Mvm Partners, Llc Sells 20,136 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 20,136 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.63, for a total value of $234,181.68. Following the transaction, the insider now directly owns 10,366,009 shares of the company’s stock, valued at approximately $120,556,684.67. This represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Mvm Partners, Llc also recently made the following trade(s):

• On Wednesday, December 4th, Mvm Partners, Llc sold 18,109 shares of Paragon 28 stock. The stock was sold at an average price of $10.14, for a total value of $183,625.26.
• On Wednesday, November 27th, Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock. The stock was sold at an average price of $10.00, for a total value of $42,560.00.
• On Monday, November 25th, Mvm Partners, Llc sold 10,835 shares of Paragon 28 stock. The stock was sold at an average price of $10.09, for a total value of $109,325.15.
• On Friday, November 22nd, Mvm Partners, Llc sold 72,133 shares of Paragon 28 stock. The stock was sold at an average price of $10.16, for a total value of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The stock was sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Stock Performance

Shares of FNA opened at $12.00 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.50 and a quick ratio of 1.60. The stock has a 50-day moving average of $10.45 and a 200-day moving average of $8.32. The company has a market cap of $1.00 billion, a PE ratio of -16.22 and a beta of 1.50. Paragon 28, Inc. has a one year low of $4.65 and a one year high of $14.79.

Paragon 28 (NYSE:FNA) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The business had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.58 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. On average, equities research analysts predict that Paragon 28, Inc. will post -0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stephens raised Paragon 28 to a “strong-buy” rating in a research report on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Paragon 28 in a research note on Monday, January 13th. Finally, Canaccord Genuity Group reduced their target price on Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $15.60.

Hedge Funds Weigh In On Paragon 28

Hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new position in Paragon 28 during the 3rd quarter valued at about $70,000. Ballentine Partners LLC bought a new stake in shares of Paragon 28 in the 3rd quarter worth approximately $91,000. Creative Planning bought a new stake in shares of Paragon 28 in the 3rd quarter worth approximately $91,000. Hsbc Holdings PLC bought a new stake in shares of Paragon 28 in the 2nd quarter worth approximately $104,000. Finally, Commerce Bank raised its holdings in shares of Paragon 28 by 28.5% in the 3rd quarter. Commerce Bank now owns 18,350 shares of the company’s stock worth $123,000 after purchasing an additional 4,075 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.