Bailard Inc. Makes New Investment in ZimVie Inc. (NASDAQ:ZIMV)

Bailard Inc. acquired a new position in shares of ZimVie Inc. (NASDAQ:ZIMV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 14,304 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LSV Asset Management increased its stake in ZimVie by 528.6% during the 3rd quarter. LSV Asset Management now owns 753,029 shares of the company’s stock worth $7,086,000 after acquiring an additional 633,229 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of ZimVie by 8.5% in the 3rd quarter. Acadian Asset Management LLC now owns 730,436 shares of the company’s stock valued at $6,869,000 after purchasing an additional 57,159 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ZimVie by 32.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 628,481 shares of the company’s stock valued at $5,914,000 after purchasing an additional 152,662 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of ZimVie in the 3rd quarter valued at $4,389,000. Finally, Kennedy Capital Management LLC boosted its holdings in shares of ZimVie by 6.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 386,403 shares of the company’s stock valued at $3,636,000 after purchasing an additional 22,175 shares in the last quarter. Institutional investors own 95.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of ZimVie in a report on Thursday, April 11th. Barclays raised their target price on ZimVie from $13.00 to $16.00 and gave the company an “underweight” rating in a report on Tuesday, March 5th.

ZimVie Price Performance

Shares of ZIMV opened at $15.82 on Monday. ZimVie Inc. has a 12 month low of $6.52 and a 12 month high of $20.91. The stock’s 50-day moving average price is $17.03 and its two-hundred day moving average price is $14.62. The company has a quick ratio of 2.32, a current ratio of 2.78 and a debt-to-equity ratio of 1.26.

ZimVie (NASDAQ:ZIMV) last announced its earnings results on Wednesday, February 28th. The company reported $0.10 EPS for the quarter. The firm had revenue of $113.07 million for the quarter. ZimVie had a positive return on equity of 2.44% and a negative net margin of 51.33%.

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.