Paragon 28, Inc. (NYSE:FNA) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) by 180.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,812 shares of the company's stock after acquiring an additional 54,591 shares during the period. Barclays PLC owned 0.10% of Paragon 28 worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC grew its position in Paragon 28 by 5,834.0% in the 2nd quarter. Millennium Management LLC now owns 725,489 shares of the company's stock valued at $4,962,000 after buying an additional 713,263 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Paragon 28 during the 3rd quarter worth approximately $386,000. First Light Asset Management LLC lifted its holdings in shares of Paragon 28 by 115.0% in the 2nd quarter. First Light Asset Management LLC now owns 8,174,832 shares of the company's stock valued at $55,916,000 after buying an additional 4,371,864 shares during the period. Thrivent Financial for Lutherans grew its holdings in Paragon 28 by 15.4% during the second quarter. Thrivent Financial for Lutherans now owns 1,021,188 shares of the company's stock worth $6,986,000 after acquiring an additional 135,911 shares during the period. Finally, State Street Corp raised its position in Paragon 28 by 2.6% in the third 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 in the last quarter. 63.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $10.00, for a total value of $42,560.00. Following the completion of the sale, the insider now directly owns 10,499,960 shares of the company's stock, valued at approximately $104,999,600. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 252,914 shares of company stock valued at $2,585,514. 15.32% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Paragon 28 from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Canaccord Genuity Group reduced their price target on shares of Paragon 28 from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, November 13th. Finally, Stephens upgraded Paragon 28 to a "strong-buy" rating in a report on Monday, December 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $15.60.

Paragon 28 Price Performance

Shares of FNA stock traded up $0.39 during trading hours on Thursday, hitting $10.72. The company's stock had a trading volume of 495,949 shares, compared to its average volume of 600,948. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $14.79. The stock has a market cap of $897.48 million, a price-to-earnings ratio of -14.49 and a beta of 1.52. The business has a fifty day moving average of $9.15 and a 200-day moving average of $7.77.

Paragon 28 (NYSE:FNA - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $60.58 million. During the same quarter last year, the business posted ($0.10) earnings per share. Paragon 28's revenue was up 18.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Paragon 28, Inc. will post -0.66 EPS for the current 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.