Viveve Medical (NASDAQ:VIVE) Given Buy Rating at Mizuho

Mizuho reaffirmed their buy rating on shares of Viveve Medical (NASDAQ:VIVE) in a research note issued to investors on Thursday, February 8th.

“We spoke with the CFO, Scott Durbin post announcement this morning. Scott emphasized that while the discounted price of $3.00 relative to yesterday’s closing ($3.83) was disappointing, the newly raised capital is adequate to support continued business expansion into the end of 2019 and removes a financing overhang. The company is still hopeful in receiving clearance from the FDA to run the sexual dysfunction study by the end of Q1, 2018.”,” Mizuho’s analyst wrote.

A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of Viveve Medical from a sell rating to a strong sell rating in a research note on Friday, December 1st. Cowen set a $11.00 price objective on shares of Viveve Medical and gave the stock a buy rating in a research note on Monday, October 23rd. Northland Securities initiated coverage on shares of Viveve Medical in a research note on Friday, January 5th. They issued an outperform rating and a $8.00 target price for the company. Finally, Ladenburg Thalmann Financial Services reiterated a buy rating on shares of Viveve Medical in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Viveve Medical currently has an average rating of Buy and an average target price of $10.00.

Viveve Medical (VIVE) traded down $0.08 during mid-day trading on Thursday, hitting $4.46. The stock had a trading volume of 510,582 shares, compared to its average volume of 429,397. The company has a debt-to-equity ratio of 2.72, a quick ratio of 3.63 and a current ratio of 3.89. Viveve Medical has a one year low of $3.30 and a one year high of $11.16. The firm has a market cap of $140.37, a P/E ratio of -2.06 and a beta of -0.79.

Several institutional investors and hedge funds have recently made changes to their positions in VIVE. Rhumbline Advisers bought a new position in shares of Viveve Medical during the second quarter worth approximately $110,000. JPMorgan Chase & Co. bought a new position in Viveve Medical in the second quarter valued at approximately $151,000. Virtu KCG Holdings LLC bought a new position in Viveve Medical in the second quarter valued at approximately $169,000. Wells Fargo & Company MN increased its stake in 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 acquiring an additional 21,683 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in Viveve Medical in the second quarter valued at approximately $189,000. 66.98% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Viveve Medical (NASDAQ:VIVE) Given Buy Rating at Mizuho” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/02/17/viveve-medical-vive-rating-reiterated-by-mizuho.html.

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.

Analyst Recommendations for Viveve Medical (NASDAQ:VIVE)

Receive News & Ratings for Viveve Medical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viveve Medical and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply