Vivani Medical (NASDAQ:VANI - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at HC Wainwright in a note issued to investors on Tuesday,Benzinga reports. They currently have a $4.00 price target on the stock. HC Wainwright's target price indicates a potential upside of 210.08% from the company's previous close.
Vivani Medical Stock Down 5.8%
NASDAQ VANI traded down $0.08 on Tuesday, hitting $1.29. The company's stock had a trading volume of 79,673 shares, compared to its average volume of 58,008. Vivani Medical has a 1-year low of $0.91 and a 1-year high of $1.80. The company's 50-day moving average is $1.35 and its 200 day moving average is $1.18. The firm has a market cap of $76.42 million, a PE ratio of -2.87 and a beta of 3.12.
Vivani Medical (NASDAQ:VANI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). On average, equities analysts expect that Vivani Medical will post -0.41 EPS for the current year.
Institutional Investors Weigh In On Vivani Medical
Several large investors have recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Vivani Medical by 19.1% during the fourth quarter. Northern Trust Corp now owns 71,915 shares of the company's stock worth $83,000 after buying an additional 11,540 shares during the period. Panagora Asset Management Inc. acquired a new stake in Vivani Medical in the second quarter worth $25,000. Wealthedge Investment Advisors LLC acquired a new stake in Vivani Medical in the fourth quarter worth $43,000. Jane Street Group LLC acquired a new stake in Vivani Medical in the fourth quarter worth $66,000. Finally, Connective Capital Management LLC grew its holdings in Vivani Medical by 796.2% in the first quarter. Connective Capital Management LLC now owns 162,098 shares of the company's stock worth $170,000 after purchasing an additional 144,010 shares during the period. 6.78% of the stock is currently owned by institutional investors and hedge funds.
About Vivani Medical
(
Get Free Report)
Vivani Medical, Inc, a clinical stage company, develops various implants that treat chronic diseases with high unmet medical need. It engages in developing a portfolio of miniature drug implants to deliver minimally fluctuating drug profiles; and implantable visual prostheses devices to deliver useful artificial vision to blind individuals.
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