Paragon 28, Inc. (NYSE:FNA) Given Average Recommendation of “Hold” by Analysts

Shares of Paragon 28, Inc. (NYSE:FNA) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.60.

FNA has been the topic of several recent research reports. Stephens reaffirmed an “equal weight” rating and set a $13.00 target price (down from $14.00) on shares of Paragon 28 in a report on Thursday. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Needham & Company LLC reissued a “hold” rating and issued a $13.00 price objective on shares of Paragon 28 in a research report on Wednesday, January 29th. Finally, Canaccord Genuity Group reissued a “hold” rating on shares of Paragon 28 in a research report on Wednesday, January 29th.

Insider Buying and Selling

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 4,256 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $10.00, for a total transaction of $42,560.00. Following the sale, the insider now owns 10,499,960 shares in the company, valued at $104,999,600. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 300,192 shares of company stock worth $3,135,086. Corporate insiders own 15.32% of the company’s stock.

Institutional Trading of Paragon 28

Large investors have recently modified their holdings of the business. State Street Corp raised its holdings in Paragon 28 by 2.6% in the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after acquiring an additional 39,075 shares during the last quarter. Geode Capital Management LLC raised its holdings in Paragon 28 by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 967,519 shares of the company’s stock worth $6,464,000 after acquiring an additional 23,167 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Paragon 28 by 2,141.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 784,878 shares of the company’s stock worth $5,243,000 after acquiring an additional 749,865 shares during the last quarter. Millennium Management LLC raised its holdings in Paragon 28 by 5,834.0% in the 2nd quarter. Millennium Management LLC now owns 725,489 shares of the company’s stock worth $4,962,000 after acquiring an additional 713,263 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Paragon 28 by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock worth $4,641,000 after acquiring an additional 45,215 shares during the last quarter. 63.57% of the stock is owned by institutional investors.

Paragon 28 Trading Down 0.0 %

Shares of FNA stock opened at $13.03 on Wednesday. The stock’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $8.46. The company has a market cap of $1.09 billion, a PE ratio of -17.60 and a beta of 1.50. Paragon 28 has a fifty-two week low of $4.65 and a fifty-two week high of $14.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.16) 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 $62.30 million for the quarter, compared to the consensus estimate of $60.58 million. During the same quarter last year, the business posted ($0.10) EPS. Paragon 28’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities analysts predict that Paragon 28 will post -0.64 EPS 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.