Needham & Company LLC Reiterates Hold Rating for ZimVie (NASDAQ:ZIMV)

ZimVie (NASDAQ:ZIMV - Get Free Report)'s stock had its "hold" rating reissued by Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports.

ZimVie Stock Down 1.0 %

ZimVie stock traded down $0.09 during mid-day trading on Wednesday, reaching $9.06. The stock had a trading volume of 30,309 shares, compared to its average volume of 225,646. The company has a market capitalization of $252.29 million, a price-to-earnings ratio of -0.69 and a beta of 2.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.94 and a quick ratio of 1.38. ZimVie has a one year low of $8.56 and a one year high of $22.40. The company has a 50-day moving average price of $11.97 and a two-hundred day moving average price of $13.48.

ZimVie (NASDAQ:ZIMV - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.27 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. On average, analysts expect that ZimVie will post 0.6 EPS for the current fiscal year.

Institutional Trading of ZimVie

Institutional investors have recently made changes to their positions in the stock. J. Goldman & Co LP lifted its position in ZimVie by 167.5% during the fourth quarter. J. Goldman & Co LP now owns 1,425,810 shares of the company's stock valued at $19,890,000 after purchasing an additional 892,785 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ZimVie by 9.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,244,938 shares of the company's stock valued at $17,367,000 after buying an additional 107,461 shares during the period. Geode Capital Management LLC boosted its stake in shares of ZimVie by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 646,564 shares of the company's stock worth $10,263,000 after buying an additional 15,053 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of ZimVie by 23.9% in the fourth quarter. American Century Companies Inc. now owns 628,050 shares of the company's stock worth $8,761,000 after acquiring an additional 121,053 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in ZimVie by 15.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 519,112 shares of the company's stock valued at $7,242,000 after acquiring an additional 68,176 shares during the last quarter. Hedge funds and other institutional investors own 95.63% of the company's stock.

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.