Barclays Reaffirms “Buy” Rating for K2M Group (KTWO)

Barclays reissued their buy rating on shares of K2M Group (NASDAQ:KTWO) in a research report sent to investors on Tuesday morning. Barclays currently has a $25.00 price objective on the medical device company’s stock.

A number of other equities analysts have also weighed in on the stock. Needham & Company LLC restated a strong-buy rating and set a $27.00 price target (down from $29.00) on shares of K2M Group in a research report on Monday, October 9th. They noted that the move was a valuation call. BidaskClub lowered shares of K2M Group from a buy rating to a hold rating in a research report on Wednesday, December 6th. Wells Fargo & Co lowered shares of K2M Group from an outperform rating to a market perform rating and set a $23.00 price target on the stock. in a research report on Monday, December 4th. Zacks Investment Research upgraded shares of K2M Group from a sell rating to a hold rating in a research report on Wednesday, December 13th. Finally, Oppenheimer restated a buy rating and set a $24.00 price target on shares of K2M Group in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. K2M Group has an average rating of Buy and a consensus price target of $24.50.

Shares of K2M Group (NASDAQ:KTWO) traded up $0.33 during midday trading on Tuesday, hitting $20.57. 279,100 shares of the stock traded hands, compared to its average volume of 423,575. K2M Group has a 1-year low of $16.44 and a 1-year high of $25.99. The firm has a market capitalization of $877.40, a price-to-earnings ratio of -21.43 and a beta of 1.34. The company has a current ratio of 3.06, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29.

K2M Group (NASDAQ:KTWO) last announced its earnings results on Wednesday, November 1st. The medical device company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). The company had revenue of $62.65 million during the quarter, compared to analyst estimates of $62.69 million. K2M Group had a negative net margin of 16.22% and a negative return on equity of 16.02%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.19) EPS. equities analysts expect that K2M Group will post -0.85 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of K2M Group by 32.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,070 shares of the medical device company’s stock valued at $4,241,000 after acquiring an additional 42,290 shares during the period. First Trust Advisors LP purchased a new stake in shares of K2M Group in the 2nd quarter valued at approximately $1,270,000. Rhumbline Advisers raised its stake in shares of K2M Group by 49.2% in the 2nd quarter. Rhumbline Advisers now owns 43,165 shares of the medical device company’s stock valued at $1,051,000 after acquiring an additional 14,241 shares during the period. Legal & General Group Plc raised its stake in shares of K2M Group by 41.4% in the 2nd quarter. Legal & General Group Plc now owns 9,561 shares of the medical device company’s stock valued at $232,000 after acquiring an additional 2,798 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of K2M Group by 5,175.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,484 shares of the medical device company’s stock valued at $109,000 after acquiring an additional 4,399 shares during the period. Institutional investors own 97.95% of the company’s stock.

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About K2M Group

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine and minimally invasive technologies and techniques. The Company’s solutions are focused on achieving three-dimensional Total Body Balance. Its spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.

Analyst Recommendations for K2M Group (NASDAQ:KTWO)

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