This trade activity should not be overlooked: Sientra Inc. (SIEN)

Sientra Inc. (NASDAQ: SIEN) stock jumped 31.13% on Friday to $1.39 against a previous-day closing price of $1.06. With 1.21 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.73 million shares. During the session, the Medical Devices company that operates in wider Healthcare sector, reached to the highest price of $1.4200 whereas the lowest price it dropped to was $1.0201. The 52-week range on SIEN shows that it touched its highest point at $7.92 and its lowest point at $0.70 during that stretch. It currently has a 1-year price target of $6.33. Beta for the stock currently stands at 1.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SIEN was up-trending over the past week, with a rise of 87.84%, but this was up by 59.95% over a month. Three-month performance surged to 2.96% while six-month performance fell -47.15%. The stock lost -82.04% in the past year, while it has lost -62.13% so far this year. A look at the trailing 12-month EPS for SIEN yields -0.39 with Next year EPS estimates of -0.75. For the next quarter, that number is -0.23. This implies an EPS growth rate of 18.00% for this year and 18.50% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.00%.

Float and Shares Shorts:

At present, 62.33 million SIEN shares are outstanding with a float of 60.74 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.69 million, which was 20.26% higher than short shares on Jun 14, 2022. In addition to Mr. Ronald Menezes as the firm’s Pres, CEO & Director, Mr. Andrew C. Schmidt serves as its Sr. VP, Treasurer & CFO.

Institutional Ownership:

Through their ownership of 78.56% of SIEN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.22% of SIEN, in contrast to 25.73% held by mutual funds. Shares owned by individuals account for 17.95%. As the largest shareholder in SIEN with 5.41% of the stake, BlackRock Fund Advisors holds 3,390,516 shares worth 3,390,516. A second-largest stockholder of SIEN, Morgan Stanley & Co. LLC, holds 3,102,394 shares, controlling over 4.95% of the firm’s shares. Senvest Management LLC is the third largest shareholder in SIEN, holding 3,086,039 shares or 4.93% stake. With a 3.78% stake in SIEN, the Baron Discovery Fund is the largest stakeholder. A total of 2,365,363 shares are owned by the mutual fund manager. The Needham Small Cap Growth Fund, which owns about 3.51% of SIEN stock, is the second-largest Mutual Fund holder. It holds 2,195,850 shares valued at 1.84 million. Vanguard Total Stock Market Index holds 2.74% of the stake in SIEN, owning 1,714,886 shares worth 1.44 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SIEN since 7 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SIEN analysts setting a high price target of $10.00 and a low target of $4.00, the average target price over the next 12 months is $6.33. Based on these targets, SIEN could surge 619.42% to reach the target high and rise by 187.77% to reach the target low. Reaching the average price target will result in a growth of 355.4% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SIEN will report FY 2022 earnings on 03/14/2023. Analysts have provided yearly estimates in a range of -$0.86 being high and -$0.97 being low. For SIEN, this leads to a yearly average estimate of -$0.92. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sientra Inc. surprised analysts by -$0.05 when it reported -$0.29 EPS against a consensus estimate of -$0.24. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.20 and the low estimate is -$0.28. The average estimate for the next quarter is thus -$0.23.

Summary of Insider Activity:

Insiders traded SIEN stock several times over the past three months with 6 Buys and 1 Sells. In these transactions, 619,836 shares were bought while 5,249 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 1,168,534 while 123,020 shares were sold.

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