K2M Group Holdings (NASDAQ:KTWO) has been given an average rating of “Buy” by the fourteen brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.44.
Several analysts have weighed in on the company. BidaskClub downgraded K2M Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Oppenheimer set a $24.00 price objective on K2M Group and gave the company a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded K2M Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Barclays reiterated 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 boosted their price objective on K2M Group from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th.
NASDAQ:KTWO traded down $0.10 during mid-day trading on Thursday, reaching $19.28. The stock had a trading volume of 15,524 shares, compared to its average volume of 274,143. The company has a market capitalization of $837.82, a price-to-earnings ratio of -22.23 and a beta of 1.47. K2M Group has a one year low of $16.44 and a one year high of $25.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.84 and a quick ratio of 1.52.
Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC increased its stake in shares of 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 purchased a new stake in K2M Group in the fourth quarter worth $213,000. MetLife Investment Advisors LLC purchased a new stake in K2M Group in the fourth quarter worth $350,000. Envestnet Asset Management Inc. purchased a new stake in K2M Group in the third quarter worth $423,000. Finally, Teton Advisors Inc. grew its stake in K2M Group by 300.0% in the fourth quarter. Teton Advisors Inc. now owns 40,000 shares of the medical device company’s stock worth $720,000 after purchasing an additional 30,000 shares during the period. 99.32% of the stock is currently owned by hedge funds and other institutional investors.
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About K2M Group
K2M Group Holdings, Inc, a medical device company, provides spine and minimally invasive solutions in the United States and internationally. The company offers implants, disposables, and instruments primarily to hospitals for use by spine surgeons to treat spinal pathologies, such as deformity, trauma, and tumor.
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