LPL Financial LLC Makes New Investment in ZimVie Inc. (NASDAQ:ZIMV)

LPL Financial LLC bought a new position in ZimVie Inc. (NASDAQ:ZIMV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 71,216 shares of the company's stock, valued at approximately $993,000. LPL Financial LLC owned approximately 0.26% of ZimVie as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZIMV. SG Americas Securities LLC increased its holdings in ZimVie by 15.7% in the fourth quarter. SG Americas Securities LLC now owns 11,110 shares of the company's stock valued at $155,000 after purchasing an additional 1,508 shares during the period. EMC Capital Management boosted its holdings in ZimVie by 47.0% in the fourth quarter. EMC Capital Management now owns 13,802 shares of the company's stock valued at $193,000 after acquiring an additional 4,414 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in ZimVie during the 3rd quarter valued at approximately $275,000. Bailard Inc. raised its holdings in ZimVie by 35.0% during the 4th quarter. Bailard Inc. now owns 21,194 shares of the company's stock worth $296,000 after purchasing an additional 5,494 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of ZimVie in the 4th quarter worth approximately $463,000. 95.63% of the stock is currently owned by institutional investors.

ZimVie Stock Down 1.1 %

NASDAQ:ZIMV traded down $0.10 during trading hours on Friday, reaching $9.32. The company had a trading volume of 13,379 shares, compared to its average volume of 221,655. ZimVie Inc. has a twelve month low of $8.56 and a twelve month high of $22.40. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. The firm has a market cap of $259.53 million, a price-to-earnings ratio of -0.71 and a beta of 2.14. The business's 50-day simple moving average is $11.24 and its two-hundred day simple moving average is $13.11.

ZimVie (NASDAQ:ZIMV - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. ZimVie had a negative net margin of 77.31% and a positive return on equity of 2.90%. The company had revenue of $111.52 million for the quarter, compared to analysts' expectations of $113.67 million. On average, equities analysts expect that ZimVie Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

ZIMV has been the subject of several recent analyst reports. B. Riley began coverage on shares of ZimVie in a research report on Thursday, April 10th. They set a "buy" rating and a $16.00 price objective for the company. Needham & Company LLC reiterated a "hold" rating on shares of ZimVie in a report on Wednesday, April 9th.

ZimVie Profile

ZimVie Inc, together with its subsidiaries, develops, manufactures, and markets a portfolio of products and solutions designed to treat various spine pathologies, and support dental tooth replacement and restoration procedures worldwide. It operates through two segments, The Dental Segment and The Spine Segment.