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

Shares of Paragon 28, Inc. (NYSE:FNA) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $14.20.

FNA has been the subject of a number of analyst reports. Canaccord Genuity Group set a $13.00 target price on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reaffirmed an “equal weight” rating and issued a $13.00 price objective (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC restated a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a report on Wednesday, January 29th.

Insider Buying and Selling

In related news, major shareholder Mvm Partners, Llc sold 1,044,295 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $13.04, for a total transaction of $13,617,606.80. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,875,984 shares of company stock valued at $24,359,971. Company insiders own 15.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Light Asset Management LLC boosted its position in shares of 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 acquiring an additional 425,824 shares during the period. Vanguard Group Inc. grew its position in Paragon 28 by 17.9% in the 4th 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 during the last quarter. State Street Corp increased its holdings in shares of Paragon 28 by 2.6% during the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company’s stock worth $10,443,000 after purchasing an additional 39,075 shares during the period. Geode Capital Management LLC raised its position in shares of Paragon 28 by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 978,832 shares of the company’s stock valued at $10,113,000 after buying an additional 11,313 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Paragon 28 by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 808,611 shares of the company’s stock valued at $8,353,000 after buying an additional 23,733 shares during the period. 63.57% of the stock is owned by institutional investors.

Paragon 28 Price Performance

Shares of NYSE:FNA opened at $13.02 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -17.59 and a beta of 1.47. Paragon 28 has a 1 year low of $4.65 and a 1 year 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. The business has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $10.38.

Paragon 28 (NYSE:FNA) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $71.75 million for the quarter, compared to analysts’ expectations of $70.81 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. As a group, sell-side analysts predict that Paragon 28 will post -0.64 earnings per share for the current fiscal year.

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.