Heritage Wealth Advisors Buys 6,910 Shares of ZimVie Inc. (NASDAQ:ZIMV)

Heritage Wealth Advisors grew its holdings in ZimVie Inc. (NASDAQ:ZIMV) by 172,750.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,914 shares of the company’s stock after buying an additional 6,910 shares during the period. Heritage Wealth Advisors’ holdings in ZimVie were worth $114,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ZIMV. Scarborough Advisors LLC acquired a new stake in ZimVie during the 4th quarter worth approximately $28,000. SG Americas Securities LLC lifted its holdings in ZimVie by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 14,152 shares of the company’s stock worth $251,000 after purchasing an additional 3,029 shares during the last quarter. Bailard Inc. acquired a new stake in ZimVie during the 4th quarter worth approximately $254,000. Teton Advisors Inc. acquired a new stake in ZimVie during the 4th quarter worth approximately $266,000. Finally, Boston Partners acquired a new stake in ZimVie during the 4th quarter worth approximately $310,000. 95.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of ZimVie in a report on Tuesday, June 25th.

ZimVie Trading Down 1.0 %

Shares of ZIMV traded down $0.19 during midday trading on Wednesday, hitting $18.94. The company’s stock had a trading volume of 165,058 shares, compared to its average volume of 330,580. ZimVie Inc. has a one year low of $6.52 and a one year high of $20.91. The company has a current ratio of 2.68, a quick ratio of 2.23 and a debt-to-equity ratio of 1.32. The company’s fifty day simple moving average is $16.99 and its two-hundred day simple moving average is $17.22.

ZimVie (NASDAQ:ZIMV) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.08 earnings per share for the quarter. The business had revenue of $118.20 million for the quarter. ZimVie had a positive return on equity of 2.01% and a negative net margin of 56.31%. During the same period last year, the company posted $0.25 earnings per share. Equities analysts predict that ZimVie Inc. will post 0.63 EPS for the current year.

ZimVie 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.