Sientra (NASDAQ:SIEN) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Sientra (NASDAQ:SIENGet Rating) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the medical instruments supplier’s stock.

SIEN has been the subject of several other research reports. William Blair downgraded shares of Sientra from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 25th. Craig Hallum decreased their price objective on shares of Sientra to $13.00 in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sientra presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.

Sientra Stock Down 13.0 %

Shares of SIEN opened at $1.79 on Tuesday. The stock has a market cap of $180.78 million, a price-to-earnings ratio of -1.64 and a beta of 1.56. The company has a 50-day moving average price of $2.48 and a two-hundred day moving average price of $5.19. The company has a quick ratio of 0.70, a current ratio of 1.34 and a debt-to-equity ratio of 7.28. Sientra has a 12 month low of $1.61 and a 12 month high of $33.80.

Sientra (NASDAQ:SIENGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The medical instruments supplier reported ($2.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.30) by ($0.10). Sientra had a negative return on equity of 381.27% and a negative net margin of 76.47%. The firm had revenue of $22.57 million for the quarter, compared to the consensus estimate of $21.80 million. Equities analysts predict that Sientra will post -0.86 EPS for the current fiscal year.

Institutional Trading of Sientra

Several large investors have recently added to or reduced their stakes in SIEN. Quent Capital LLC acquired a new position in Sientra during the 4th quarter worth about $63,000. Vanguard Group Inc. grew its stake in Sientra by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,818,074 shares of the medical instruments supplier’s stock worth $1,804,000 after buying an additional 137,670 shares during the last quarter. Evoke Wealth LLC acquired a new stake in Sientra during the 3rd quarter worth approximately $114,000. Mission Wealth Management LP acquired a new stake in shares of Sientra in the 3rd quarter valued at approximately $54,000. Finally, Millennium Management LLC raised its holdings in Sientra by 253.4% during the second quarter. Millennium Management LLC now owns 1,989,323 shares of the medical instruments supplier’s stock worth $1,666,000 after purchasing an additional 1,426,343 shares during the last quarter. 29.77% of the stock is currently owned by hedge funds and other institutional investors.

Sientra Company Profile

(Get Rating)

Sientra, Inc operates as a medical aesthetics company, which engages in developing and commercializing plastic surgery implantable devices. It operates through two reportable segments: Breast Products and miraDry. The Breast Products segment focuses on sales of its breast implants, tissue expanders and scar management products under the brands Sientra, AlloX2, Dermaspan, Softspan and BIOCORNEUM.

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Analyst Recommendations for Sientra (NASDAQ:SIEN)

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