K2M Group Holdings Inc (KTWO) Given Average Rating of “Hold” by Brokerages

Shares of K2M Group Holdings Inc (NASDAQ:KTWO) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.75.

A number of equities research analysts have issued reports on KTWO shares. Oppenheimer set a $25.00 target price on K2M Group and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Needham & Company LLC upped their target price on K2M Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. BidaskClub cut K2M Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 27th. ValuEngine raised K2M Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $28.00 target price on shares of K2M Group in a research report on Thursday, August 30th.

Shares of K2M Group stock opened at $26.72 on Monday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -30.71 and a beta of 1.43. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.48 and a quick ratio of 2.13. K2M Group has a 12-month low of $16.44 and a 12-month high of $27.50.

In other news, CFO Gregory S. Cole sold 82,304 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $27.40, for a total value of $2,255,129.60. Following the completion of the sale, the chief financial officer now directly owns 147,963 shares of the company’s stock, valued at $4,054,186.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory S. Cole sold 1,480 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $20.08, for a total value of $29,718.40. Following the completion of the sale, the chief financial officer now directly owns 65,659 shares of the company’s stock, valued at $1,318,432.72. The disclosure for this sale can be found here. Insiders sold 84,479 shares of company stock valued at $2,298,880 over the last three months. 6.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC acquired a new position in shares of K2M Group in the third quarter valued at $202,000. First Republic Investment Management Inc. acquired a new position in shares of K2M Group in the second quarter valued at $244,000. Renaissance Technologies LLC acquired a new position in shares of K2M Group in the second quarter valued at $392,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of K2M Group in the second quarter valued at $405,000. Finally, Rhumbline Advisers raised its stake in shares of K2M Group by 7.4% in the second quarter. Rhumbline Advisers now owns 39,058 shares of the medical device company’s stock valued at $879,000 after purchasing an additional 2,682 shares in the last quarter.

K2M Group Company Profile

K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.

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Analyst Recommendations for K2M Group (NASDAQ:KTWO)

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