Envista Holdings Corporation (NYSE:NVST) Sees Significant Growth in Short Interest

Envista Holdings Corporation (NYSE:NVST) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 9,691,732 shares, an increase of 32.8% from the March 15th total of 7,296,729 shares. Currently, 6.0% of the shares of the stock are sold short. Based on an average daily volume of 2,379,616 shares, the short-interest ratio is presently 4.1 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NVST shares. Robert W. Baird set a $30.00 price target on shares of Envista in a research note on Friday, February 6th. Weiss Ratings raised shares of Envista from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Stifel Nicolaus set a $31.00 price target on shares of Envista in a research note on Friday, February 6th. UBS Group raised their price target on shares of Envista from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen raised shares of Envista from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 26th. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.69.

Insider Buying and Selling

In other news, SVP Mischa Reis sold 9,675 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $30.00, for a total transaction of $290,250.00. Following the completion of the transaction, the senior vice president owned 32,382 shares of the company’s stock, valued at approximately $971,460. This trade represents a 23.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Envista

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Envista by 317.6% in the third quarter. Farther Finance Advisors LLC now owns 1,349 shares of the company’s stock worth $27,000 after purchasing an additional 1,026 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Envista by 16,711.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,513 shares of the company’s stock worth $31,000 after purchasing an additional 1,504 shares during the period. Allworth Financial LP lifted its stake in shares of Envista by 75.4% in the fourth quarter. Allworth Financial LP now owns 1,805 shares of the company’s stock valued at $39,000 after buying an additional 776 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Envista by 46.1% in the fourth quarter. UMB Bank n.a. now owns 2,017 shares of the company’s stock valued at $44,000 after buying an additional 636 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Envista by 73.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248 shares of the company’s stock valued at $44,000 after buying an additional 949 shares in the last quarter.

Envista Trading Up 3.2%

Shares of NVST traded up $0.87 during trading hours on Friday, hitting $27.81. 1,804,017 shares of the stock were exchanged, compared to its average volume of 2,761,310. Envista has a fifty-two week low of $14.72 and a fifty-two week high of $30.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.38 and a quick ratio of 2.04. The business has a 50-day moving average of $27.16 and a 200-day moving average of $23.41. The firm has a market capitalization of $4.53 billion, a P/E ratio of 99.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98.

Envista (NYSE:NVST) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.06. Envista had a net margin of 1.73% and a return on equity of 6.54%. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 15.0% on a year-over-year basis. Envista has set its FY 2026 guidance at 1.350-1.450 EPS. On average, research analysts expect that Envista will post 1 EPS for the current year.

About Envista

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.