How Analysts Feel About Sientra, Inc. (SIEN) After Forming Wedge Down Chart Pattern?

Sientra, Inc. (NASDAQ:SIEN) Logo

Investors sentiment increased to 1.38 in 2018 Q4. Its up 0.14, from 1.24 in 2018Q3. It increased, as 16 investors sold Sientra, Inc. shares while 24 reduced holdings. 24 funds opened positions while 31 raised stakes. 26.10 million shares or 8.56% more from 24.04 million shares in 2018Q3 were reported.
Rhumbline Advisers invested in 0% or 30,301 shares. Gilder Gagnon Howe And Co Ltd Company invested 0.22% in Sientra, Inc. (NASDAQ:SIEN). Mutual Of America Cap Mgmt Ltd Co, a New York-based fund reported 130,778 shares. Prelude Cap Management Ltd Liability, a New York-based fund reported 9,233 shares. Barclays Public Ltd Com has 104,879 shares for 0% of their portfolio. Northern Tru Corporation stated it has 302,742 shares or 0% of all its holdings. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Sientra, Inc. (NASDAQ:SIEN). Granahan Mngmt Ma invested 0.29% in Sientra, Inc. (NASDAQ:SIEN). Moreover, Emerald Mutual Fund Advisers Tru has 0.06% invested in Sientra, Inc. (NASDAQ:SIEN). Metropolitan Life Ins holds 0% in Sientra, Inc. (NASDAQ:SIEN) or 8,191 shares. Aqr Management Ltd Liability Company stated it has 0% in Sientra, Inc. (NASDAQ:SIEN). Trexquant Investment Lp has 31,895 shares for 0.03% of their portfolio. Marshall Wace Llp reported 238,644 shares. Alliancebernstein Limited Partnership stated it has 21,500 shares. 421 are held by Us Bancorporation De.

The stock of Sientra, Inc. (SIEN) formed a down wedge with $7.74 target or 8.00 % below today’s $8.41 share price. The 6 months wedge indicates high risk for the $245.69M company. If the $7.74 price target is reached, the company will be worth $19.66 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 1.20% or $0.1 during the last trading session, reaching $8.41. About 122,309 shares traded. Sientra, Inc. (NASDAQ:SIEN) has risen 16.01% since May 8, 2018 and is uptrending. It has outperformed by 11.64% the S&P500.

Sientra, Inc. (NASDAQ:SIEN) Ratings Coverage

Among 6 analysts covering Sientra (NASDAQ:SIEN), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Sientra had 13 analyst reports since March 4, 2019 according to SRatingsIntel. Craig Hallum maintained the shares of SIEN in report on Tuesday, March 26 with “Buy” rating. The rating was maintained by Craig Hallum on Tuesday, March 5 with “Buy”. The firm earned “Buy” rating on Wednesday, March 13 by Stifel Nicolaus. Stephens maintained Sientra, Inc. (NASDAQ:SIEN) on Tuesday, March 26 with “Buy” rating. The firm earned “Buy” rating on Tuesday, March 19 by Canaccord Genuity. The stock of Sientra, Inc. (NASDAQ:SIEN) has “Buy” rating given on Monday, March 4 by Canaccord Genuity. Stephens maintained Sientra, Inc. (NASDAQ:SIEN) on Wednesday, March 13 with “Buy” rating. Maxim Group maintained Sientra, Inc. (NASDAQ:SIEN) rating on Wednesday, March 13. Maxim Group has “Buy” rating and $20 target.

More notable recent Sientra, Inc. (NASDAQ:SIEN) news were published by: Globenewswire.com which released: “Sientra Announces Preliminary Unaudited Fourth Quarter 2018 Net Sales and Appointment of Aesthetic Industry Veteran to Board of Directors – GlobeNewswire” on January 07, 2019, also Globenewswire.com with their article: “Sientra Completes Acquisition of Miramar LabsĀ® Nasdaq:SIEN – GlobeNewswire” published on July 26, 2017, Nasdaq.com published: “Sientra (SIEN) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release – Nasdaq” on May 01, 2019. More interesting news about Sientra, Inc. (NASDAQ:SIEN) were released by: Seekingalpha.com and their article: “Sientra: The Uncertainty Discount Is Too Big – Seeking Alpha” published on December 30, 2015 as well as Seekingalpha.com‘s news article titled: “Sientra, Inc. (SIEN) CEO Jeffrey Nugent on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: November 11, 2018.

Sientra, Inc., a medical aesthetics company, develops and sells medical aesthetics products to plastic surgeons in the United States. The company has market cap of $245.69 million. The firm offers silicone gel breast implants for use in breast augmentation and breast reconstruction procedures; and breast tissue expanders. It currently has negative earnings. It also provides body contouring products; facial and nasal implants; scar management products under the bioCorneum and Silishield brand names; saline-filled breast implant sizers to identify the correct style and size of implants; and non-breast tissue expanders for expanding tissue and skin surface area for burn care and other reconstructive use.

Sientra, Inc. (NASDAQ:SIEN) Institutional Positions Chart

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