 the stock rating was initiated by Leerink Swann with “Outperform”. As per Friday, March 11, the company rating was downgraded by Janney Capital. Leerink Swann downgraded TrovaGene Inc (NASDAQ:TROV) on Tuesday, April 26 to “Sector Perform” rating.

TROV Company Profile

Trovagene, Inc. (TrovaGene), incorporated on September 21, 2009, is a molecular diagnostic company. The Firm focuses on the development and commercialization of a molecular diagnostic technology for use in disease detection and monitoring across a range of medical disciplines. The Company’s primary internal focus is to leverage its cell-free molecular diagnostic platform to facilitate improvements in the field of oncology, while its external focus includes entering into license agreements or collaborations to develop its technology in areas, such as infectious disease, transplant medicine and prenatal genetics. The Firm has ongoing clinical collaborations to demonstrate the ability to determine and monitor mutational status and response to therapy in lung, colon, pancreatic and skin cancer.

More recent TrovaGene Inc (NASDAQ:TROV) news were published by: Prnewswire.com which released: “Trovagene to Present at the BIO Investor Forum in San Francisco on October 19” on October 17, 2016. Also Prnewswire.com published the news titled: “Trovagene Announces HPV Patent Issuance by U.S. Patent and Trademark Office …” on November 07, 2016. Prnewswire.com‘s news article titled: “Trovagene to Present at the 2nd Annual Cantor Fitzgerald Healthcare Conference” with publication date: July 05, 2016 was also an interesting one.

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By Ruchi Gupta


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