Orthopediatrics (NASDAQ:KIDS) Raised to “Hold” at BidaskClub

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BidaskClub upgraded shares of Orthopediatrics (NASDAQ:KIDS) from a sell rating to a hold rating in a research note published on Friday morning, BidAskClub reports.

A number of other brokerages have also issued reports on KIDS. Zacks Investment Research lowered Orthopediatrics from a hold rating to a strong sell rating in a research note on Tuesday, May 14th. ValuEngine lowered Orthopediatrics from a buy rating to a hold rating in a research note on Thursday, August 1st. BTIG Research restated a buy rating and issued a $44.00 target price on shares of Orthopediatrics in a research note on Friday, May 10th. Finally, Needham & Company LLC assumed coverage on Orthopediatrics in a research note on Wednesday, June 19th. They issued a buy rating and a $53.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $46.75.

Shares of KIDS stock opened at $32.32 on Friday. The company has a quick ratio of 6.01, a current ratio of 8.60 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $37.05. Orthopediatrics has a 1 year low of $25.11 and a 1 year high of $47.82.

Orthopediatrics (NASDAQ:KIDS) last issued its earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.04). The firm had revenue of $14.66 million during the quarter, compared to analysts’ expectations of $14.67 million. Orthopediatrics had a negative return on equity of 16.43% and a negative net margin of 16.71%. Analysts forecast that Orthopediatrics will post -0.45 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in KIDS. Aperio Group LLC acquired a new stake in Orthopediatrics during the 2nd quarter worth about $39,000. BNP Paribas Arbitrage SA grew its position in Orthopediatrics by 83,150.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,665 shares of the company’s stock worth $74,000 after purchasing an additional 1,663 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Orthopediatrics during the 4th quarter worth about $93,000. MetLife Investment Advisors LLC acquired a new stake in Orthopediatrics during the 4th quarter worth about $128,000. Finally, Perkins Capital Management Inc. acquired a new stake in Orthopediatrics during the 1st quarter worth about $221,000. 48.56% of the stock is currently owned by institutional investors.

Orthopediatrics Company Profile

OrthoPediatrics Corp., a medical device company, designs, develops, and markets anatomically appropriate implants and devices for the treatment of children with orthopedic conditions in the United States and internationally. The company's products comprise PediLoc, PediPlates, cannulated screws, PediFlex nail, PediNail products, PediLoc tibia products, anterior cruciate ligament reconstruction systems, locking cannulated blades, locking proximal femurs, RESPONSE Spine systems, Bandloc, and Pediguard.

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