Sientra Inc. (SIEN) Trading 3% Higher
Sientra Inc. (NASDAQ:SIEN) shares traded up 3% during trading on Tuesday . The company traded as high as $6.97 and last traded at $6.92, with a volume of 103,348 shares changing hands. The stock had previously closed at $6.72.
Separately, Zacks Investment Research lowered Sientra from a “hold” rating to a “sell” rating in a research report on Friday, May 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $28.50.
The firm has a 50-day moving average price of $6.35 and a 200-day moving average price of $7.12. The stock’s market cap is $130.48 million.
Sientra (NASDAQ:SIEN) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.66) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.74) by $0.08. Analysts expect that Sientra Inc. will post ($2.03) earnings per share for the current fiscal year.
A hedge fund recently bought a new position in Sientra stock. Globeflex Capital L P purchased a new stake in Sientra Inc. (NASDAQ:SIEN) during the fourth quarter, Holdings Channel reports. The firm purchased 181,200 shares of the company’s stock, valued at approximately $1,073,000. Globeflex Capital L P owned approximately 1.01% of Sientra at the end of the most recent quarter.
Sientra, Inc is a medical aesthetics company. The Company’s primary products are silicone gel breast implants for use in breast augmentation and breast reconstruction procedures, which it offers in over 190 variations of shapes, sizes and textures. The Company sells its breast implants and breast tissue expanders, or breast products to plastic surgeons.
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