LivaNova (NASDAQ:LIVN) Stock Gets Downgrade from Wall Street Zen

LivaNova (NASDAQ:LIVN) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on LIVN. Needham & Company LLC increased their price target on LivaNova from $93.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Barclays raised shares of LivaNova to a “strong-buy” rating in a research note on Wednesday, October 7th. Raymond James Financial set a $120.00 price objective on shares of LivaNova in a research report on Wednesday. Piper Sandler restated an “overweight” rating and set a $90.00 price objective (up from $87.00) on shares of LivaNova in a research report on Wednesday, September 2nd. Finally, Robert W. Baird raised their target price on shares of LivaNova from $95.00 to $111.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.56.

LivaNova Price Performance

LivaNova stock opened at $89.99 on Friday. The stock has a 50 day moving average of $79.27 and a two-hundred day moving average of $73.54. LivaNova has a twelve month low of $49.73 and a twelve month high of $99.38. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 30.00 and a beta of 0.91. The company has a current ratio of 1.46, a quick ratio of 1.22 and a debt-to-equity ratio of 0.22.

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

Insider Activity at LivaNova

In other news, Director Brooke Story sold 2,300 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $81.42, for a total transaction of $187,266.00. Following the completion of the transaction, the director directly owned 7,488 shares of the company’s stock, valued at approximately $609,672.96. This represents a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francesco Bianchi sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $78.01, for a total value of $273,035.00. Following the completion of the sale, the director directly owned 4,434 shares of the company’s stock, valued at $345,896.34. This represents a 44.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,450 shares of company stock worth $591,839 in the last quarter. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LIVN. Allworth Financial LP increased its holdings in LivaNova by 93.5% in the second quarter. Allworth Financial LP now owns 298 shares of the company’s stock valued at $25,000 after buying an additional 144 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of LivaNova during the 3rd quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its position in shares of LivaNova by 59.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 452 shares of the company’s stock valued at $35,000 after acquiring an additional 169 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of LivaNova during the 2nd quarter worth approximately $37,000. Finally, Sterling Capital Management LLC boosted its stake in shares of LivaNova by 34.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,261 shares of the company’s stock worth $96,000 after acquiring an additional 324 shares in the last quarter. Institutional investors and hedge funds own 97.64% of the company’s stock.

LivaNova Company Profile