Posted by admin on Aug 12th, 2022

Paragon 28, Inc. (NYSE:FNA – Get Rating) major shareholder Mvm Partners Llp sold 50,000 shares of Paragon 28 stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $19.52, for a total transaction of $976,000.00. Following the sale, the insider now owns 14,282,095 shares of the company’s stock, valued at $278,786,494.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

FNA stock opened at $18.72 on Friday. The stock has a market capitalization of $1.44 billion and a P/E ratio of -42.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.49 and a current ratio of 3.66. Paragon 28, Inc. has a one year low of $12.35 and a one year high of $25.41. The company has a 50 day moving average price of $17.91 and a two-hundred day moving average price of $17.02.

Paragon 28 (NYSE:FNA – Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.07). Paragon 28 had a negative return on equity of 20.84% and a negative net margin of 18.54%. As a group, sell-side analysts expect that Paragon 28, Inc. will post -0.44 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of FNA. JPMorgan Chase & Co. grew its stake in Paragon 28 by 22.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,252 shares of the company’s stock worth $71,000 after acquiring an additional 793 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Paragon 28 during the 2nd quarter valued at $111,000. New York State Common Retirement Fund purchased a new stake in shares of Paragon 28 during the 1st quarter valued at $139,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Paragon 28 during the 2nd quarter valued at $209,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Paragon 28 during the 4th quarter valued at $232,000. 12.31% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Paragon 28 from $20.00 to $25.00 in a research note on Friday, August 5th. Needham & Company LLC raised their price objective on shares of Paragon 28 from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, JMP Securities reissued a “buy” rating and set a $30.00 price objective on shares of Paragon 28 in a research note on Wednesday, June 1st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $26.43.

Paragon 28, Inc designs, 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.

Receive News & Ratings for Paragon 28 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon 28 and related companies with MarketBeat.com's FREE daily email newsletter.

Adam G. Ciongoli Sells 17,924 Shares of Campbell Soup (NYSE:CPB) Stock

Minerva Surgical (NASDAQ:UTRS) Stock Rating Lowered by JPMorgan Chase & Co.