Sargent Investment Group LLC Buys Shares of 30,000 Viveve Medical Inc (VIVE)

Sargent Investment Group LLC bought a new stake in shares of Viveve Medical Inc (NASDAQ:VIVE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 30,000 shares of the company’s stock, valued at approximately $32,000.

Separately, Bank of New York Mellon Corp raised its position in Viveve Medical by 266.6% in the 4th quarter. Bank of New York Mellon Corp now owns 45,223 shares of the company’s stock valued at $47,000 after purchasing an additional 32,888 shares during the last quarter. 56.54% of the stock is currently owned by institutional investors.

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Several brokerages have issued reports on VIVE. ValuEngine downgraded Viveve Medical from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Raymond James cut their price objective on Viveve Medical from $4.50 to $3.00 and set an “outperform” rating for the company in a research report on Wednesday, December 12th. Craig Hallum set a $1.00 price objective on Viveve Medical and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Maxim Group reiterated a “buy” rating on shares of Viveve Medical in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Viveve Medical presently has a consensus rating of “Buy” and an average price target of $5.20.

Shares of VIVE stock traded up $0.05 on Tuesday, reaching $1.03. 250 shares of the stock were exchanged, compared to its average volume of 132,244. The company has a market cap of $32.80 million, a P/E ratio of -0.48 and a beta of 0.80. Viveve Medical Inc has a one year low of $0.93 and a one year high of $4.40. The company has a quick ratio of 3.20, a current ratio of 3.72 and a debt-to-equity ratio of 3.42.

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Viveve Medical Profile

Viveve Medical, Inc designs, develops, manufactures, and markets medical devices for the non-invasive treatment of various post-partum conditions. The company offers Viveve System, a radio frequency generator, a reusable hand piece, and single-use treatment tip, as well as other consumable accessories.

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