LDR Holding (NASDAQ:LDRH) Receives a Downgrade
BMO Capital Markets has just given shares of LDR Holding (NASDAQ:LDRH)an updated “Market Perform” rating in analysts report revealed to investors and clients on Monday, 14 December. This is a ratings cut from the previous “Outperform” rating that they had set. The broker after the upgrade has a $28.00 target price on company, which suggests the potential for a 16.72% upside.
From a total of 10 analysts covering LDR Holding (NASDAQ:LDRH) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $46 while the lowest target price is $32. The mean of all analyst targets is $37.1 with a 65.91% above today’s ($23.91) stock price. LDR Holding was the topic of 12 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 9 with “Outperform” rating. UBS initiated LDRH stock in a recent report from September 22 with “Buy” rating. Finally, Brean Capital maintained the stock with “Buy” rating in a report issued on an August 4.
Approximately 35,053 shares of stock traded hands. LDR Holding Corp (NASDAQ:LDRH) has declined 35.94% since May 11, 2015 and is downtrending. It has underperformed by 31.52% the S&P500.
The overall sentiment of institutions has increased to 2.05 in Q2 2015. Its up 0.55, from 1.5 in 2015Q2. The ratio improved, as 21 institutions have sold all the shares of LDR Holding Corp that they owned while 23 funds have taken shares off the table. 24 funds have purchased shares for the first time while 66 added to their positions. These institutions now hold 25.94 million shares or 9.58% more than the 23.67 million shares they owned in 2015Q2.
The Fund Nichols Asset Management Llc currently is holding shares equating to 1.86% of its total portfolio in LDR Holding Corp representing a total of 240,717 shares. Another fund,Cupps Capital Management Llc, is holding a total of 295,764 shares equating to 1.36% of their holdings. Additionally, Next Century Growth Investors Llc has a 934,923 share stake in LDR Holding Corp which represents 1.34% of their total portfolio. The Fund, Turner Investments L.P., based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.23% of their total portfolio. Finally Highland Capital Management Lp, a fund which is based in the state of Texas reported a total holdings of 1.10 million shares.
Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of LDR Holding Corp have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $801,440 . Lavigne Christophe sold 20,000 shares worth approximately $801,440. Lalande Kevin M. sold 834 shares worth approximately $37,339. Way Scott E. sold 10,000 shares worth approximately $420,000. Widensohler Stefan K sold 100,000 shares worth approximately $4.02M. The company insider Burrows James sold 1,263 shares worth $49,257.
LDR Holding Corporation is a global medical device company. The company has a market cap of $694.47 million. The Firm is focused on designing and commercializing surgical technologies for the treatment of patients suffering from spine disorders. It currently has negative earnings. The Company’s primary products are based on its VerteBRIDGE fusion and Mobi non-fusion platforms, both of which are designed for applications in the cervical and lumbar spine.
According to Zacks Investment Research, “LDR Holding Corporation is a medical device company focused on designing and commercializing various surgical technologies for the treatment of patients suffering from spine disorders. The Company’s primary products are based on its exclusive VerteBRIDGE(R) fusion and Mobi non-fusion technology platforms that have applications in the cervical and lumbar spine. LDR Holding Corporation is headquartered in Austin, Texas.”