Shares of Paragon 28, Inc. (NYSE:FNA - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 1,843,036 shares were traded during mid-day trading, an increase of 1% from the previous session's volume of 1,828,848 shares.The stock last traded at $13.07 and had previously closed at $12.99.
Analysts Set New Price Targets
A number of analysts have recently commented on the stock. Canaccord Genuity Group set a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Needham & Company LLC restated a "hold" rating and issued a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reissued an "equal weight" rating and issued a $13.00 target price (down from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Finally, William Blair lowered Paragon 28 from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Paragon 28 has an average rating of "Hold" and an average price target of $14.20.
Get Our Latest Stock Report on FNA
Paragon 28 Stock Up 0.1 %
The stock's 50-day moving average is $13.03 and its 200-day moving average is $10.62. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -17.71 and a beta of 1.47.
Paragon 28 (NYSE:FNA - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The company had revenue of $71.75 million during the quarter, compared to the consensus estimate of $70.81 million. On average, analysts anticipate that Paragon 28, Inc. will post -0.64 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $13.04, for a total value of $13,617,606.80. Following the completion of the sale, the insider now directly owns 7,810,588 shares in the company, valued at approximately $101,850,067.52. The trade was a 11.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 1,875,984 shares of company stock worth $24,359,971 in the last quarter. 15.32% of the stock is owned by insiders.
Institutional Trading of Paragon 28
A number of institutional investors have recently made changes to their positions in FNA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Paragon 28 by 3.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,819 shares of the company's stock worth $277,000 after purchasing an additional 820 shares during the period. AlphaQuest LLC lifted its position in Paragon 28 by 33.6% during the fourth quarter. AlphaQuest LLC now owns 3,680 shares of the company's stock valued at $38,000 after buying an additional 925 shares during the period. Rhumbline Advisers boosted its holdings in shares of Paragon 28 by 1.7% during the 4th quarter. Rhumbline Advisers now owns 62,861 shares of the company's stock valued at $649,000 after buying an additional 1,024 shares in the last quarter. State of Wyoming increased its stake in shares of Paragon 28 by 37.4% in the 4th quarter. State of Wyoming now owns 4,359 shares of the company's stock worth $45,000 after acquiring an additional 1,187 shares in the last quarter. Finally, MN Wealth Advisors LLC boosted its stake in Paragon 28 by 1.4% during the fourth quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company's stock worth $873,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 63.57% of the company's stock.
About Paragon 28
(
Get Free Report)
Paragon 28, Inc develops, distributes, and sells foot and ankle surgical systems in the United States and internationally. It offers plating systems, including gorilla plating systems, such as lisfranc, lapidus, lateral column, calcaneus slide, and naviculocuneiform (NC) fusion plating systems; baby gorilla plate-specific screws, navicular fracture plates, and 5th metatarsal hook plates; and silverback plating systems.
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