Zimmer Biomet Holdings (ZBH) Receives a Buy from Needham

In a report released today, Michael Matson from Needham reiterated a Buy rating on Zimmer Biomet Holdings (ZBHResearch Report), with a price target of $143.00. The company’s shares closed last Monday at $113.94.

According to, Matson is a 4-star analyst with an average return of 6.8% and a 50.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Lucid Diagnostics.

Currently, the analyst consensus on Zimmer Biomet Holdings is a Hold with an average price target of $139.27.

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The company has a one-year high of $180.36 and a one-year low of $116.60. Currently, Zimmer Biomet Holdings has an average volume of 1.75M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZBH in relation to earlier this year.

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Zimmer Biomet Holdings, Inc. is a musculoskeletal healthcare company. The company engages in designing, manufacturing and marketing orthopedic reconstructive products; biologics, sports medicine, extremities and trauma products; spine, dental implants, bone healing, craniomaxillofacial and thoracic products; and related surgical products.

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