Zacks: Viveve Medical, Inc. (VIVE) Receives Consensus Rating of “Strong Buy” from Analysts
Viveve Medical, Inc. (NASDAQ:VIVE) has been given a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $13.60 for the company and are anticipating that the company will post ($0.48) earnings per share for the current quarter, according to Zacks. Zacks has also given Viveve Medical an industry rank of 151 out of 265 based on the ratings given to related companies.
Separately, B. Riley initiated coverage on shares of Viveve Medical in a research note on Monday, November 7th. They issued a “buy” rating and a $8.00 price target on the stock.
A hedge fund recently raised its stake in Viveve Medical stock. HighTower Advisors LLC raised its stake in shares of Viveve Medical, Inc. (NASDAQ:VIVE) by 39.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,632 shares of the company’s stock after buying an additional 259,861 shares during the period. HighTower Advisors LLC’s holdings in Viveve Medical were worth $6,574,000 at the end of the most recent quarter. 54.43% of the stock is currently owned by hedge funds and other institutional investors.
Viveve Medical (NASDAQ:VIVE) opened at 4.92 on Friday. Viveve Medical has a 52-week low of $4.02 and a 52-week high of $10.50. The company has a 50-day moving average of $5.00 and a 200 day moving average of $6.22.
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About Viveve Medical
Viveve Medical, Inc, formerly PLC Systems, Inc, designs, develops, manufactures and markets medical devices for the non-invasive treatment of vaginal laxity. The Company’s Viveve Treatment is a non-invasive solution for vaginal laxity that is performed in approximately 30 minutes, in a physician’s office.
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