ZimVie (NASDAQ:ZIMV) Trading Up 3.7%

ZimVie Inc. (NASDAQ:ZIMV)’s share price was up 3.7% during trading on Tuesday . The company traded as high as $18.81 and last traded at $18.80. Approximately 40,643 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 334,388 shares. The stock had previously closed at $18.13.

Analyst Ratings Changes

A number of equities analysts have recently commented on ZIMV shares. Barclays raised their price target on ZimVie from $13.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of ZimVie in a research note on Tuesday, June 25th.

ZimVie Trading Up 0.9 %

The stock has a 50-day simple moving average of $16.37 and a two-hundred day simple moving average of $17.11. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.23 and a current ratio of 2.68.

ZimVie (NASDAQ:ZIMV) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter. ZimVie had a positive return on equity of 2.01% and a negative net margin of 56.31%. The business had revenue of $118.20 million for the quarter. During the same quarter in the previous year, the business earned $0.25 EPS. On average, analysts predict that ZimVie Inc. will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZIMV. Scarborough Advisors LLC purchased a new position in shares of ZimVie in the fourth quarter worth about $28,000. Heritage Wealth Advisors increased its holdings in ZimVie by 172,750.0% during the 1st quarter. Heritage Wealth Advisors now owns 6,914 shares of the company’s stock valued at $114,000 after purchasing an additional 6,910 shares during the period. EMC Capital Management purchased a new position in ZimVie during the 1st quarter valued at about $228,000. SG Americas Securities LLC increased its holdings in ZimVie by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 14,152 shares of the company’s stock valued at $251,000 after purchasing an additional 3,029 shares during the period. Finally, Bailard Inc. purchased a new position in ZimVie during the 4th quarter valued at about $254,000. Hedge funds and other institutional investors own 95.63% of the company’s stock.

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.