JPMorgan Chase & Co. Buys 23,733 Shares of Paragon 28, Inc. (NYSE:FNA)

JPMorgan Chase & Co. lifted its holdings in shares of Paragon 28, Inc. (NYSE:FNA - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 808,611 shares of the company's stock after purchasing an additional 23,733 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.97% of Paragon 28 worth $8,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Paragon 28 by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 2,809,109 shares of the company's stock worth $29,018,000 after buying an additional 425,983 shares during the last quarter. State Street Corp lifted its position in Paragon 28 by 2.6% during 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 boosted its holdings in Paragon 28 by 2.5% during the third quarter. Geode Capital Management LLC now owns 967,519 shares of the company's stock valued at $6,464,000 after acquiring an additional 23,167 shares during the period. Wellington Management Group LLP grew its position in shares of Paragon 28 by 7.0% in the third quarter. Wellington Management Group LLP now owns 694,799 shares of the company's stock valued at $4,641,000 after purchasing an additional 45,215 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in shares of Paragon 28 by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 500,094 shares of the company's stock worth $5,166,000 after purchasing an additional 9,079 shares during the period. Institutional investors and hedge funds own 63.57% of the company's stock.

Analysts Set New Price Targets

FNA has been the subject of several research reports. Canaccord Genuity Group set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Needham & Company LLC restated a "hold" rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. William Blair downgraded shares of Paragon 28 from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Finally, Stephens reissued an "equal weight" rating and issued a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Paragon 28 presently has a consensus rating of "Hold" and a consensus price target of $14.20.

Insiders Place Their Bets

In other news, major shareholder Mvm Partners, Llc sold 20,136 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total transaction of $234,181.68. Following the completion of the sale, the insider now owns 10,366,009 shares in the company, valued at $120,556,684.67. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 1,875,984 shares of company stock valued at $24,359,971 in the last 90 days. 15.32% of the stock is currently owned by insiders.

Paragon 28 Price Performance

Shares of FNA traded up $0.00 during trading hours on Friday, hitting $13.09. The stock had a trading volume of 19,380,085 shares, compared to its average volume of 1,067,929. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -17.69 and a beta of 1.47. Paragon 28, Inc. has a 52 week low of $4.65 and a 52 week high of $13.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. The company's fifty day moving average is $13.03 and its two-hundred day moving average is $10.59.

Paragon 28 (NYSE:FNA - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $71.75 million for the quarter, compared to the consensus estimate of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. On average, analysts anticipate that Paragon 28, Inc. will post -0.64 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.