ZimVie Inc. (NASDAQ:ZIMV - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,233,410 shares changed hands during mid-day trading, an increase of 317% from the previous session's volume of 295,634 shares.The stock last traded at $18.86 and had previously closed at $18.94.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ZIMV shares. Wall Street Zen cut shares of ZimVie from a "strong-buy" rating to a "buy" rating in a research note on Friday, July 18th. B. Riley cut shares of ZimVie from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Thursday, July 31st. Barclays raised shares of ZimVie from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $9.00 to $19.00 in a research note on Tuesday, July 22nd. Finally, UBS Group lowered their price objective on shares of ZimVie from $16.00 to $10.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $17.75.
Read Our Latest Stock Analysis on ZimVie
ZimVie Stock Down 0.4%
The company has a quick ratio of 1.60, a current ratio of 2.37 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $531.99 million, a PE ratio of -26.95 and a beta of 2.19. The business's 50 day simple moving average is $15.42 and its 200 day simple moving average is $12.02.
ZimVie (NASDAQ:ZIMV - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. ZimVie had a negative net margin of 4.39% and a positive return on equity of 6.37%. The company had revenue of $116.66 million during the quarter, compared to analyst estimates of $112.60 million. As a group, analysts forecast that ZimVie Inc. will post 0.6 EPS for the current year.
Institutional Trading of ZimVie
Hedge funds have recently bought and sold shares of the company. Monarch Capital Management Inc. lifted its position in shares of ZimVie by 15.3% in the second quarter. Monarch Capital Management Inc. now owns 80,374 shares of the company's stock worth $751,000 after purchasing an additional 10,674 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of ZimVie in the second quarter worth approximately $276,000. Engineers Gate Manager LP purchased a new stake in shares of ZimVie in the second quarter worth approximately $125,000. BNP Paribas Financial Markets lifted its position in shares of ZimVie by 126.3% in the second quarter. BNP Paribas Financial Markets now owns 37,869 shares of the company's stock worth $354,000 after purchasing an additional 21,137 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of ZimVie in the second quarter worth approximately $102,000. 95.63% of the stock is owned by hedge funds and other institutional investors.
About ZimVie
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider ZimVie, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ZimVie wasn't on the list.
While ZimVie currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
