Needham & Company LLC Reiterates “Hold” Rating for ZimVie (NASDAQ:ZIMV)

Needham & Company LLC restated their hold rating on shares of ZimVie (NASDAQ:ZIMV) in a research report sent to investors on Thursday morning, MarketBeat reports.

ZimVie Trading Up 0.5 %

Shares of ZIMV opened at $12.04 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.38 and a current ratio of 1.94. ZimVie has a 52-week low of $11.62 and a 52-week high of $22.40. The firm has a market cap of $333.23 million, a price-to-earnings ratio of -0.92 and a beta of 2.10. The business’s fifty day moving average is $13.50 and its 200-day moving average is $14.40.

ZimVie (NASDAQ:ZIMV) last released its earnings results on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $111.52 million for the quarter, compared to analysts’ expectations of $113.67 million. ZimVie had a positive return on equity of 2.90% and a negative net margin of 77.31%. Equities analysts anticipate that ZimVie will post 0.6 EPS for the current fiscal year.

Institutional Trading of ZimVie

Hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in shares of ZimVie during the third quarter worth $891,000. Barclays PLC grew its position in ZimVie by 338.4% during the 3rd quarter. Barclays PLC now owns 43,437 shares of the company’s stock worth $690,000 after acquiring an additional 33,529 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in ZimVie by 66.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 183,419 shares of the company’s stock worth $2,911,000 after purchasing an additional 73,395 shares in the last quarter. Geode Capital Management LLC raised its position in ZimVie by 2.4% in the third quarter. Geode Capital Management LLC now owns 646,564 shares of the company’s stock valued at $10,263,000 after purchasing an additional 15,053 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of ZimVie during the third quarter valued at about $275,000. Institutional investors and hedge funds 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.