Paragon 28, Inc. (NYSE:FNA) Receives Average Rating of “Hold” from Analysts

Shares of Paragon 28, Inc. (NYSE:FNA) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.20.

A number of equities analysts have recently issued reports on FNA shares. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price (down previously from $14.00) on shares of Paragon 28 in a research report on Thursday, January 30th. Needham & Company LLC reissued a “hold” rating and issued a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group set a $13.00 price objective on Paragon 28 in a research report on Wednesday, January 29th.

Insider Activity

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total transaction of $234,181.68. Following the transaction, the insider now directly owns 10,366,009 shares of the company’s stock, valued at $120,556,684.67. This represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 1,875,984 shares of company stock worth $24,359,971. Insiders own 15.32% of the company’s stock.

Institutional Investors Weigh In On Paragon 28

Several institutional investors have recently added to or reduced their stakes in the business. AlphaCore Capital LLC purchased a new position in shares of Paragon 28 in the 4th quarter valued at approximately $175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Paragon 28 by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,289 shares of the company’s stock valued at $840,000 after purchasing an additional 6,269 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Paragon 28 by 16.8% in the fourth quarter. Squarepoint Ops LLC now owns 29,301 shares of the company’s stock worth $303,000 after buying an additional 4,225 shares during the last quarter. State of Wyoming lifted its stake in shares of Paragon 28 by 37.4% during the fourth quarter. State of Wyoming now owns 4,359 shares of the company’s stock worth $45,000 after buying an additional 1,187 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in shares of Paragon 28 during the fourth quarter valued at $137,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

Paragon 28 Trading Up 0.0 %

Shares of NYSE FNA opened at $13.02 on Thursday. Paragon 28 has a twelve month low of $4.65 and a twelve month high of $13.13. The firm has a market cap of $1.09 billion, a PE ratio of -17.59 and a beta of 1.54. The business has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $9.73. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $71.75 million during the quarter, compared to analysts’ expectations of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. Analysts expect that Paragon 28 will post -0.64 earnings per share for the current fiscal year.

Paragon 28 Company Profile

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.