Paragon 28, Inc. (NYSE:FNA) Receives Consensus Rating of “Hold” from Analysts

Paragon 28, Inc. (NYSE:FNA) has been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.20.

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

Insider Activity

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of Paragon 28 stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total value of $234,181.68. Following the completion of the sale, the insider now owns 10,366,009 shares in the company, valued at approximately $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 accessible through this link. In the last three months, insiders have sold 65,387 shares of company stock valued at $733,197. Company insiders own 15.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FNA. Venturi Wealth Management LLC purchased a new stake in shares of Paragon 28 in the 4th quarter valued at $36,000. AlphaQuest LLC grew its position in Paragon 28 by 33.6% in the 4th quarter. AlphaQuest LLC now owns 3,680 shares of the company’s stock valued at $38,000 after acquiring an additional 925 shares in the last quarter. State of Wyoming grew its position in Paragon 28 by 37.4% in the 4th quarter. State of Wyoming now owns 4,359 shares of the company’s stock valued at $45,000 after acquiring an additional 1,187 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Paragon 28 during the third quarter worth about $70,000. Finally, Creative Planning acquired a new stake in shares of Paragon 28 during the third quarter worth about $91,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Paragon 28 Stock Performance

NYSE FNA opened at $13.00 on Friday. Paragon 28 has a fifty-two week low of $4.65 and a fifty-two week high of $13.13. The firm has a market capitalization of $1.09 billion, a P/E ratio of -17.56 and a beta of 1.54. The stock’s fifty day moving average is $11.73 and its two-hundred day moving average is $9.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50.

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.