ZimVie Inc. (NASDAQ:ZIMV) Receives $17.75 Consensus Target Price from Brokerages

Shares of ZimVie Inc. (NASDAQ:ZIMV) have been given a consensus recommendation of “Reduce” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.75.

A number of brokerages recently weighed in on ZIMV. Weiss Ratings restated a “sell (d-)” rating on shares of ZimVie in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of ZimVie from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 18th. B. Riley downgraded shares of ZimVie from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Thursday, July 31st. Finally, Barclays upgraded shares of ZimVie from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $9.00 to $19.00 in a research report on Tuesday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its position in ZimVie by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 1,332,890 shares of the company’s stock worth $14,435,000 after acquiring an additional 22,075 shares during the period. American Century Companies Inc. raised its position in ZimVie by 11.6% in the second quarter. American Century Companies Inc. now owns 770,759 shares of the company’s stock worth $7,207,000 after acquiring an additional 80,084 shares during the period. Gamco Investors INC. ET AL raised its position in ZimVie by 20.1% in the second quarter. Gamco Investors INC. ET AL now owns 764,250 shares of the company’s stock worth $7,146,000 after acquiring an additional 127,909 shares during the period. Millennium Management LLC raised its position in ZimVie by 7.7% in the first quarter. Millennium Management LLC now owns 707,771 shares of the company’s stock worth $7,644,000 after acquiring an additional 50,805 shares during the period. Finally, Geode Capital Management LLC raised its position in ZimVie by 1.5% in the second quarter. Geode Capital Management LLC now owns 666,745 shares of the company’s stock worth $6,235,000 after acquiring an additional 10,073 shares during the period. 95.63% of the stock is currently owned by institutional investors.

ZimVie Stock Performance

Shares of NASDAQ ZIMV opened at $18.99 on Tuesday. The firm’s 50 day moving average price is $18.93 and its 200-day moving average price is $14.23. The company has a market cap of $535.71 million, a PE ratio of -27.13 and a beta of 2.17. ZimVie has a 52-week low of $8.15 and a 52-week high of $19.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.60 and a current ratio of 2.37.

ZimVie (NASDAQ:ZIMV) last issued its earnings results on Monday, April 1st. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of ($221.45) million for the quarter. ZimVie had a negative net margin of 4.39% and a positive return on equity of 6.37%. On average, equities research analysts expect that ZimVie will post 0.6 EPS for the current fiscal year.

ZimVie Company Profile

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.