K2M Group (KTWO) Rating Reiterated by Cantor Fitzgerald

Pearl Mccarthy
September 2, 2018

KTWO has been at the forefront of the 3D-printed implant movement and now has the broadest 3D- printed spine portfolio on the market. "Additionally, we think KTWO has made smart global distribution changes, which should accelerate OUS growth".

Several equities analysts have commented on KTWO shares. Cantor Fitzgerald reaffirmed a "buy" rating and issued a $28.00 price target on shares of K2M Group in a report on Thursday. BidaskClub downgraded shares of K2M Group from a "strong-buy" rating to a "buy" rating in a report on Friday, July 27th.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. K2M Group Hldngs Cmn (NASDAQ:KTWO) has a current PEG of 0. ValuEngine raised shares of K2M Group from a "hold" rating to a "buy" rating in a research report on Thursday. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. Captivating a peek at sell-side analyst insights, we can understand that the recent mean target price for the company is $25.88.

NASDAQ:KTWO opened at $27.50 on Friday. It's also very liquid in the near term, with a current ratio of 3.5.

The stock is trading 12.55% away from its 52 week high of $24.43 and 67.27% far from the stock's low point over the past 52 weeks, which was $16.44. The company holds 42.94 million outstanding shares and 42.12 million shares are floating in market. (NASDAQ:KTWO) news were published by: Prnewswire.com which released: "K2M (KTWO) Alert: Johnson Fistel Investigates Proposed Sale of K2M Group Holdings, Inc.; Are Shareholders Getting a ..." on August 30, 2018, also Businesswire.com with their article: "ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of K2M Group Holdings, Inc." published on August 30, 2018, Themiddlemarket.com published: "M&A wrap: Campbell, Bolthouse Farms, Garden Fresh Gourmet, Denise Morrison" on August 30, 2018. The medical device company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.06).

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K2M Group Holdings (KTWO) stock has been separated 35.32% away from the 200-day MA. During the same period past year, the company earned ($0.21) EPS. Revenue for the recent quarter stood at $73.58 million, up 12% on previous year and above the $70.85 million predicted by analysts.

The stock of K2M Group Holdings, Inc. and Reis, Inc. were two of the most active stocks on Thursday. The stock was sold at an average price of $20.08, for a total value of $29,718.40. Following the transaction, the chief financial officer now owns 65,659 shares in the company, valued at approximately $1,318,432.72.

Analysts Mean Recommendation/Target Price/Volume: The stock exchanged hands with 17292735 numbers of shares contrast to its average daily volume of 285.44K shares. We will analyze the growth, profitability, risk, valuation, and insider trends of both companies and see which one investors prefer.

Large investors have recently made changes to their positions in the business. K2M shares rose 25 percent to $27.27 in early trading, while those of Stryker were marginally down at $170.03. Insiders sold 3,497 shares of company stock worth $73,610 in the last ninety days. The company left its forecast for adjusted earnings per share unchanged for the full year, in a range of $7.22 to $7.27. Point72 Asset Management L.P. acquired a new position in shares of K2M Group during the 1st quarter worth about $8,958,000. Finally, Hennessy Advisors Inc. acquired a new position in shares of K2M Group during the 1st quarter worth about $584,000.

Orthopedics company Stryker announced Thursday that it is buying K2M Group Holdings, a maker of 3-D printed implantable, minimally invasive spine products, for $1.4 billion. The company's complex spine products are used by spine surgeons to treat some of the most hard and challenging spinal pathologies, such as deformity, trauma and tumor.

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