Wright Medical Group N.V. (WMGI) Receives Consensus Rating of “Hold” from Analysts

Shares of Wright Medical Group N.V. (NASDAQ:WMGI) have been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.88.

WMGI has been the topic of several analyst reports. Bank of America Corporation lowered shares of Wright Medical Group N.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 11th. They noted that the move was a valuation call. BMO Capital Markets increased their price target on shares of Wright Medical Group N.V. to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, February 22nd. Northcoast Research upgraded shares of Wright Medical Group N.V. from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday, March 21st. Needham & Company LLC restated a “hold” rating on shares of Wright Medical Group N.V. in a research note on Wednesday, February 22nd. Finally, Jefferies Group LLC restated a “buy” rating and set a $30.00 price target on shares of Wright Medical Group N.V. in a research note on Wednesday, February 22nd.

In other Wright Medical Group N.V. news, SVP Jennifer S. Walker sold 10,000 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $26.77, for a total value of $267,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lance A. Berry sold 6,685 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $27.14, for a total transaction of $181,430.90. The disclosure for this sale can be found here. Insiders sold a total of 20,655 shares of company stock worth $556,708 over the last quarter. 3.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of WMGI. Cullen Frost Bankers Inc. bought a new stake in shares of Wright Medical Group N.V. during the first quarter worth $207,000. Prudential Financial Inc. bought a new stake in shares of Wright Medical Group N.V. during the first quarter worth $219,000. Teacher Retirement System of Texas bought a new stake in shares of Wright Medical Group N.V. during the first quarter worth $230,000. Fairfield Bush & CO. bought a new stake in shares of Wright Medical Group N.V. during the first quarter worth $233,000. Finally, FNY Partners Fund LP bought a new stake in shares of Wright Medical Group N.V. during the first quarter worth $248,000.

Wright Medical Group N.V. (WMGI) traded up 0.888% during trading on Tuesday, hitting $26.695. 434,325 shares of the company traded hands. The firm has a 50 day moving average of $27.49 and a 200 day moving average of $27.11. Wright Medical Group N.V. has a one year low of $15.85 and a one year high of $31.53. The firm’s market cap is $2.77 billion.

Wright Medical Group N.V. (NASDAQ:WMGI) last announced its quarterly earnings results on Wednesday, May 3rd. The medical device company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. Wright Medical Group N.V. had a negative return on equity of 7.30% and a negative net margin of 63.46%. The business had revenue of $177.19 million for the quarter, compared to analyst estimates of $182.42 million. On average, analysts expect that Wright Medical Group N.V. will post ($0.30) earnings per share for the current fiscal year.

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Wright Medical Group N.V. Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:WMGI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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