Paragon 28’s (FNA) “Equal Weight” Rating Reaffirmed at Stephens

Paragon 28 (NYSE:FNA)‘s stock had its “equal weight” rating restated by investment analysts at Stephens in a report issued on Thursday,Benzinga reports. They currently have a $13.00 price objective on the stock, down from their previous price objective of $14.00. Stephens’ target price points to a potential downside of 0.12% from the company’s previous close.

A number of other equities research analysts have also issued reports on FNA. Canaccord Genuity Group reissued a “hold” rating on shares of Paragon 28 in a report on Wednesday. William Blair cut shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Paragon 28 currently has a consensus rating of “Hold” and a consensus price target of $14.60.

Paragon 28 Stock Up 0.2 %

Shares of FNA opened at $13.02 on Thursday. The stock has a 50 day moving average price of $10.48 and a 200 day moving average price of $8.35. 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 stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.57 and a beta of 1.50. Paragon 28 has a one year low of $4.65 and a one year high of $14.79.

Paragon 28 (NYSE:FNA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.01. The firm had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $60.58 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) earnings per share. Equities research analysts forecast that Paragon 28 will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 20,136 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total value of $234,181.68. Following the sale, the insider now owns 10,366,009 shares of the company’s stock, valued at $120,556,684.67. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have sold 300,192 shares of company stock valued at $3,135,086. Corporate insiders own 15.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNA. Ballentine Partners LLC lifted its position in shares of Paragon 28 by 15.0% during the 4th quarter. Ballentine Partners LLC now owns 15,630 shares of the company’s stock worth $161,000 after buying an additional 2,043 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Paragon 28 by 9.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,992 shares of the company’s stock worth $178,000 after acquiring an additional 2,142 shares in the last quarter. Commerce Bank lifted its position in Paragon 28 by 28.5% in the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after acquiring an additional 4,075 shares during the last quarter. Algert Global LLC boosted its stake in Paragon 28 by 12.0% in the second quarter. Algert Global LLC now owns 38,793 shares of the company’s stock valued at $265,000 after acquiring an additional 4,157 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Paragon 28 by 40.1% during the fourth quarter. SG Americas Securities LLC now owns 26,754 shares of the company’s stock worth $276,000 after purchasing an additional 7,653 shares during the last quarter. 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.