LivaNova (NASDAQ:LIVN) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of LivaNova (NASDAQ:LIVN) from a strong-buy rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Mizuho set a $115.00 target price on shares of LivaNova in a research report on Wednesday, November 4th. Raymond James Financial set a $120.00 price objective on shares of LivaNova in a report on Wednesday, November 4th. Stifel Nicolaus set a $85.00 price objective on LivaNova in a research report on Wednesday, August 5th. Robert W. Baird lifted their price objective on LivaNova from $95.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Finally, Weiss Ratings upgraded LivaNova from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 27th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.22.

LivaNova Price Performance

LIVN stock opened at $92.61 on Friday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.81 and a beta of 0.91. The firm’s 50-day moving average price is $79.52 and its two-hundred day moving average price is $73.68. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. LivaNova has a 12-month low of $49.83 and a 12-month high of $99.38.

LivaNova (NASDAQ:LIVN) last posted its earnings results on Wednesday, November 4th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.17. The company had revenue of $393.15 million during the quarter, compared to analyst estimates of $381.13 million. LivaNova had a net margin of 13.01% and a return on equity of 16.10%. LivaNova’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 earnings per share. As a group, equities analysts predict that LivaNova will post 3.79 earnings per share for the current year.

Insider Activity at LivaNova

In other news, Director Francesco Bianchi sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $78.01, for a total value of $273,035.00. Following the sale, the director directly owned 4,434 shares of the company’s stock, valued at $345,896.34. The trade was a 44.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brooke Story sold 2,300 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $81.42, for a total value of $187,266.00. Following the completion of the sale, the director directly owned 7,488 shares in the company, valued at $609,672.96. This trade represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,450 shares of company stock valued at $591,839 over the last quarter. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On LivaNova

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of LivaNova by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,248 shares of the company’s stock valued at $116,067,000 after purchasing an additional 38,320 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of LivaNova by 1,978.8% in the first quarter. Janus Henderson Group PLC now owns 471,379 shares of the company’s stock worth $29,961,000 after buying an additional 448,703 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of LivaNova in the first quarter worth approximately $18,327,000. Sei Investments Co. boosted its holdings in shares of LivaNova by 56.6% in the first quarter. Sei Investments Co. now owns 218,805 shares of the company’s stock worth $13,907,000 after buying an additional 79,088 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in LivaNova by 15.7% during the first quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock valued at $11,631,000 after buying an additional 24,900 shares during the period. Institutional investors own 97.64% of the company’s stock.

About LivaNova