Paragon 28, Inc. (NYSE:FNA) Receives $14.20 Average Price Target from Analysts

Paragon 28, Inc. (NYSE:FNA) has been given an average recommendation of “Hold” by the six analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $14.20.

Several analysts have recently weighed in on FNA shares. William Blair downgraded shares of Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC reiterated a “hold” rating and set a $13.00 price objective on shares of Paragon 28 in a research note on Wednesday, January 29th. Stephens reissued 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 research note on Wednesday, January 29th.

Paragon 28 Trading Down 0.0 %

Shares of FNA opened at $13.00 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -17.56 and a beta of 1.54. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. Paragon 28 has a 1-year low of $4.65 and a 1-year high of $13.13. The company has a 50-day moving average of $11.73 and a 200 day moving average of $9.10.

Insiders Place Their Bets

In other Paragon 28 news, major shareholder Mvm Partners, Llc sold 18,109 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $10.14, for a total transaction of $183,625.26. Following the completion of the transaction, the insider now directly owns 10,481,851 shares in the company, valued at approximately $106,285,969.14. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 65,387 shares of company stock worth $733,197. 15.32% of the stock is owned by corporate insiders.

Institutional Trading of Paragon 28

Institutional investors and hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC acquired a new stake in Paragon 28 in the 4th quarter worth about $36,000. AlphaQuest LLC lifted its position 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 acquiring an additional 925 shares in the last quarter. State of Wyoming boosted its stake in shares of Paragon 28 by 37.4% in the fourth quarter. State of Wyoming now owns 4,359 shares of the company’s stock worth $45,000 after acquiring an additional 1,187 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Paragon 28 during the third quarter worth approximately $70,000. Finally, Creative Planning acquired a new position in Paragon 28 in the 3rd quarter valued at $91,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

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.