Analysts Set Paragon 28, Inc. (NYSE:FNA) Price Target at $14.20

Shares of Paragon 28, Inc. (NYSE:FNA) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $14.20.

FNA has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 price target on shares of Paragon 28 in a research note on Wednesday, January 29th. Canaccord Genuity Group set a $13.00 price target on Paragon 28 in a research note on Wednesday, January 29th. William Blair lowered Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Stephens reaffirmed an “equal weight” rating and set a $13.00 price target (down previously from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th.

Paragon 28 Trading Down 0.1 %

Shares of FNA stock opened at $12.98 on Friday. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average price of $11.79 and a two-hundred day moving average price of $9.16. Paragon 28 has a 12-month low of $4.65 and a 12-month high of $13.13. The firm has a market cap of $1.09 billion, a P/E ratio of -17.53 and a beta of 1.54.

Insider Buying and Selling at Paragon 28

In other Paragon 28 news, 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 transaction, the insider now directly owns 10,366,009 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. In the last ninety days, insiders have sold 65,387 shares of company stock valued at $733,197. 15.32% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.