Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 20,136 Shares

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 20,136 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total transaction of $234,181.68. Following the sale, the insider now directly owns 10,366,009 shares in the company, valued at $120,556,684.67. The trade was a 0.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Wednesday, December 4th, Mvm Partners, Llc sold 18,109 shares of Paragon 28 stock. The stock was sold at an average price of $10.14, for a total transaction of $183,625.26.
• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total transaction of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The stock was sold at an average price of $10.09, for a total transaction of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total transaction of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The stock was sold at an average price of $10.28, for a total transaction of $1,517,132.68.

Paragon 28 Stock Up 2.8 %

Shares of NYSE:FNA opened at $12.00 on Wednesday. Paragon 28, Inc. has a 52-week low of $4.65 and a 52-week high of $14.79. The firm has a fifty day moving average of $10.45 and a 200 day moving average of $8.32. The firm has a market capitalization of $1.00 billion, a PE ratio of -16.22 and a beta of 1.50. 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 (NYSE:FNA) last announced its earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.01. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The company had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.58 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, research analysts anticipate that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Trading of Paragon 28

Several institutional investors have recently added to or reduced their stakes in FNA. Renaissance Technologies LLC purchased a new stake in Paragon 28 during the second quarter valued at about $419,000. Hsbc Holdings PLC purchased a new stake in Paragon 28 during the second quarter valued at about $104,000. XTX Topco Ltd boosted its position in Paragon 28 by 36.4% during the second quarter. XTX Topco Ltd now owns 22,335 shares of the company’s stock valued at $153,000 after buying an additional 5,963 shares during the period. Sei Investments Co. purchased a new stake in Paragon 28 during the second quarter valued at about $531,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Paragon 28 during the second quarter valued at about $869,000. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNA. Canaccord Genuity Group decreased their price target on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Paragon 28 in a report on Monday, January 13th. Finally, Stephens upgraded shares of Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $15.60.

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.