Maxim Group reissued their buy rating on shares of Viveve Medical (NASDAQ:VIVE) in a report published on Friday, March 16th. The brokerage currently has a $11.00 target price on the stock.
“4Q17 revenue of $5.1M, up 108% y/y, was inline with the preannouncement.”,” Maxim Group’s analyst commented.
Several other analysts also recently issued reports on VIVE. ValuEngine downgraded Viveve Medical from a sell rating to a strong sell rating in a research note on Thursday, March 1st. Mizuho restated a buy rating on shares of Viveve Medical in a report on Thursday, February 8th. Ladenburg Thalmann restated a buy rating on shares of Viveve Medical in a report on Thursday, January 4th. Finally, Northland Securities started coverage on Viveve Medical in a report on Friday, January 5th. They set an outperform rating and a $8.00 price target for the company. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $10.00.
Shares of VIVE traded down $0.10 during mid-day trading on Friday, reaching $3.19. The company had a trading volume of 221,663 shares, compared to its average volume of 301,358. The stock has a market cap of $102.76, a PE ratio of -1.51 and a beta of -0.49. Viveve Medical has a twelve month low of $3.12 and a twelve month high of $11.16. The company has a current ratio of 3.41, a quick ratio of 3.16 and a debt-to-equity ratio of -11.13.
Viveve Medical (NASDAQ:VIVE) last released its quarterly earnings results on Thursday, March 15th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.06). The business had revenue of $5.10 million for the quarter, compared to the consensus estimate of $5.09 million. Viveve Medical had a negative return on equity of 328.38% and a negative net margin of 241.75%. sell-side analysts forecast that Viveve Medical will post -1.44 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Viveve Medical by 135.1% in the fourth quarter. Wells Fargo & Company MN now owns 37,727 shares of the company’s stock valued at $188,000 after buying an additional 21,683 shares in the last quarter. California State Teachers Retirement System acquired a new position in Viveve Medical during the second quarter valued at approximately $190,000. Teachers Advisors LLC acquired a new position in Viveve Medical during the second quarter valued at approximately $196,000. TIAA CREF Investment Management LLC acquired a new position in Viveve Medical during the second quarter valued at approximately $296,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Viveve Medical during the third quarter worth $419,000. Institutional investors own 40.19% of the company’s stock.
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About Viveve Medical
Viveve Medical, Inc designs, develops, manufactures, and markets medical devices for the non-invasive treatment of various post-partum conditions. The company offers Viveve System, a radio frequency generator, a reusable hand piece, and single-use treatment tip, as well as other consumable accessories.
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