Viveve Medical, Inc. (VIVE) Receives Consensus Recommendation of “Buy” from Analysts

Viveve Medical, Inc. (NASDAQ:VIVE) has been given a consensus recommendation of “Buy” by the six analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.40.

Several analysts recently weighed in on the company. Mizuho assumed coverage on Viveve Medical in a research note on Thursday, November 16th. They set a “buy” rating and a $10.00 target price for the company. Cowen set a $11.00 target price on Viveve Medical and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, ValuEngine downgraded Viveve Medical from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.

Viveve Medical (NASDAQ VIVE) traded down $0.06 on Monday, hitting $4.90. The stock had a trading volume of 64,713 shares, compared to its average volume of 180,997. Viveve Medical has a 52 week low of $3.75 and a 52 week high of $11.16. The company has a quick ratio of 3.63, a current ratio of 3.89 and a debt-to-equity ratio of 2.72.

Viveve Medical (NASDAQ:VIVE) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by ($0.08). The company had revenue of $4.07 million for 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 business’s revenue was up 120.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.46) EPS. equities research analysts forecast that Viveve Medical will post -2.04 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers bought a new stake in Viveve Medical during the 2nd quarter valued at approximately $110,000. JPMorgan Chase & Co. bought a new stake in Viveve Medical during the 2nd quarter valued at approximately $151,000. Virtu KCG Holdings LLC bought a new stake in Viveve Medical during the 2nd quarter valued at approximately $169,000. Granahan Investment Management Inc. MA boosted its stake in Viveve Medical by 32.6% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 102,147 shares of the company’s stock valued at $535,000 after purchasing an additional 25,097 shares during the period. Finally, Schwab Charles Investment Management Inc. bought a new stake in Viveve Medical during the 2nd quarter valued at approximately $189,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for Viveve Medical (NASDAQ:VIVE)

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