Mizuho restated their buy rating on shares of Viveve Medical (NASDAQ:VIVE) in a research note released on Thursday morning. Mizuho currently has a $10.00 price objective on the stock.
VIVE has been the topic of several other research reports. ValuEngine downgraded Viveve Medical from a sell rating to a strong sell rating in a report on Friday, December 1st. Northland Securities initiated coverage on Viveve Medical in a research note on Friday, January 5th. They set an outperform rating and a $8.00 target price on the stock. Ladenburg Thalmann Financial Services reaffirmed a buy rating on shares of Viveve Medical in a research note on Thursday, January 4th. Finally, Cowen set a $11.00 target price on Viveve Medical and gave the company a buy rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $10.00.
Shares of Viveve Medical (VIVE) traded up $0.03 during midday trading on Thursday, hitting $4.27. The company had a trading volume of 39,509 shares, compared to its average volume of 156,637. The company has a market cap of $83.53 and a P/E ratio of -1.99. Viveve Medical has a 1-year low of $3.75 and a 1-year high of $11.16. The company has a current ratio of 3.89, a quick ratio of 3.63 and a debt-to-equity ratio of 2.72.
Viveve Medical (NASDAQ:VIVE) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.08). The company had revenue of $4.07 million during the quarter, compared to the consensus estimate of $4.10 million. Viveve Medical had a negative return on equity of 275.77% and a negative net margin of 257.58%. The company’s revenue for the quarter was up 120.1% on a year-over-year basis. During the same period last year, the business posted ($0.46) EPS. equities research analysts forecast that Viveve Medical will post -2.05 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in VIVE. Vanguard Group Inc. raised its stake in shares of Viveve Medical by 135.4% in the 2nd quarter. Vanguard Group Inc. now owns 450,142 shares of the company’s stock worth $3,232,000 after buying an additional 258,912 shares in the last quarter. RTW Investments LP raised its stake in shares of Viveve Medical by 18.8% in the 3rd quarter. RTW Investments LP now owns 1,473,028 shares of the company’s stock worth $7,719,000 after buying an additional 233,585 shares in the last quarter. State Street Corp bought a new stake in shares of Viveve Medical in the 2nd quarter worth $1,282,000. Northern Trust Corp bought a new stake in shares of Viveve Medical in the 2nd quarter worth $1,169,000. Finally, ING Groep NV raised its stake in shares of Viveve Medical by 93.7% in the 3rd quarter. ING Groep NV now owns 325,000 shares of the company’s stock worth $1,703,000 after buying an additional 157,200 shares in the last quarter. 66.89% of the stock is currently owned by hedge funds and other institutional investors.
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About Viveve Medical
Viveve Medical, Inc designs, develops, manufactures and markets a medical device, Geneveve, for the non-invasive treatment of vaginal laxity, for improved sexual function, and for vaginal rejuvenation. The Company’s, Geneveve, is a non-invasive solution for vaginal laxity, which includes three components: the Viveve System (a radio frequency (RF), generator housed in a table-top console), a reusable handpiece and a single-use treatment tip, as well as several other consumable accessories.
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