K2M Group (NASDAQ:KTWO)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays in a note issued to investors on Tuesday. They currently have a $25.00 price objective on the medical device company’s stock. Barclays’ price target would suggest a potential upside of 23.40% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of K2M Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $28.00 price objective on shares of K2M Group in a research note on Thursday, September 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $26.00 price objective on shares of K2M Group in a research note on Friday, September 22nd. UBS Group reaffirmed a “buy” rating and issued a $24.00 price objective (down previously from $26.00) on shares of K2M Group in a research note on Tuesday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $27.00 price objective on shares of K2M Group in a research note on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $24.50.
Shares of K2M Group (NASDAQ:KTWO) traded down $0.44 during trading on Tuesday, hitting $20.26. 137,390 shares of the stock were exchanged, compared to its average volume of 451,540. K2M Group has a 12 month low of $16.44 and a 12 month high of $25.99. The stock has a market cap of $889.97, a PE ratio of -21.10 and a beta of 1.34. The company has a quick ratio of 1.67, a current ratio of 3.06 and a debt-to-equity ratio of 0.29.
Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in K2M Group by 5,175.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,484 shares of the medical device company’s stock valued at $109,000 after buying an additional 4,399 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in K2M Group by 7,765.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 4,719 shares of the medical device company’s stock valued at $100,000 after buying an additional 4,659 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in K2M Group during the 3rd quarter valued at $105,000. Dorsey & Whitney Trust CO LLC bought a new stake in K2M Group during the 2nd quarter valued at $211,000. Finally, Legal & General Group Plc raised its holdings in K2M Group by 41.4% during the 2nd quarter. Legal & General Group Plc now owns 9,561 shares of the medical device company’s stock valued at $232,000 after buying an additional 2,798 shares during the last quarter. 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.
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