Shares of Paragon 28, Inc. (NYSE:FNA - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 2,066,053 shares were traded during trading, an increase of 143% from the previous session's volume of 851,120 shares.The stock last traded at $13.05 and had previously closed at $13.06.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on FNA shares. Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a "hold" rating and issued a $13.00 target price on shares of Paragon 28 in a report on Wednesday, January 29th. Stephens reissued an "equal weight" rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a report on Thursday, January 30th. Finally, William Blair lowered Paragon 28 from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $14.20.
View Our Latest Stock Analysis on Paragon 28
Paragon 28 Trading Down 0.0 %
The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.60 and a beta of 1.54. The firm's 50-day moving average is $12.32 and its 200 day moving average is $9.52.
Paragon 28 (NYSE:FNA - Get Free Report) last issued 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). The business had revenue of $71.75 million during 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, equities analysts predict that Paragon 28, Inc. will post -0.64 earnings per share for the current fiscal year.
Insider Transactions at Paragon 28
In other news, major shareholder Mvm Partners, Llc sold 27,142 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $11.62, for a total transaction of $315,390.04. Following the completion of the sale, the insider now directly owns 10,313,841 shares in the company, valued at $119,846,832.42. This represents a 0.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 1,875,984 shares of company stock worth $24,359,971 over the last ninety days. 15.32% of the stock is owned by insiders.
Institutional Trading of Paragon 28
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of 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 in the last quarter. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 425,983 shares in the last quarter. First Light Asset Management LLC lifted its stake in Paragon 28 by 4.2% in the fourth quarter. First Light Asset Management LLC now owns 10,580,467 shares of the company's stock valued at $109,296,000 after buying an additional 425,824 shares during the period. Millennium Management LLC bought a new position in shares of Paragon 28 during the 4th quarter worth approximately $3,598,000. Finally, Stonepine Capital Management LLC bought a new stake in shares of Paragon 28 in the 3rd quarter valued at $766,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.
Paragon 28 Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Paragon 28, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paragon 28 wasn't on the list.
While Paragon 28 currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
