LivaNova PLC (NASDAQ:LIVN) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently commented on LIVN. BidaskClub downgraded shares of LivaNova PLC from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Berenberg Bank restated a “buy” rating and set a $70.00 price objective on shares of LivaNova PLC in a research report on Friday, August 11th. WBB Securities downgraded shares of LivaNova PLC from a “hold” rating to a “sell” rating and set a $50.00 price objective on the stock. in a research report on Tuesday, August 15th. Needham & Company LLC started coverage on shares of LivaNova PLC in a research report on Wednesday, August 23rd. They set a “hold” rating on the stock. Finally, Jefferies Group LLC assumed coverage on shares of LivaNova PLC in a research report on Friday, September 8th. They set a “buy” rating and a $76.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $71.50.

LivaNova PLC (NASDAQ:LIVN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.17. The business had revenue of $309.70 million for the quarter, compared to analysts’ expectations of $301.22 million. LivaNova PLC had a net margin of 2.26% and a return on equity of 9.08%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS.

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In other LivaNova PLC news, Director Daniel Jeffrey Moore sold 1,000 shares of LivaNova PLC stock in a transaction on Friday, September 15th. The shares were sold at an average price of $68.55, for a total value of $68,550.00. Following the sale, the director now directly owns 57,296 shares in the company, valued at approximately $3,927,640.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 3,000 shares of company stock worth $203,890. 0.28% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of LivaNova PLC by 9.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,707 shares of the company’s stock worth $105,000 after buying an additional 153 shares during the last quarter. Texas Permanent School Fund increased its holdings in shares of LivaNova PLC by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 31,658 shares of the company’s stock worth $1,938,000 after buying an additional 265 shares during the last quarter. State Treasurer State of Michigan increased its holdings in shares of LivaNova PLC by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 17,900 shares of the company’s stock worth $1,096,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of LivaNova PLC by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 18,300 shares of the company’s stock worth $1,120,000 after buying an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of LivaNova PLC by 3.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the company’s stock worth $692,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 82.28% of the company’s stock.

About LivaNova PLC

LivaNova PLC is a medical device company focused on the development and delivery of therapeutic solutions. The Company’s segments include Cardiac Surgery, Cardiac Rhythm Management, Neuromodulation and Other. The Cardiac Surgery segment is engaged in the development, production and sale of cardiovascular surgery products.

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Analyst Recommendations for LivaNova PLC (NASDAQ:LIVN)

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