Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 18,109 Shares

Paragon 28, Inc. (NYSE:FNA - Get Free Report) major shareholder Mvm Partners, Llc sold 18,109 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $10.14, for a total value of $183,625.26. Following the completion of the transaction, the insider now owns 10,481,851 shares of the company's stock, valued at $106,285,969.14. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total value of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The stock was sold at an average price of $10.09, for a total value of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total value of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The stock was sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Stock Down 1.8 %

Paragon 28 stock traded down $0.19 during mid-day trading on Friday, reaching $10.03. The stock had a trading volume of 406,914 shares, compared to its average volume of 609,491. 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, Inc. has a fifty-two week low of $4.65 and a fifty-two week high of $14.79. The stock's 50-day simple moving average is $7.38 and its 200-day simple moving average is $7.37. The firm has a market capitalization of $839.29 million, a PE ratio of -13.55 and a beta of 1.52.

Paragon 28 (NYSE:FNA - Get Free Report) last posted its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $60.58 million. During the same quarter last year, the company earned ($0.10) earnings per share. The company's revenue for the quarter was up 18.0% on a year-over-year basis. On average, sell-side analysts forecast that Paragon 28, Inc. will post -0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FNA. Canaccord Genuity Group decreased their target price on Paragon 28 from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Piper Sandler reaffirmed an "overweight" rating and set a $12.00 target price (down previously from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th. Stephens raised Paragon 28 to a "strong-buy" rating in a research note on Monday. Finally, Needham & Company LLC raised their target price on Paragon 28 from $11.00 to $13.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $15.60.

Institutional Trading of Paragon 28

A number of hedge funds have recently bought and sold shares of FNA. Nisa Investment Advisors LLC raised its stake in shares of Paragon 28 by 46,660.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company's stock valued at $32,000 after buying an additional 4,666 shares during the period. Levin Capital Strategies L.P. bought a new stake in shares of Paragon 28 in the second quarter valued at $68,000. Intech Investment Management LLC bought a new stake in shares of Paragon 28 in the third quarter valued at $70,000. Ballentine Partners LLC bought a new stake in shares of Paragon 28 in the third quarter valued at $91,000. Finally, Creative Planning bought a new stake in shares of Paragon 28 in the third quarter valued at $91,000. 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.

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