Sientra Inc. (SIEN) Trading Down 2.6%
Shares of Sientra Inc. (NASDAQ:SIEN) dropped 2.6% during mid-day trading on Thursday . The company traded as low as $6.98 and last traded at $7.04, with a volume of 69,158 shares trading hands. The stock had previously closed at $7.23.
Separately, Zacks Investment Research downgraded shares of Sientra from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.50.
The firm has a 50 day moving average price of $6.58 and a 200-day moving average price of $7.16. The firm’s market cap is $129.03 million.
Sientra (NASDAQ:SIEN) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.66) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.74) by $0.08. Analysts anticipate that Sientra Inc. will post ($2.03) earnings per share for the current year.
A hedge fund recently bought a new stake in Sientra stock. Globeflex Capital L P purchased a new position in Sientra Inc. (NASDAQ:SIEN) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 181,200 shares of the company’s stock, valued at approximately $1,073,000. Globeflex Capital L P owned about 1.01% of Sientra at the end of the most recent reporting period.
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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