Paragon 28 (NYSE:FNA) Price Target Cut to $20.00

Paragon 28 (NYSE:FNA – Get Rating) had its target price decreased by investment analysts at Canaccord Genuity Group from $23.00 to $20.00 in a research report issued on Tuesday, The Fly reports. Canaccord Genuity Group’s target price would indicate a potential upside of 39.86% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Paragon 28 from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, March 11th. Bank of America reduced their price objective on shares of Paragon 28 from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Canaccord Genuity Group lowered their target price on shares of Paragon 28 from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, March 9th. Finally, Needham & Company LLC reduced their price target on shares of Paragon 28 from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, February 9th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Paragon 28 currently has an average rating of “Buy” and an average price target of $25.00.

Shares of NYSE:FNA opened at $14.30 on Tuesday. Paragon 28 has a 52 week low of $12.84 and a 52 week high of $25.41. The firm has a 50-day moving average price of $17.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.29 and a quick ratio of 4.10.

Paragon 28 (NYSE:FNA – Get Rating) last issued its earnings results on Monday, May 9th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). On average, sell-side analysts anticipate that Paragon 28 will post -0.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kornitzer Capital Management Inc. KS acquired a new position in shares of Paragon 28 in the fourth quarter worth $6,647,000. TimesSquare Capital Management LLC acquired a new position in Paragon 28 in the 4th quarter valued at about $12,611,000. Calamos Advisors LLC purchased a new position in Paragon 28 in the 4th quarter valued at about $530,000. M&T Bank Corp acquired a new stake in shares of Paragon 28 during the 4th quarter worth about $274,000. Finally, Strs Ohio purchased a new stake in shares of Paragon 28 during the fourth quarter worth about $37,000. 12.31% of the stock is currently owned by institutional investors.

Paragon 28 Company Profile (Get Rating)

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.

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