BidaskClub upgraded shares of K2M Group (NASDAQ:KTWO) from a hold rating to a buy rating in a research report report published on Wednesday.
A number of other research firms have also recently commented on KTWO. Needham & Company LLC lifted their price objective on K2M Group from $20.00 to $23.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. Wells Fargo & Co lowered K2M Group from an outperform rating to a market perform rating and set a $23.00 price target on the stock. in a research report on Monday, December 4th. Zacks Investment Research raised K2M Group from a sell rating to a hold rating in a research report on Thursday, January 25th. Oppenheimer set a $24.00 price target on K2M Group and gave the stock a buy rating in a research report on Thursday, March 1st. Finally, Barclays reissued a buy rating and set a $25.00 price target on shares of K2M Group in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $24.50.
K2M Group (NASDAQ KTWO) traded down $0.42 during trading on Wednesday, reaching $19.69. The company’s stock had a trading volume of 448,649 shares, compared to its average volume of 285,266. K2M Group has a 12 month low of $16.44 and a 12 month high of $25.99. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $835.32, a P/E ratio of -22.63 and a beta of 1.42.
Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its position in K2M Group by 7,765.0% during the third 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 period. Teacher Retirement System of Texas acquired a new position in K2M Group during the fourth quarter valued at $213,000. Trexquant Investment LP acquired a new position in K2M Group in the 3rd quarter worth about $223,000. Quantbot Technologies LP increased its holdings in shares of K2M Group by 275.9% during the 3rd quarter. Quantbot Technologies LP now owns 10,593 shares of the medical device company’s stock valued at $224,000 after acquiring an additional 7,775 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of K2M Group during the 3rd quarter valued at about $347,000. 99.99% of the stock is currently owned by hedge funds and other institutional investors.
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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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