ZimVie (NASDAQ:ZIMV) Stock Rating Upgraded by B. Riley

ZimVie (NASDAQ:ZIMV) was upgraded by equities researchers at B. Riley to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Needham & Company LLC restated a “hold” rating on shares of ZimVie in a report on Wednesday.

ZimVie Trading Down 1.8 %

Shares of ZimVie stock traded down $0.16 on Wednesday, hitting $8.91. The stock had a trading volume of 6,824 shares, compared to its average volume of 226,509. The company has a quick ratio of 1.38, a current ratio of 1.94 and a debt-to-equity ratio of 0.57. ZimVie has a one year low of $8.56 and a one year high of $22.40. The stock’s 50-day simple moving average is $12.06 and its two-hundred day simple moving average is $13.54. The stock has a market cap of $248.01 million, a price-to-earnings ratio of -0.68 and a beta of 2.14.

ZimVie (NASDAQ:ZIMV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. ZimVie had a negative net margin of 77.31% and a positive return on equity of 2.90%. The firm had revenue of $111.52 million for the quarter, compared to analysts’ expectations of $113.67 million. As a group, sell-side analysts predict that ZimVie will post 0.6 EPS for the current year.

Institutional Trading of ZimVie

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in ZimVie by 5.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,127 shares of the company’s stock worth $211,000 after purchasing an additional 836 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in ZimVie by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 100,638 shares of the company’s stock worth $1,404,000 after buying an additional 943 shares during the period. Rhumbline Advisers boosted its position in ZimVie by 3.0% during the 4th quarter. Rhumbline Advisers now owns 45,214 shares of the company’s stock valued at $631,000 after acquiring an additional 1,303 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of ZimVie by 15.7% during the 4th quarter. SG Americas Securities LLC now owns 11,110 shares of the company’s stock worth $155,000 after acquiring an additional 1,508 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of ZimVie by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 19,054 shares of the company’s stock worth $266,000 after acquiring an additional 1,702 shares during the period. Institutional investors own 95.63% of the company’s stock.

About ZimVie

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.