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

Paragon 28, Inc. (NYSE:FNA) major shareholder Mvm Partners, Llc sold 10,835 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $10.09, for a total value 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. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% 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 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 Up 1.2 %

FNA opened at $9.98 on Wednesday. Paragon 28, Inc. has a 1-year low of $4.65 and a 1-year high of $14.79. The stock’s fifty day simple moving average is $6.83 and its 200 day simple moving average is $7.24. The company has a current ratio of 3.50, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a market cap of $835.53 million, a PE ratio of -13.49 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 for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. The business 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 for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS. As a group, research analysts expect that Paragon 28, Inc. will post -0.66 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $12.00 price objective (down previously from $15.00) on shares of Paragon 28 in a research note on Friday, August 9th. Canaccord Genuity Group dropped their price objective on Paragon 28 from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Finally, Needham & Company LLC upped their price objective on Paragon 28 from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $15.60.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Paragon 28 by 180.6% during the 3rd quarter. Barclays PLC now owns 84,812 shares of the company’s stock worth $567,000 after buying an additional 54,591 shares during the period. Geode Capital Management LLC increased its position in Paragon 28 by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 967,519 shares of the company’s stock worth $6,464,000 after buying an additional 23,167 shares during the period. Wellington Management Group LLP increased its position in Paragon 28 by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 694,799 shares of the company’s stock worth $4,641,000 after buying an additional 45,215 shares during the period. State Street Corp increased 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 worth $10,443,000 after buying an additional 39,075 shares during the period. Finally, Stonepine Capital Management LLC bought a new position in Paragon 28 during the 3rd quarter worth $766,000. Institutional investors 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.