Sientra Inc. (NASDAQ:SIEN) shares were down 2.6% during mid-day trading on Thursday . The stock traded as low as $6.98 and last traded at $7.04, with a volume of 69,158 shares changing hands. The stock had previously closed at $7.23.

Separately, Zacks Investment Research cut Sientra from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.50.

The stock’s 50-day moving average is $6.54 and its 200-day moving average is $7.15. The company’s market cap is $128.67 million.

Sientra (NASDAQ:SIEN) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.08. Equities analysts forecast that Sientra Inc. will post ($2.03) EPS for the current fiscal year.

A hedge fund recently bought a new stake in Sientra stock. Globeflex Capital L P purchased a new stake in shares of Sientra Inc. (NASDAQ:SIEN) during the fourth quarter, according to its most recent 13F filing with the SEC. 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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