Bioventus CFO Mark Leonard sells $53,639 in stock

Published 25/03/2025, 22:40
Bioventus CFO Mark Leonard sells $53,639 in stock

Bioventus Inc. (NASDAQ:BVS) reported that its Senior Vice President and Chief Financial Officer, Mark Leonard Singleton, executed a sale of company stock. According to the recent SEC filing, Singleton sold 5,479 shares of Class A Common Stock on March 24, 2025. The shares were sold at a weighted average price of $9.79, generating a total of $53,639. The medical device company, with a market capitalization of $627 million, has seen its stock surge 84% over the past year, significantly outperforming broader market indices.

The transaction was conducted to cover taxes upon the vesting of restricted stock units, as per a standing 10b5-1 instruction adopted on April 4, 2022. Following this sale, Singleton retains ownership of 131,963 shares in Bioventus. According to InvestingPro analysis, while the company is currently trading near its Fair Value, analysts project a return to profitability this year with positive net income growth expected. InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive Pro Research Report, offering deeper analysis of Bioventus’s financial health and growth prospects.

In other recent news, Bioventus Inc. reported fourth-quarter 2024 earnings that exceeded revenue expectations, achieving $154 million against a forecast of $145.16 million. This marks a 14% year-over-year revenue increase, driven by strong performances in the Surgical Solutions and Pain Treatments segments. The company also managed to pay down nearly $50 million in debt, enhancing its financial position. Looking ahead, Bioventus has provided positive guidance for 2025, projecting net sales between $560 million and $570 million, with anticipated organic growth of 6-8%. The company aims for an adjusted EBITDA of $112-$116 million, expecting the highest revenue and EBITDA in the fourth quarter of 2025. Analyst firms such as Craig Hallum and JPMorgan have taken note of Bioventus’s strategic focus on volume-driven growth and its strong market position in the Pain Treatments segment. Additionally, Bioventus is planning to expand its Ultrasonics segment and enhance its international market strategies, signaling continued growth initiatives.

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