Viveve Medical, Inc. (VIVE) Given Average Recommendation of “Buy” by Brokerages
Shares of Viveve Medical, Inc. (NASDAQ:VIVE) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.80.
VIVE has been the topic of a number of analyst reports. ValuEngine raised shares of Viveve Medical from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Raymond James Financial, Inc. initiated coverage on shares of Viveve Medical in a report on Thursday, May 25th. They set an “outperform” rating and a $10.00 price objective on the stock. Cowen and Company initiated coverage on shares of Viveve Medical in a report on Wednesday, May 3rd. They set an “outperform” rating and a $11.00 price objective on the stock. Maxim Group reaffirmed a “buy” rating and set a $11.00 price objective on shares of Viveve Medical in a report on Friday. Finally, B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of Viveve Medical in a report on Wednesday, May 17th.
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Viveve Medical (NASDAQ:VIVE) traded down 0.28% during mid-day trading on Friday, reaching $7.03. 194,671 shares of the company’s stock traded hands. Viveve Medical has a 12 month low of $3.75 and a 12 month high of $11.16. The company has a 50 day moving average price of $7.06 and a 200-day moving average price of $6.44. The stock’s market cap is $136.06 million.
Viveve Medical (NASDAQ:VIVE) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.33) by $0.21. The firm had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $3.24 million. Viveve Medical had a negative return on equity of 232.94% and a negative net margin of 255.11%. Viveve Medical’s revenue was up 97.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.66) earnings per share. On average, analysts anticipate that Viveve Medical will post ($1.81) EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers acquired a new stake in Viveve Medical during the second quarter worth approximately $110,000. JPMorgan Chase & Co. acquired a new stake in Viveve Medical during the second quarter worth approximately $151,000. Schwab Charles Investment Management Inc. acquired a new stake in Viveve Medical during the second quarter worth approximately $189,000. Teachers Advisors LLC acquired a new stake in Viveve Medical during the second quarter worth approximately $196,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Viveve Medical during the second quarter worth approximately $296,000. Institutional investors own 61.75% of the company’s stock.
Viveve Medical Company Profile
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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