ZimVie (NASDAQ:ZIMV) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of ZimVie (NASDAQ:ZIMV) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $23.00 price target on the stock.

ZimVie Stock Down 1.7 %

Shares of ZimVie stock opened at $12.88 on Thursday. ZimVie has a 1 year low of $12.25 and a 1 year high of $22.40. The business has a 50-day moving average of $13.75 and a two-hundred day moving average of $14.78. The company has a market capitalization of $355.48 million, a P/E ratio of -0.98 and a beta of 2.10. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.38.

ZimVie (NASDAQ:ZIMV) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. ZimVie had a positive return on equity of 2.90% and a negative net margin of 77.31%. The company had revenue of $111.52 million during the quarter, compared to the consensus estimate of $113.67 million. As a group, equities analysts predict that ZimVie will post 0.6 EPS for the current year.

Institutional Investors Weigh In On ZimVie

Several large investors have recently modified their holdings of the business. J. Goldman & Co LP grew its holdings in shares of ZimVie by 167.5% during the fourth quarter. J. Goldman & Co LP now owns 1,425,810 shares of the company’s stock worth $19,890,000 after buying an additional 892,785 shares in the last quarter. Forest Hill Capital LLC grew its holdings in shares of ZimVie by 25.9% during the fourth quarter. Forest Hill Capital LLC now owns 172,809 shares of the company’s stock worth $2,411,000 after buying an additional 35,500 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of ZimVie by 61.7% during the fourth quarter. Deutsche Bank AG now owns 23,796 shares of the company’s stock worth $332,000 after buying an additional 9,084 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of ZimVie by 12.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 301,316 shares of the company’s stock worth $4,203,000 after buying an additional 32,551 shares in the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in shares of ZimVie during the fourth quarter worth about $418,000. 95.63% of the stock is currently 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.