Positive Media Coverage Somewhat Unlikely to Impact K2M Group (KTWO) Share Price

Press coverage about K2M Group (NASDAQ:KTWO) has trended positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. K2M Group earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave news coverage about the medical device company an impact score of 47.1233411089662 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of K2M Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Oppenheimer set a $24.00 price objective on shares of K2M Group and gave the company a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of K2M Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Barclays restated a “buy” rating and issued a $25.00 price objective on shares of K2M Group in a research report on Tuesday, January 9th. Finally, Needham & Company LLC raised their price objective on shares of K2M Group from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. K2M Group presently has a consensus rating of “Buy” and a consensus price target of $24.50.

Shares of K2M Group (KTWO) opened at $19.60 on Tuesday. K2M Group has a 1 year low of $16.44 and a 1 year high of $25.99. The stock has a market cap of $854.31, a P/E ratio of -22.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.52 and a current ratio of 2.84.

K2M Group (NASDAQ:KTWO) last announced its earnings results on Wednesday, February 28th. The medical device company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.01). K2M Group had a negative net margin of 14.40% and a negative return on equity of 14.85%. The company had revenue of $67.80 million for the quarter, compared to the consensus estimate of $67.36 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts anticipate that K2M Group will post -0.72 EPS for the current year.

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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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