LivaNova (NASDAQ:LIVN) Trading Down 3.9% – Should You Sell?

LivaNova PLC (NASDAQ:LIVN) shares dropped 3.9% during mid-day trading on Monday . The company traded as low as $48.72 and last traded at $49.15. Approximately 196,592 shares changed hands during trading, a decline of 68% from the average daily volume of 619,432 shares. The stock had previously closed at $51.13.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LIVN. Mizuho reduced their target price on LivaNova from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday. The Goldman Sachs Group assumed coverage on shares of LivaNova in a research report on Friday, October 4th. They set a “buy” rating and a $65.00 price objective for the company. Baird R W upgraded shares of LivaNova from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of LivaNova in a research report on Thursday. Finally, Stifel Nicolaus boosted their price objective on LivaNova from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $69.17.

LivaNova Stock Down 3.8 %

The stock’s 50-day moving average price is $51.13 and its two-hundred day moving average price is $53.13. The company has a current ratio of 3.37, a quick ratio of 2.94 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $2.67 billion, a P/E ratio of 121.74 and a beta of 1.01.

Institutional Trading of LivaNova

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in LivaNova by 2.0% during the second quarter. Arizona State Retirement System now owns 15,104 shares of the company’s stock valued at $828,000 after buying an additional 299 shares during the period. State of Michigan Retirement System raised its position in LivaNova by 2.3% during the first quarter. State of Michigan Retirement System now owns 13,211 shares of the company’s stock valued at $739,000 after purchasing an additional 300 shares in the last quarter. Atria Investments Inc lifted its stake in LivaNova by 6.2% during the third quarter. Atria Investments Inc now owns 5,653 shares of the company’s stock worth $297,000 after purchasing an additional 331 shares during the last quarter. Fifth Third Bancorp lifted its position in LivaNova by 97.1% in the 2nd quarter. Fifth Third Bancorp now owns 674 shares of the company’s stock worth $37,000 after buying an additional 332 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in shares of LivaNova by 117.8% during the second quarter. Hexagon Capital Partners LLC now owns 684 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

LivaNova Company Profile

LivaNova PLC, a medical device company, designs, develops, manufactures, and sells therapeutic solutions worldwide. The company operates through Cardiopulmonary, Neuromodulation, and Advanced Circulatory Support segments. The Cardiopulmonary segment develops, produces, and sells cardiopulmonary products, including oxygenators, heart-lung machines, autotransfusion systems, perfusion tubing systems, cannulae, connect, and other related products.