Paragon 28 (NYSE:FNA) Shares Gap Up to $6.66

Paragon 28, Inc. (NYSE:FNAGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $6.66, but opened at $6.86. Paragon 28 shares last traded at $6.86, with a volume of 18,207 shares trading hands.

Wall Street Analyst Weigh In

FNA has been the topic of several research analyst reports. JMP Securities dropped their price objective on Paragon 28 from $23.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Thursday, May 9th. Stephens restated an “overweight” rating and issued a $18.00 price objective on shares of Paragon 28 in a report on Friday, April 5th. Needham & Company LLC cut their target price on shares of Paragon 28 from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Piper Sandler reiterated an “overweight” rating and set a $15.00 price objective (down from $18.00) on shares of Paragon 28 in a research note on Thursday, May 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Paragon 28 has an average rating of “Buy” and an average price target of $16.75.

Check Out Our Latest Report on Paragon 28

Paragon 28 Stock Up 0.5 %

The company’s fifty day simple moving average is $7.34 and its 200-day simple moving average is $10.06. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.57 and a quick ratio of 1.78. The firm has a market capitalization of $563.65 million, a PE ratio of -10.45 and a beta of 0.98.

Paragon 28 (NYSE:FNAGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Paragon 28 had a negative net margin of 24.45% and a negative return on equity of 27.72%. The business had revenue of $61.08 million for the quarter. On average, analysts forecast that Paragon 28, Inc. will post -0.58 EPS for the current year.

Institutional Trading of Paragon 28

Several large investors have recently bought and sold shares of FNA. PNC Financial Services Group Inc. acquired a new stake in shares of Paragon 28 during the fourth quarter worth $25,000. HighMark Wealth Management LLC purchased a new stake in Paragon 28 during the 4th quarter valued at about $99,000. Price T Rowe Associates Inc. MD grew its stake in Paragon 28 by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company’s stock valued at $156,000 after purchasing an additional 1,766 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Paragon 28 by 26.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,886 shares of the company’s stock valued at $173,000 after purchasing an additional 2,902 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Paragon 28 in the fourth quarter worth about $249,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

About Paragon 28

(Get Free Report)

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.

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