ZimVie (NASDAQ:ZIMV) Given New $23.00 Price Target at Needham & Company LLC

ZimVie (NASDAQ:ZIMV) had its price target increased by Needham & Company LLC from $20.00 to $23.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

ZimVie Stock Down 15.2 %

ZIMV stock opened at $17.30 on Friday. ZimVie has a 12 month low of $6.52 and a 12 month high of $22.40. The firm has a 50 day simple moving average of $18.05 and a 200 day simple moving average of $17.53. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.68 and a quick ratio of 2.23.

ZimVie (NASDAQ:ZIMV) last released its earnings results on Thursday, August 1st. The company reported $0.13 EPS for the quarter. ZimVie had a negative net margin of 63.84% and a positive return on equity of 2.09%. The business had revenue of $116.81 million during the quarter. During the same period in the prior year, the company earned $0.17 earnings per share. On average, research analysts anticipate that ZimVie will post 0.63 EPS for the current year.

Institutional Trading of ZimVie

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Scarborough Advisors LLC acquired a new stake in shares of ZimVie during the fourth quarter valued at approximately $28,000. Summit Securities Group LLC raised its holdings in shares of ZimVie by 518.6% during the second quarter. Summit Securities Group LLC now owns 3,000 shares of the company’s stock valued at $55,000 after acquiring an additional 2,515 shares during the period. Heritage Wealth Advisors raised its holdings in shares of ZimVie by 172,750.0% during the first quarter. Heritage Wealth Advisors now owns 6,914 shares of the company’s stock valued at $114,000 after acquiring an additional 6,910 shares during the period. EMC Capital Management acquired a new stake in shares of ZimVie during the first quarter valued at approximately $228,000. Finally, SG Americas Securities LLC raised its holdings in shares of ZimVie by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 14,152 shares of the company’s stock valued at $251,000 after acquiring an additional 3,029 shares during the period. 95.63% of the stock is owned by institutional investors and hedge funds.

About ZimVie

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.