GSA Capital Partners LLP Takes Position in Paragon 28, Inc. (NYSE:FNA)

GSA Capital Partners LLP purchased a new position in shares of Paragon 28, Inc. (NYSE:FNA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 57,744 shares of the company’s stock, valued at approximately $386,000. GSA Capital Partners LLP owned about 0.07% of Paragon 28 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of Paragon 28 by 46,660.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company’s stock worth $32,000 after acquiring an additional 4,666 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in Paragon 28 in the 2nd quarter worth approximately $68,000. Price T Rowe Associates Inc. MD boosted its position in Paragon 28 by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,622 shares of the company’s stock worth $156,000 after purchasing an additional 1,766 shares during the last quarter. Ballentine Partners LLC bought a new stake in Paragon 28 during the third quarter valued at approximately $91,000. Finally, Creative Planning bought a new position in Paragon 28 in the third quarter worth approximately $91,000. 63.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FNA. Needham & Company LLC upped their price target on shares of Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group reduced their price objective on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $12.00 price target (down previously from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $15.60.

Paragon 28 Stock Performance

FNA stock opened at $10.43 on Friday. The firm has a market cap of $873.20 million, a price-to-earnings ratio of -13.99 and a beta of 1.01. Paragon 28, Inc. has a twelve month low of $4.65 and a twelve month high of $14.79. 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’s fifty day simple moving average is $6.59 and its two-hundred day simple moving average is $7.23.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.01. The company had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $60.58 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.10) EPS. Analysts predict that Paragon 28, Inc. will post -0.66 earnings per share for the current year.

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.