Analysts Set Paragon 28, Inc. (NYSE:FNA) Price Target at $14.20

Paragon 28, Inc. (NYSE:FNA - Get Free Report) has earned a consensus recommendation of "Hold" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.20.

A number of equities research analysts have recently weighed in 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. Needham & Company LLC restated a "hold" rating and issued a $13.00 target price on shares of Paragon 28 in a research report on Wednesday, January 29th. Stephens reiterated an "equal weight" rating and set a $13.00 price target (down from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research note on Wednesday, January 29th.

Paragon 28 Price Performance

NYSE FNA traded down $0.01 on Thursday, hitting $13.03. 943,269 shares of the company's stock were exchanged, compared to its average volume of 874,834. The stock has a 50-day moving average of $12.57 and a 200-day moving average of $9.68. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -17.60 and a beta of 1.54. Paragon 28 has a 52 week low of $4.65 and a 52 week high of $13.13. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79.

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Paragon 28 (NYSE:FNA - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) earnings per share 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 business had revenue of $71.75 million for the quarter, compared to the consensus estimate of $70.81 million. Analysts expect that Paragon 28 will post -0.64 earnings per share for the current year.

Insider Buying and Selling at Paragon 28

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 20,136 shares of Paragon 28 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 approximately $120,556,684.67. The trade was a 0.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 1,875,984 shares of company stock worth $24,359,971. 15.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paragon 28

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Paragon 28 by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,819 shares of the company's stock valued at $277,000 after purchasing an additional 820 shares during the period. AlphaQuest LLC boosted its stake in shares of Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company's stock valued at $38,000 after purchasing an additional 925 shares during the last quarter. Rhumbline Advisers increased its position in shares of Paragon 28 by 1.7% during the fourth quarter. Rhumbline Advisers now owns 62,861 shares of the company's stock worth $649,000 after buying an additional 1,024 shares during the period. State of Wyoming raised its stake in 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 last quarter. Finally, MN Wealth Advisors LLC lifted its holdings in Paragon 28 by 1.4% in the fourth quarter. MN Wealth Advisors LLC now owns 84,535 shares of the company's stock valued at $873,000 after buying an additional 1,200 shares during the period. 63.57% of the stock is currently owned by institutional investors.

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.