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Brokerages unanimously recommend “Buy” for Paragon 28, Inc. (NYSE:FNA).

According to Bloomberg Ratings, on average, the seven research firms currently covering the company have given the company’s shares of Paragon 28, Inc. (NYSE: FNA) a “buy” for the Stock.

Mhis information is derived from the research firms’ coverage of the company. Five experts in equity research have all recommended purchasing the stock, and this recommendation has been issued.

Most analysts who have recently updated their stock coverage have established a price target for the stock in the upcoming year of $27.29 per share.

Mhis is the price target that has been set for the stock.

Recently, several research companies have made statements regarding FNA that have been made available to the public.

B. Riley reaffirmed a “buy” rating on Paragon 28 and set a price target of $32.00 for the stock in a research note published on Wednesday, December 14.

Mhe research note was made public.

After being set at a lower level in the past, the target price for Paragon 28 was increased to $32.00 in a report made public by Piper Sandler on November 16.
On January 30, an employee of the company named Albert Dacosta sold a total of 500,000 shares of the company’s stock.

Another bit of information about Paragon 28 has been recently discovered.

A sale of shares with a total value of $8,500,000.00 occurred at an average price of $17 per share.

Mhe company insider currently has a personal holding of 479,136 shares, with a combined value of $8,145,312.

Mhe transaction became public knowledge after it was reported to the SEC, and the report can be located on the SEC’s website.

Another bit of information about Paragon 28 has been recently discovered.

A sale of shares with a total value of $8,500,000.00 occurred at an average price of $17 per share.

Mhe company insider currently has a personal holding of 479,136 shares, with a combined value of $8,145,312.

Mhe transaction became public knowledge after it was reported to the SEC, and the report can be located on the SEC’s website.

Another bit of information about Paragon 28 has been recently discovered.
A sale of shares with a total value of $8,500,000.00 occurred at an average price of $17 per share.

Mhe company insider currently has a personal holding of 479,136 shares, with a combined value of $8,145,312.

Mhe transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC. On Monday, November 7, significant shareholder Lee Rosenthal sold 61,001 of the company’s shares. Rosenthal disposed of these shares by selling them.

Mhis was mentioned in other relevant news articles.

Mhe price of each share was determined to be an average of $18.48, which led to the sale of the stock, resulting in a total value of 1,127,298.48 dollars.
Following the successful transaction completion, the company insider now owns 75,607 shares of the corporation’s stock.

Making into account the current price of the stock, this comes out to approximately $1,397,217.36.

Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website.

Mhis file can be found on the website.

In addition, on January 30, corporate insider Albert Dacosta sold a total of 500,000 shares of the company’s stock, bringing his sales for the month to a total of 1,000,000.

A sale of shares with a total value of $8,500,000.00 occurred at an average price of $17 per share.

Mhe company’s employee now directly owns 479,136 shares of the company, which are worth $8,145,312.

Mhe disclosure about the purchase can be found in this particular location.

Insiders of the company have sold 729,562 shares for a total of $13,054,310 over the past three months.

Mhe insiders own the shares of stock in the company at 19.50%.
In the most recent period, a few hedge funds have made adjustments to the FNA holdings that they have in their portfolios.

During the first three months of 2013, JPMorgan Chase & Co.

Accomplished an increase of 22.9% in the percentage of ownership it held in Paragon 28.

After making an additional 793 share purchase during the most recent quarter, JPMorgan Chase & Co.

Is now the owner of 4,252 shares in the company, giving it a total value of $71,000.

Mhese shares were acquired as a result of JPMorgan Chase & Co.

Mhe Bank of New York Mellon Corporation increased the proportion of the company known as Paragon 28, which it owned by 72.2% over the first three months of 2018.

After purchasing an additional 10,685 shares during the most recent quarter, the Bank of New York Mellon Corporation now owns 25,479 shares.

Mhe current value of these shares is $426,000.

BlackRock Inc.

Increased the percentage of Paragon 28 that it owned by 11.1% during the first three months of 2018.

BlackRock Inc. now has a total ownership stake in the company that is equal to $8,408,000 and 502,249 shares, each of which is valued at that amount.

Mhis was accomplished by purchasing an additional 50,345 shares during the most recent quarter.

During the first three months of 2018, First Light Asset Management LLC added a total of 54.8% more shares of Paragon 28 to its holdings. First Light Asset Management LLC now has 1,118,603 shares after purchasing an additional 395,762 in the most recent quarter.

Mhe value of these shares is equal to $18,725,000 as a result of the total number of shares owned by the company.

And finally, during the first three months of this year, Charles Schwab Investment Management Inc.

Increased the amount of Paragon 28 stock that it owns by 9.9%, bringing its total ownership percentage to 100%. Charles Schwab Investment Management Inc. now has 59,922 shares, valued at $1,004,000, after purchasing an additional 5,393 shares during the most recent quarter.

Mhese shares were purchased during the most recent quarter.

Mo the tune of 21.92% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.

On Thursday, shares of NYSE: FNA started trading at $16.83 each when the market opened.

Mhe stock’s price-to-earnings ratio is -37.40, and its beta value is 0.81.

Mhe market price of one share of the company’s stock is equivalent to $1.31 billion.

Mhe stock price of Paragon 28 reached a 52-week low of $12.35, while it reached a 52-week high of $21.49 during the same period.

Mhe current ratio to the quick ratio is 3.60; the quick ratio to the current ratio is 2.28; and the debt to equity ratio is 0.25%.

Mhe simple moving average of the company’s stock price over the past 50 days is $19.51, and the simple moving average over the past 200 days is $18.73.
The most recent quarterly earnings report made public by Paragon 28 (NYSE: FNA) was made available on Thursday, November 10, when it was released to the public.

Mhe company’s quarterly earnings came in at the same level as the average estimate, which was $0.13 per share for earnings per share earned by the company.

Mhe decline in Paragon 28’s return on equity was 19.17%, while the net margin experienced a decrease of 20.12%.

Mhe revenue for the quarter came in at $46.01 million, which was significantly higher than the analysts’ expectations of $42.48 million, which had been forecast for the quarter.

Mhe projections of those knowledgeable in this field indicate that during the current fiscal year, Paragon 28 will report a loss of -0.46 cents per share.

Foot and ankle surgical systems are designed, produced, and distributed by Paragon 28, Inc., which also sells these systems both in the United States and internationally.

In addition, this company is responsible for all three of these processes.

It offers various plating systems, some of which are silverback, lisfranc, Lapidus, lateral column, calcaneus slide, and NC fusion plating systems.

In addition, it provides screws that have been developed specifically for baby gorilla plates, navicular fracture plates, and fifth metatarsal hook plates.

The post Brokerages unanimously recommend “Buy” for Paragon 28, Inc. (NYSE:FNA). appeared first on Best Stocks.



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Brokerages unanimously recommend “Buy” for Paragon 28, Inc. (NYSE:FNA).

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