Mvm Partners, Llc Sells 4,256 Shares of Paragon 28, Inc. (NYSE:FNA) Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 4,256 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $10.00, for a total value of $42,560.00. Following the completion of the transaction, the insider now directly owns 10,499,960 shares of the company’s stock, valued at $104,999,600. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 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 shares were 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 transaction of $1,517,132.68.

Paragon 28 Stock Up 3.2 %

NYSE FNA opened at $10.31 on Monday. Paragon 28, Inc. has a 12 month low of $4.65 and a 12 month high of $14.79. The company has a market capitalization of $863.15 million, a P/E ratio of -13.93 and a beta of 1.01. The company’s 50 day simple moving average is $7.02 and its 200 day simple moving average is $7.28. 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 (NYSE:FNA) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $60.58 million. Paragon 28 had a negative return on equity of 37.90% and a negative net margin of 25.31%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Equities research analysts expect that Paragon 28, Inc. will post -0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FNA has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and set a $12.00 price target (down from $15.00) on shares of Paragon 28 in a research report on Friday, August 9th. Canaccord Genuity Group cut their target price on Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, 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 report on Wednesday, November 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $15.60.

Institutional Investors Weigh In On Paragon 28

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in Paragon 28 by 46,660.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,676 shares of the company’s stock worth $32,000 after purchasing an additional 4,666 shares in the last quarter. Levin Capital Strategies L.P. acquired a new position in shares of Paragon 28 in the second quarter worth about $68,000. Intech Investment Management LLC purchased a new position in shares of Paragon 28 in the third quarter worth approximately $70,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 1,766 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Paragon 28 during the third quarter valued at approximately $91,000. 63.57% of the stock is owned by hedge funds and other institutional investors.

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.