Envista (NASDAQ:NVST) Shares Gap Down to $28.38

Envista Holdings Corporation (NASDAQ:NVST) gapped down prior to trading on Friday . The stock had previously closed at $30.00, but opened at $28.38. Envista shares last traded at $27.83, with a volume of 6,025,400 shares trading hands.

Several analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Envista in a research report on Monday, October 14th. They issued a “neutral” rating for the company. Credit Suisse Group assumed coverage on shares of Envista in a research report on Monday, October 14th. They issued a “neutral” rating and a $30.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Envista in a research report on Monday, October 14th. They issued an “overweight” rating and a $32.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Envista in a research report on Monday, October 14th. They issued a “buy” rating and a $34.00 price target for the company. Finally, William Blair assumed coverage on shares of Envista in a research report on Monday, October 14th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Envista has an average rating of “Buy” and an average target price of $32.50.

The stock has a fifty day simple moving average of $28.37.

Envista (NASDAQ:NVST) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $669.45 million. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis.

In other news, CFO Howard H. Yu acquired 2,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $22.00 per share, with a total value of $44,000.00. Also, CEO Amir Aghdaei acquired 10,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $220,000.00. Insiders have acquired a total of 13,000 shares of company stock worth $286,000 over the last ninety days.

A number of institutional investors and hedge funds have recently bought and sold shares of NVST. Massachusetts Financial Services Co. MA purchased a new position in Envista during the 3rd quarter worth $55,215,000. Eos Focused Equity Management L.P. purchased a new position in Envista during the 3rd quarter worth $1,723,000. Dean Capital Investments Management LLC purchased a new position in Envista during the 3rd quarter worth $598,000. Oppenheimer Asset Management Inc. purchased a new position in Envista during the 3rd quarter worth $218,000. Finally, SG Americas Securities LLC purchased a new position in Envista during the 3rd quarter worth $173,000.

Envista Company Profile (NASDAQ:NVST)

Envista Holdings Corporation manufactures and sells dental products in the United States and internationally. The company's Specialty Products & Technologies segment provides dental implant systems, guided surgery systems, biomaterials, prefabricated and custom-built prosthetics, and dental eye loupes to oral surgeons, prosthodontists, and periodontists under the brands, including Nobel Biocare, Alpha Bio Tec, Implant Direct, Nobel Procera, and Orascoptic; and brackets and wires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products under the Ormco, Insignia, AOA, and Spark brands.

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