Renaissance Technologies LLC cut its stake in shares of Bioventus Inc. (NASDAQ:BVS – Free Report) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,460 shares of the company’s stock after selling 125,640 shares during the quarter. Renaissance Technologies LLC owned 0.59% of Bioventus worth $4,469,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of BVS. Marshall Wace LLP boosted its position in shares of Bioventus by 0.4% in the 4th quarter. Marshall Wace LLP now owns 288,900 shares of the company’s stock valued at $2,149,000 after purchasing an additional 1,281 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Bioventus by 7.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,048 shares of the company’s stock worth $211,000 after buying an additional 1,538 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Bioventus by 16.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,529 shares of the company’s stock valued at $101,000 after buying an additional 1,887 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Bioventus by 8.2% in the fourth quarter. Deutsche Bank AG now owns 25,138 shares of the company’s stock worth $187,000 after buying an additional 1,908 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of Bioventus by 6.0% in the fourth quarter. Engineers Gate Manager LP now owns 68,889 shares of the company’s stock worth $513,000 after buying an additional 3,909 shares during the period. 62.94% of the stock is owned by institutional investors and hedge funds.
Bioventus Stock Down 8.4%
Bioventus stock opened at $13.98 on Friday. Bioventus Inc. has a twelve month low of $6.26 and a twelve month high of $15.89. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.13 and a current ratio of 1.69. The firm has a market cap of $1.17 billion, a PE ratio of 18.16, a P/E/G ratio of 1.94 and a beta of 0.63. The firm’s 50 day moving average price is $10.70 and its two-hundred day moving average price is $9.66.
Trending Headlines about Bioventus
Here are the key news stories impacting Bioventus this week:
- Positive Sentiment: Bioventus reported second-quarter revenue of $153.2 million, up 4% year over year, while adjusted EPS rose to $0.22 from $0.21 and matched analyst expectations. Pain Treatments revenue increased 11.5%, led by strong Durolane volume growth. Bioventus Reports Second Quarter Financial Results
- Positive Sentiment: GAAP diluted EPS jumped to $0.47 from $0.11, and net income attributable to Bioventus rose to $33.4 million from $7.5 million. However, much of the GAAP improvement was related to the removal of a $24.6 million deferred-tax valuation allowance, rather than underlying operating growth. Bioventus Fiscal Q2 Adjusted Earnings, Revenue Rise; 2026 Guidance Reaffirmed
- Positive Sentiment: The board disclosed an unsolicited acquisition proposal and other expressions of interest and formed an independent committee, advised by Evercore and Latham & Watkins, to evaluate options including a sale. A transaction could provide a takeover premium and is likely supporting investor interest in BVS. $600M Durham company weighs sale as stock soars
- Positive Sentiment: Bioventus reaffirmed 2026 guidance for revenue of $600 million to $610 million, adjusted EPS of $0.75 to $0.79 and operating cash flow of $84 million to $89 million. It also made a $20 million term-loan prepayment, reducing debt and future interest costs. Bioventus outlines 2026 net leverage below 1.5x while board reviews strategic options
- Neutral Sentiment: The strategic review has no timetable and may end with no transaction, leaving BVS exposed to deal-related volatility. Surgical Solutions revenue fell 4.5% and Restorative Therapies revenue declined 2.4%, partly offsetting Pain Treatments growth.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on BVS shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Bioventus in a research note on Tuesday, June 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Bioventus in a research note on Tuesday, June 2nd. Craig Hallum restated a “buy” rating and issued a $18.00 target price on shares of Bioventus in a report on Thursday. Finally, Barrington Research set a $18.00 target price on Bioventus in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Bioventus presently has an average rating of “Buy” and an average price target of $16.25.
Get Our Latest Analysis on Bioventus
Bioventus Company Profile
Bioventus, headquartered in Durham, North Carolina, is a global medical device company specializing in orthobiologic solutions aimed at accelerating healing and improving patient outcomes in musculoskeletal conditions. The company develops and commercializes a portfolio of non‐surgical therapies designed to address bone healing, osteoarthritis pain management and soft tissue repair. Its flagship EXOGEN® Ultrasound Bone Healing System utilizes low‐intensity pulsed ultrasound technology to stimulate bone growth and has been widely used in the management of delayed fractures and nonunions.
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