ZimVie (NASDAQ:ZIMV) Sees Strong Trading Volume

ZimVie Inc. (NASDAQ:ZIMV) saw an uptick in trading volume on Friday . 415,911 shares traded hands during trading, an increase of 22% from the previous session’s volume of 341,321 shares.The stock last traded at $21.36 and had previously closed at $21.31.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of ZimVie in a research note on Tuesday, June 25th.

ZimVie Stock Up 1.5 %

The company’s fifty day simple moving average is $17.14 and its 200 day simple moving average is $17.26. The firm has a market capitalization of $590.56 million, a P/E ratio of -1.53 and a beta of 2.17. The company has a current ratio of 2.68, a quick ratio of 2.23 and a debt-to-equity ratio of 1.32.

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

Institutional Trading of ZimVie

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its stake in ZimVie by 21.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 761,285 shares of the company’s stock worth $13,513,000 after acquiring an additional 132,804 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of ZimVie by 6.0% during the first quarter. Gamco Investors INC. ET AL now owns 343,717 shares of the company’s stock valued at $5,668,000 after purchasing an additional 19,459 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of ZimVie by 73.1% in the 4th quarter. First Eagle Investment Management LLC now owns 294,673 shares of the company’s stock worth $5,230,000 after purchasing an additional 124,487 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of ZimVie by 0.7% in the 1st quarter. Russell Investments Group Ltd. now owns 281,377 shares of the company’s stock worth $4,640,000 after buying an additional 1,964 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in ZimVie by 8.8% during the 1st quarter. Kennedy Capital Management LLC now owns 240,686 shares of the company’s stock valued at $3,969,000 after buying an additional 19,386 shares in the last quarter. 95.63% of the stock is owned by hedge funds and other institutional investors.

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.