Viveve Medical (VIVE) Downgraded by ValuEngine

ValuEngine downgraded shares of Viveve Medical (NASDAQ:VIVE) from a sell rating to a strong sell rating in a report issued on Friday.

A number of other research firms have also weighed in on VIVE. Maxim Group reiterated a buy rating and issued a $11.00 price objective on shares of Viveve Medical in a research note on Friday, August 11th. Cowen set a $11.00 price objective on shares of Viveve Medical and gave the company a buy rating in a research note on Monday, October 23rd. Finally, Mizuho began coverage on shares of Viveve Medical in a research note on Thursday, November 16th. They issued a buy rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $10.40.

Shares of Viveve Medical (NASDAQ:VIVE) opened at $5.10 on Friday. 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 1-year low of $3.75 and a 1-year high of $11.16.

Viveve Medical (NASDAQ:VIVE) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.46) EPS. equities analysts forecast that Viveve Medical will post -2.04 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC purchased a new position in Viveve Medical in the 3rd quarter valued at approximately $419,000. Granahan Investment Management Inc. MA grew its stake in Viveve Medical by 32.6% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 102,147 shares of the company’s stock valued at $535,000 after buying an additional 25,097 shares in the last quarter. RTW Investments LP grew its stake in Viveve Medical by 18.8% in the 3rd quarter. RTW Investments LP now owns 1,473,028 shares of the company’s stock valued at $7,719,000 after buying an additional 233,585 shares in the last quarter. ING Groep NV grew its stake in Viveve Medical by 93.7% in the 3rd quarter. ING Groep NV now owns 325,000 shares of the company’s stock valued at $1,703,000 after buying an additional 157,200 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new position in Viveve Medical in the 2nd quarter valued at approximately $190,000. Institutional investors and hedge funds own 67.02% of the company’s stock.

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Viveve Medical Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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