Zurcher Kantonalbank Zurich Cantonalbank Has $173,000 Holdings in Paragon 28, Inc. (NYSE:FNA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Paragon 28, Inc. (NYSE:FNA) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,886 shares of the company’s stock after acquiring an additional 2,902 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Paragon 28 were worth $173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighMark Wealth Management LLC bought a new position in Paragon 28 during the 4th quarter worth about $99,000. Panagora Asset Management Inc. acquired a new stake in Paragon 28 in the 3rd quarter valued at approximately $142,000. Jump Financial LLC bought a new stake in Paragon 28 in the 3rd quarter valued at approximately $272,000. CenterBook Partners LP acquired a new position in Paragon 28 during the 3rd quarter worth approximately $319,000. Finally, SG Americas Securities LLC bought a new position in shares of Paragon 28 during the 3rd quarter worth approximately $444,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on FNA. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Paragon 28 in a report on Thursday, April 4th. Piper Sandler restated an “overweight” rating and set a $18.00 price objective on shares of Paragon 28 in a research note on Wednesday, March 27th. Finally, Stephens reaffirmed an “overweight” rating and issued a $18.00 target price on shares of Paragon 28 in a research report on Friday, April 5th.

Insiders Place Their Bets

In other Paragon 28 news, insider Albert Dacosta acquired 28,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $9.12 per share, with a total value of $255,360.00. Following the completion of the transaction, the insider now directly owns 5,339,110 shares in the company, valued at approximately $48,692,683.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 15.32% of the company’s stock.

Paragon 28 Price Performance

Shares of FNA opened at $10.53 on Wednesday. The company has a market cap of $872.63 million, a price-to-earnings ratio of -18.15 and a beta of 1.12. The company has a current ratio of 4.21, a quick ratio of 2.30 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $11.14. Paragon 28, Inc. has a 1-year low of $7.95 and a 1-year high of $19.00.

Paragon 28 (NYSE:FNA) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The firm had revenue of $60.56 million for the quarter, compared to analyst estimates of $60.73 million. Paragon 28 had a negative return on equity of 22.51% and a negative net margin of 22.11%. On average, research analysts forecast that Paragon 28, Inc. will post -0.43 earnings per share for the current fiscal year.

Paragon 28 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.