LivaNova (LIVN) Gets a Buy Rating from Needham

Needham analyst Michael Matson reiterated a Buy rating on LivaNova (LIVNResearch Report) today and set a price target of $88.00. The company’s shares closed last Wednesday at $62.99.

According to TipRanks.com, Matson is a 4-star analyst with an average return of 3.8% and a 48.2% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

Currently, the analyst consensus on LivaNova is a Moderate Buy with an average price target of $93.50.

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Based on LivaNova’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $240 million and net profit of $2.99 million. In comparison, last year the company earned revenue of $248 million and had a GAAP net loss of $30.76 million.

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LivaNova Plc is a global medical technology company, which engages in the development and delivery of important therapeutic solutions for the benefit of patients, healthcare professionals and healthcare systems. It operates through the following segments: Cardiovascular, Neuromodulation, and Others. The Cardiovascular segment develops, produces, and sells cardiopulmonary products, heart valves, and advanced circulatory support products. The Neuromodulation segment designs and markets NM-based medical devices for the treatment of epilepsy, depression, and obstructive sleep apnea. The Other segment consists of company’s shared service expenses for finance, legal, human resources, information technology, and new ventures. Its products include VNS therapy system. oxygenators, heart-lung machines, autotransfusion systems, perfusion tubing systems, and cannulae. The company was founded on February 20, 2015 and is headquartered in London, the United Kingdom.

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