10,450 Shares in Paragon 28, Inc. (NYSE:FNA) Bought by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in shares of Paragon 28, Inc. (NYSE:FNA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,450 shares of the company’s stock, valued at approximately $70,000.

Several other large investors have also bought and sold shares of FNA. Commerce Bank boosted its position in Paragon 28 by 28.5% in the third quarter. Commerce Bank now owns 18,350 shares of the company’s stock valued at $123,000 after buying an additional 4,075 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Paragon 28 in the 3rd quarter valued at $386,000. Park Edge Advisors LLC boosted its holdings in shares of Paragon 28 by 2.7% during the 3rd quarter. Park Edge Advisors LLC now owns 598,870 shares of the company’s stock valued at $4,000,000 after acquiring an additional 15,727 shares in the last quarter. Ballentine Partners LLC bought a new stake in Paragon 28 during the 3rd quarter worth $91,000. Finally, Creative Planning acquired a new position in Paragon 28 in the 3rd quarter worth about $91,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC lifted their price target on Paragon 28 from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group cut their target price 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, Stephens upgraded shares of Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Paragon 28 currently has an average rating of “Buy” and an average target price of $15.60.

Paragon 28 Price Performance

Paragon 28 stock opened at $10.03 on Monday. The firm has a market cap of $839.71 million, a P/E ratio of -13.55 and a beta of 1.52. The stock’s 50 day moving average is $7.38 and its 200 day moving average is $7.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $14.79.

Paragon 28 (NYSE:FNA) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.15) earnings per share for the quarter, topping 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%. Paragon 28’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) earnings per share. As a group, research analysts expect that Paragon 28, Inc. will post -0.66 EPS for the current year.

Insider Activity

In other news, major shareholder Mvm Partners, Llc sold 72,133 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $10.16, for a total transaction of $732,871.28. Following the transaction, the insider now owns 10,559,065 shares of the company’s stock, valued at $107,280,100.40. This represents a 0.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 252,914 shares of company stock valued at $2,585,514 in the last ninety days. 15.32% of the stock is owned by company insiders.

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.