ZimVie (NASDAQ:ZIMV) Shares Gap Up - Should You Buy?

ZimVie Inc. (NASDAQ:ZIMV - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $8.44, but opened at $18.75. ZimVie shares last traded at $18.77, with a volume of 3,806,612 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Needham & Company LLC reissued a "hold" rating on shares of ZimVie in a report on Wednesday, April 9th. Wall Street Zen downgraded shares of ZimVie from a "strong-buy" rating to a "buy" rating in a research report on Friday. UBS Group reduced their target price on ZimVie from $16.00 to $10.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Finally, B. Riley assumed coverage on shares of ZimVie in a report on Thursday, April 10th. They issued a "buy" rating and a $16.00 price objective for the company.

ZimVie Trading Up 122.1%

The company has a current ratio of 2.14, a quick ratio of 1.48 and a debt-to-equity ratio of 0.58. The firm has a market cap of $522.05 million, a price-to-earnings ratio of -26.40 and a beta of 2.07. The company has a 50 day moving average of $9.05 and a 200 day moving average of $10.90.

ZimVie (NASDAQ:ZIMV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. ZimVie had a positive return on equity of 5.53% and a negative net margin of 4.40%. The company had revenue of $112.00 million during the quarter, compared to analysts' expectations of $113.10 million. As a group, research analysts anticipate that ZimVie Inc. will post 0.6 EPS for the current year.

Institutional Trading of ZimVie

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZIMV. AlphaQuest LLC lifted its position in shares of ZimVie by 2,695.9% during the first quarter. AlphaQuest LLC now owns 8,947 shares of the company's stock worth $97,000 after acquiring an additional 8,627 shares in the last quarter. Quantbot Technologies LP bought a new stake in ZimVie during the 1st quarter valued at approximately $98,000. Jones Financial Companies Lllp raised its stake in ZimVie by 9,039.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,612 shares of the company's stock valued at $136,000 after buying an additional 12,474 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in ZimVie during the 1st quarter valued at $144,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of ZimVie by 8.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,808 shares of the company's stock valued at $162,000 after purchasing an additional 1,194 shares in the last quarter. 95.63% of the stock is owned by institutional investors.

ZimVie Company 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.

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