Paragon 28, Inc. (NYSE:FNA) Major Shareholder Mvm Partners, Llc Sells 10,835 Shares

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 10,835 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $10.09, for a total transaction of $109,325.15. Following the completion of the sale, the insider now owns 10,548,230 shares in the company, valued at $106,431,640.70. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 transaction of $732,871.28.
• On Wednesday, November 20th, Mvm Partners, Llc sold 147,581 shares of Paragon 28 stock. The shares were sold at an average price of $10.28, for a total value of $1,517,132.68.

Paragon 28 Trading Up 1.2 %

Shares of NYSE:FNA traded up $0.12 during trading on Tuesday, reaching $9.98. 651,587 shares of the stock were exchanged, compared to its average volume of 615,094. Paragon 28, Inc. has a 12-month low of $4.65 and a 12-month high of $14.79. The firm’s 50-day moving average price is $6.77 and its 200 day moving average price is $7.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 3.50. The firm has a market cap of $835.53 million, a price-to-earnings ratio of -13.49 and a beta of 1.01.

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, topping the consensus estimate of ($0.16) by $0.01. The company had revenue of $62.30 million during the quarter, compared to analyst estimates of $60.58 million. Paragon 28 had a negative net margin of 25.31% and a negative return on equity of 37.90%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, sell-side analysts anticipate that Paragon 28, Inc. will post -0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FNA has been the subject of several analyst reports. Canaccord Genuity Group dropped 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. Needham & Company LLC upped their price objective on shares of Paragon 28 from $11.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $12.00 target price (down from $15.00) on shares of Paragon 28 in a research report on Friday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Paragon 28 currently has a consensus rating of “Buy” and an average target price of $15.60.

Institutional Investors Weigh In On Paragon 28

A number of large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased 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 buying an additional 4,666 shares during the last quarter. Levin Capital Strategies L.P. acquired a new position in Paragon 28 during the 2nd quarter worth $68,000. Intech Investment Management LLC bought a new stake in shares of Paragon 28 in the 3rd quarter worth about $70,000. Ballentine Partners LLC acquired a new stake in shares of Paragon 28 in the 3rd quarter valued at about $91,000. Finally, Creative Planning bought a new position in shares of Paragon 28 during the third quarter worth about $91,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

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.