Mizuho Begins Coverage on Viveve Medical, Inc. (VIVE)
Mizuho began coverage on shares of Viveve Medical, Inc. (NASDAQ:VIVE) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $10.00 price objective on the stock.
Several other research analysts also recently commented on the company. Cowen and Company set a $11.00 target price on Viveve Medical and gave the stock a buy rating in a research note on Monday, October 23rd. ValuEngine downgraded Viveve Medical from a sell rating to a strong sell rating in a research note on Monday, August 14th. Finally, Maxim Group reissued a buy rating and set a $11.00 target price on shares of Viveve Medical in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Viveve Medical presently has an average rating of Buy and a consensus price target of $10.40.
Viveve Medical (VIVE) traded up $0.17 during mid-day trading on Thursday, reaching $4.98. The company had a trading volume of 119,334 shares, compared to its average volume of 208,140. Viveve Medical has a fifty-two week low of $3.75 and a fifty-two week high of $11.16. The company has a debt-to-equity ratio of 2.72, a current ratio of 3.89 and a quick ratio of 3.63.
Viveve Medical (NASDAQ:VIVE) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.42) by ($0.08). The company had revenue of $4.07 million during the quarter, compared to analyst estimates of $4.10 million. Viveve Medical had a negative net margin of 257.58% and a negative return on equity of 275.77%. The firm’s revenue for the quarter was up 120.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.46) EPS. sell-side analysts predict that Viveve Medical will post -2 earnings per share for the current fiscal year.
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In other news, CFO Scott Durbin purchased 5,000 shares of Viveve Medical stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average cost of $5.25 per share, for a total transaction of $26,250.00. Following the completion of the acquisition, the chief financial officer now owns 11,568 shares in the company, valued at approximately $60,732. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 35.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in shares of Viveve Medical during the second quarter worth about $110,000. JPMorgan Chase & Co. bought a new stake in Viveve Medical in the second quarter valued at approximately $151,000. Virtu KCG Holdings LLC bought a new stake in Viveve Medical in the second quarter valued at approximately $169,000. Schwab Charles Investment Management Inc. bought a new stake in Viveve Medical in the second quarter valued at approximately $189,000. Finally, California State Teachers Retirement System bought a new stake in Viveve Medical in the second quarter valued at approximately $190,000. Institutional investors own 65.55% of the company’s stock.
About Viveve Medical
Viveve Medical, Inc designs, develops, manufactures and markets a medical device, Geneveve, for the non-invasive treatment of vaginal laxity, for improved sexual function, and for vaginal rejuvenation. The Company’s, Geneveve, is a non-invasive solution for vaginal laxity, which includes three components: the Viveve System (a radio frequency (RF), generator housed in a table-top console), a reusable handpiece and a single-use treatment tip, as well as several other consumable accessories.
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