Paragon 28, Inc. (NYSE:FNA) Major Shareholder Sells $42,560.00 in Stock

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 4,256 shares of Paragon 28 stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $10.00, for a total transaction of $42,560.00. Following the sale, the insider now owns 10,499,960 shares in the company, valued at $104,999,600. This represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares 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 shares were sold at an average price of $10.09, for a total transaction 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 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 transaction of $1,517,132.68.

Paragon 28 Trading Up 3.2 %

Shares of NYSE FNA opened at $10.31 on Monday. The company has a quick ratio of 1.60, a current ratio of 3.50 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $7.02 and its two-hundred day moving average price is $7.28. Paragon 28, Inc. has a 52-week low of $4.65 and a 52-week high of $14.79. The stock has a market capitalization of $863.15 million, a P/E ratio of -13.93 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

FNA has been the topic of several recent analyst reports. Needham & Company LLC boosted their price target on Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Piper Sandler reiterated an “overweight” rating and set a $12.00 target price (down from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th. Finally, Canaccord Genuity Group dropped their price target on shares of Paragon 28 from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $15.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FNA. First Light Asset Management LLC raised its stake in Paragon 28 by 115.0% during the second quarter. First Light Asset Management LLC now owns 8,174,832 shares of the company’s stock worth $55,916,000 after acquiring an additional 4,371,864 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Paragon 28 by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 2,106,217 shares of the company’s stock worth $26,012,000 after purchasing an additional 55,851 shares during the last quarter. State Street Corp boosted its position in Paragon 28 by 2.6% during the 3rd quarter. State Street Corp now owns 1,563,331 shares of the company’s stock valued at $10,443,000 after purchasing an additional 39,075 shares during the period. Janus Henderson Group PLC grew its stake in Paragon 28 by 29.5% during the 1st quarter. Janus Henderson Group PLC now owns 1,199,819 shares of the company’s stock worth $14,818,000 after buying an additional 273,077 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Paragon 28 by 15.4% in the second quarter. Thrivent Financial for Lutherans now owns 1,021,188 shares of the company’s stock worth $6,986,000 after buying an additional 135,911 shares during the period. 63.57% of the stock is owned by institutional investors and hedge funds.

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.