Sientra Inc. (SIEN) Sees Unusually-High Trading Volume
Shares of Sientra Inc. (NASDAQ:SIEN) saw unusually-strong trading volume on Monday . Approximately 180,548 shares changed hands during mid-day trading, an increase of 89% from the previous session’s volume of 95,629 shares.The stock last traded at $8.18 and had previously closed at $8.15.
Several research analysts recently commented on SIEN shares. Zacks Investment Research raised Sientra from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th. William Blair reaffirmed a “market perform” rating on shares of Sientra in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.50.
The stock has a 50-day moving average of $7.98 and a 200-day moving average of $7.25. The company’s market capitalization is $152.33 million.
Sientra (NASDAQ:SIEN) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.05. The company had revenue of $6.20 million for the quarter, compared to analyst estimates of $4.80 million. Sientra had a negative return on equity of 36.16% and a negative net margin of 297.09%. Equities research analysts anticipate that Sientra Inc. will post ($2.31) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in Sientra by 23.9% in the first quarter. State Street Corp now owns 82,717 shares of the company’s stock worth $563,000 after buying an additional 15,954 shares during the last quarter. Geode Capital Management LLC raised its position in Sientra by 67.5% in the first quarter. Geode Capital Management LLC now owns 71,919 shares of the company’s stock worth $491,000 after buying an additional 28,980 shares during the last quarter. TIAA CREF Investment Management LLC acquired a new position in Sientra during the first quarter worth $253,000. Paloma Partners Management Co acquired a new position in Sientra during the second quarter worth $198,000. Finally, Cannell Capital LLC raised its position in Sientra by 95.2% in the second quarter. Cannell Capital LLC now owns 855,997 shares of the company’s stock worth $5,632,000 after buying an additional 417,364 shares during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.
Sientra Company Profile
Sientra, Inc is a medical aesthetics company. The Company’s primary products are silicone gel breast implants for use in breast augmentation and breast reconstruction procedures, which it offers in over 190 variations of shapes, sizes and textures. The Company sells its breast implants and breast tissue expanders, or breast products to plastic surgeons.
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