Paragon 28, Inc. (NYSE:FNA) Given Consensus Rating of “Hold” by Brokerages

Paragon 28, Inc. (NYSE:FNA) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $14.20.

A number of equities research analysts have recently commented on FNA shares. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Stephens reiterated 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. Finally, Canaccord Genuity Group set a $13.00 price objective on shares of Paragon 28 in a report on Wednesday, January 29th.

Insider Activity

In related news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of Paragon 28 stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $13.04, for a total value of $13,617,606.80. Following the sale, the insider now owns 7,810,588 shares of the company’s stock, valued at approximately $101,850,067.52. The trade was a 11.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,875,984 shares of company stock worth $24,359,971 over the last ninety days. Insiders own 15.32% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Venturi Wealth Management LLC acquired a new position in shares of Paragon 28 during the 4th quarter worth approximately $36,000. AlphaQuest LLC grew its stake in shares of Paragon 28 by 33.6% in the fourth quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock valued at $38,000 after buying an additional 925 shares in the last quarter. State of Wyoming increased its holdings 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. Intech Investment Management LLC bought a new stake in Paragon 28 during the third quarter worth $70,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Paragon 28 in the fourth quarter valued at $94,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Paragon 28 Stock Up 0.0 %

Shares of NYSE:FNA opened at $13.02 on Thursday. The company has a 50 day moving average price of $12.73 and a two-hundred day moving average price of $9.79. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The company has a market capitalization of $1.09 billion, a PE ratio of -17.59 and a beta of 1.54. Paragon 28 has a 52 week low of $4.65 and a 52 week high of $13.13.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $71.75 million during the quarter, compared to the consensus estimate of $70.81 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. Analysts forecast that Paragon 28 will post -0.64 earnings per share for the current year.

About Paragon 28

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.