Home Analyst Ratings LivaNova gets a downgrade to Hold from Needham

LivaNova [LIVN] gets a downgrade to Hold from Needham

Needham took its LivaNova [LIVN] rating to the equivalent of Hold, in a research note dated 2021-01-‎‎05. Other analysts also revised their coverage, with Needham’s analysts reiterating the shares to “a ‎Buy” rating in a research note to investors issued in late June. Meanwhile, Needham had maintained ‎its rating on LIVN to the earlier “Buy” rating, in a research note produced for clients October 30, 2019. ‎In addition, there was no change from Needham on February 28, 2019. The rater maintained LIVN to “a ‎Buy” but assigned new target price of $120.

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Is ‎LivaNova PLC [NASDAQ:LIVN] a Good Buy Right Now?

It should be noted that LIVN technical ‎indicators for short, intermediate as well as long term progress have placed an overall average of 100% ‎as Buy. The average signal changed from 100% Buy in the last week and compares with 72% Buy in the ‎past month. Data from LivaNova PLC’s Trend Spotter indicated that the signals were Weakest. The ‎stock current average is 0.47 million shares in the past 20 days and the short term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading volume was 0.49 million shares while the ‎medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and ‎the 100-day average volume stands at 0.5 million shares.


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LIVN Price Performance

On Wall ‎Street, LivaNova PLC [NASDAQ:LIVN] finished Monday’s session down -2.48% at $64.57. The stock ‎went up to $66.57 at the same session while its lowest single day price was $63.39. In the last five days, ‎it saw a fall of about -4.23%, LivaNova PLC shares dropped by almost -2.48% since the beginning of the ‎year. However, the share price has dropped to as low as -20.04% below its one year high. On 01/04/21, ‎the company shares recorded $66.57, the highest single-day price it has got to in the last 52-weeks and ‎a 52-week low was seen on 01/04/21, the same year at $63.39. The company’s shares have declined by ‎‎-10.96% in the past year. The 50-day SMA achieved is $56.82 while the 200-day SMA is $51.03. Volume ‎dropped to 0.34 million from 0.37 million in the previous session.

LIVN Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 63.12 level, ‎and in case of violation of this particular level, it will cause more drop to 61.66 level. On the upper level, ‎‎68.02 is still the key resistance. The stock may increase to the subsequent resistance at 66.30. The ‎Relative Strength Index (RSI) pinned on the 14-day chart is 57.89, implying a neutral technical stance ‎while the MACD stands at -0.56, meaning price will decrease in the next trading period. Percent R ‎indicator moved to 55.28%, implying low price movement. Stochastic %K at 55.41% suggest selling the ‎stock.

What is the short interest in LivaNova PLC?

Short interest in the LivaNova PLC stock ‎has plunged, decreasing by -0.47 million shares to total 3.45 million shares on Dec 14, 2020. The interest ‎had seen shares on Nov 12, 2020 stand at 2.98 million, data from Yahoo Finance shows. The increase of ‎‎13.62% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ‎ratio) moved to while the shorted shares account for just 8.13% of the overall float for the ‎stock.

LivaNova PLC’s Biggest Shareholders: Who Owns LivaNova PLC [LIVN]?

Filings by ‎BlackRock Fund Advisors showed that the firm now holds a total of 5,194,235 shares or roughly 10.69% ‎of the outstanding LIVN shares. This means their shares have reduced by -171,633 from the 5,194,235 ‎the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Harris Associates LP ‎updated stake is worth $202,909,542. Details in the latest 13F filings reveal that PRIMECAP ‎Management Co. acquired their 5.62% stake valued at $198,208,640 while Maverick Capital Ltd. added ‎theirs at $97,682,021. During the last quarter, PRIMECAP Management Co. raised 199,700 of its shares ‎in LivaNova PLC while Maverick Capital Ltd. bought 1,194,346 shares. The Barrow, Hanley, Mewhinney ‎& Strau’s holdings currently number 1,728,710 shares at $111622804.7. According to the firm’s last 13F ‎report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,655,492 shares, ‎roughly $87,492,752.

LIVN Earnings Forecast For The Current Quarter

LivaNova PLC [LIVN] is ‎expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates ‎give the company expected revenues of $269M and an earnings per share of $0.66 for Dec 2020. ‎Looking further ahead, the company is expected to report revenue of $246.47M at an EPS of $0.4 for ‎Mar 2021. The estimates represent downside of 9.10% and 66.58% in the company’s revenue and ‎earnings per share, respectively, on a year-on-year basis.

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LIVN Earnings Estimates For The Current Year

For the ‎financial year, LivaNova PLC [NASDAQ:LIVN] is expected to bring in revenue of $938.7M. The returns ‎are nearly $-141.3 million lower than the company’s actual revenue recorded in the fiscal year 2019. In ‎terms of EPS for the 2020, estimate put it at 1.22, lower than that of FY19 by -$1.86. Estimates put this ‎year’s earnings growth at -60.40%, 66.40% for the next, and at an annual 27.30% over the next 5-year ‎period. As for sales, forecasts are for a decrease of -13.40% in the current fiscal year and a further ‎‎9.10% over the following year.‎

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