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Zimmer Biomet gains as investors weigh analyst optimism and prior guidance lift

Investivoq PriceTracker

Zimmer Biomet Holdings (ZBH) is up 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: A clear single-day catalyst is not obvious, but the move appears tied to improving sentiment around Zimmer Biomet’s growth outlook. This could be because investors are revisiting the company’s raised 2026 guidance and a recent analyst note that highlighted additional revenue potential from its iodine-coated hip implant launch in Japan.

Details:

  • Zimmer Biomet’s investor calendar shows its third-quarter 2026 results are scheduled for November 4, keeping attention on the next earnings update.
  • In its most recent quarterly release, the company reported second-quarter 2026 sales growth and raised its full-year revenue and adjusted earnings outlook.
  • A recent analyst note kept a neutral-style rating but pointed to a meaningful long-term opportunity in Japan for the company’s iodine-coated hip implant platform.
  • Recent SEC activity included an insider Form 4 filing, but that disclosure does not appear large enough on its own to explain a gain of this size.

    • Sources:

    Zimmer Biomet, SEC, Investing.com, Stock Analysis

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ZBH Insider Trading Activity

    $ZBH insiders have traded $ZBH stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

    Here’s a breakdown of recent trading of $ZBH stock by insiders over the last 6 months:

    • KEVIN R THORNAL (Grp Pres-Global Business) sold 5,691 shares for an estimated $528,978
    • SANG YI (Group President, Asia Pacific) has made 0 purchases and 2 sales selling 5,000 shares for an estimated $413,216.
    • CHAD F PHIPPS (See remarks below.) sold 3,000 shares for an estimated $295,050

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ZBH Hedge Fund Activity

    We have seen 381 institutional investors add shares of $ZBH stock to their portfolio, and 383 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FRANKLIN RESOURCES INC removed 5,103,543 shares (-93.6%) from their portfolio in Q2 2026, for an estimated $439,364,016
    • PRICE T ROWE ASSOCIATES INC /MD/ removed 3,202,555 shares (-40.0%) from their portfolio in Q2 2026, for an estimated $275,707,959
    • CAPITAL INTERNATIONAL INVESTORS added 3,064,392 shares (+33.6%) to their portfolio in Q2 2026, for an estimated $263,813,507
    • UBS GROUP AG added 1,385,250 shares (+100.9%) to their portfolio in Q2 2026, for an estimated $119,256,172
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,377,103 shares (+inf%) to their portfolio in Q2 2026, for an estimated $118,554,797
    • VICTORY CAPITAL MANAGEMENT INC removed 1,325,043 shares (-53.5%) from their portfolio in Q2 2026, for an estimated $114,072,951
    • AMERICAN CENTURY COMPANIES INC removed 1,218,743 shares (-30.8%) from their portfolio in Q2 2026, for an estimated $104,921,584

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ZBH Government Contracts

    We have seen $10,355,879 of award payments to $ZBH over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • BASE PLUS TWO YEAR SERVICE AGREEMENT. ROSA KNEE PREMIUM AND LITE WARRANTY: $197,500
    • 4571007457!ROSA 6 MONTH USAGE: $114,000
    • PREVENTIVE MAINTENANCE AND REPAIR SERVICE FOR ROSA ONE BRAIN SYSTEM: $98,000
    • ROSA KNEE WARRANTY SERVICES: $97,500

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $ZBH Price Targets

    Multiple analysts have issued price targets for $ZBH recently. We have seen 9 analysts offer price targets for $ZBH in the last 6 months, with a median target of $95.0.

    Here are some recent targets:

    • Vik Chopra from BMO Capital set a target price of $95.0 on 07/09/2026
    • Vijay Kumar from Evercore ISI Group set a target price of $110.0 on 07/06/2026
    • Joanne Wuensch from Citigroup set a target price of $93.0 on 05/28/2026
    • Richard Newitter from Truist Securities set a target price of $92.0 on 04/29/2026
    • Rick Wise from Stifel set a target price of $105.0 on 04/29/2026
    • David Turkaly from Citizens set a target price of $105.0 on 04/29/2026
    • Larry Biegelsen from Wells Fargo set a target price of $90.0 on 04/29/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.