Paragon 28 (NYSE:FNA) Price Target Raised to $13.00

Paragon 28 (NYSE:FNA) had its price objective increased by equities researchers at Needham & Company LLC from $11.00 to $13.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 73.33% from the stock’s previous close.

Separately, Piper Sandler reissued an “overweight” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Paragon 28 in a report on Friday, August 9th.

Paragon 28 Trading Down 1.7 %

NYSE FNA opened at $7.50 on Wednesday. The company has a market cap of $626.55 million, a PE ratio of -10.87 and a beta of 1.01. The company has a current ratio of 3.57, a quick ratio of 1.70 and a debt-to-equity ratio of 0.75. Paragon 28 has a 12 month low of $4.65 and a 12 month high of $14.79. The stock has a 50 day moving average of $6.29 and a 200-day moving average of $7.20.

Institutional Investors Weigh In On Paragon 28

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in Paragon 28 by 46,660.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company’s stock valued at $32,000 after purchasing an additional 4,666 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in Paragon 28 during the 2nd quarter worth $68,000. Intech Investment Management LLC bought a new position in Paragon 28 during the 3rd quarter worth $70,000. Ballentine Partners LLC bought a new position in Paragon 28 during the 3rd quarter worth $91,000. Finally, Creative Planning bought a new position in Paragon 28 during the 3rd quarter worth $91,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.