Paragon 28 (FNA) Expected to Announce Quarterly Earnings on Thursday

Paragon 28 (NYSE:FNA) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.12) per share and revenue of $70.81 million for the quarter.

Paragon 28 Price Performance

Shares of NYSE:FNA opened at $13.01 on Thursday. The company has a market cap of $1.09 billion, a PE ratio of -17.58 and a beta of 1.54. Paragon 28 has a fifty-two week low of $4.65 and a fifty-two week high of $13.13. The firm has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $9.08. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79.

Wall Street Analyst Weigh In

FNA has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating and set a $13.00 target price on shares of Paragon 28 in a report on Wednesday, January 29th. William Blair downgraded Paragon 28 from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Stephens reiterated an “equal weight” rating and issued a $13.00 target price (down from $14.00) on shares of Paragon 28 in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group set a $13.00 price target on shares of Paragon 28 in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.20.

Insider Buying and Selling

In related news, major shareholder Mvm Partners, Llc sold 20,136 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $11.63, for a total value of $234,181.68. Following the completion of the transaction, the insider now owns 10,366,009 shares in the company, valued at $120,556,684.67. This represents a 0.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 65,387 shares of company stock valued at $733,197 in the last three months. 15.32% of the stock is currently owned by corporate insiders.

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.