LivaNova PLC (NASDAQ:LIVN) Stock Has Consensus Target Price of $87.75 According to Brokerages

LivaNova PLC (NASDAQ:LIVN) has earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $101.22.

LIVN has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on LivaNova from $93.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Barclays boosted their price objective on shares of LivaNova from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Research lowered shares of LivaNova from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Raymond James Financial set a $120.00 price objective on shares of LivaNova in a research note on Wednesday, November 4th. Finally, Jefferies Financial Group restated a “buy” rating on shares of LivaNova in a report on Wednesday, November 4th.

LivaNova Price Performance

Shares of NASDAQ:LIVN opened at $92.61 on Tuesday. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 25.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.46 and a quick ratio of 1.21. The business’s 50 day simple moving average is $79.52 and its 200-day simple moving average is $73.68. LivaNova has a 12 month low of $49.83 and a 12 month high of $99.38.

LivaNova (NASDAQ:LIVN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.17. The firm had revenue of $393.15 million during the quarter, compared to the consensus estimate of $381.13 million. LivaNova had a return on equity of 16.10% and a net margin of 13.01%. LivaNova’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. As a group, equities analysts forecast that LivaNova will post 3.79 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Brooke Story sold 2,300 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $81.42, for a total transaction of $187,266.00. Following the completion of the transaction, the director directly owned 7,488 shares of the company’s stock, valued at $609,672.96. This trade represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Francesco Bianchi sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $78.01, for a total transaction of $273,035.00. Following the transaction, the director directly owned 4,434 shares of the company’s stock, valued at approximately $345,896.34. This trade represents a 44.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,450 shares of company stock worth $591,839 in the last ninety days. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On LivaNova

A number of large investors have recently bought and sold shares of LIVN. Bessemer Group Inc. boosted its holdings in LivaNova by 27.8% in the third quarter. Bessemer Group Inc. now owns 520 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Allworth Financial LP increased its stake in LivaNova by 93.5% during the second quarter. Allworth Financial LP now owns 298 shares of the company’s stock worth $25,000 after acquiring an additional 144 shares during the last quarter. Farther Finance Advisors LLC increased its stake in LivaNova by 59.7% during the third quarter. Farther Finance Advisors LLC now owns 452 shares of the company’s stock worth $35,000 after acquiring an additional 169 shares during the last quarter. State of Michigan Retirement System increased its stake in LivaNova by 1.5% during the first quarter. State of Michigan Retirement System now owns 13,111 shares of the company’s stock worth $833,000 after acquiring an additional 200 shares during the last quarter. Finally, Hohimer Wealth Management LLC raised its holdings in shares of LivaNova by 5.4% in the 3rd quarter. Hohimer Wealth Management LLC now owns 4,277 shares of the company’s stock worth $327,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.

About LivaNova