Posted by Joseph Griffin
Shares of K2M Group Holdings (NASDAQ:KTWO) have earned an average broker rating score
of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Researchreports. Four investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $21.00 for the company and are forecasting that the company will post ($0.33) earnings per share for the current quarter, according to Zacks. Zacks has also given K2M Group Holdings an industry rank of 96 out of 265 based on the ratings given to related companies.
Shares of K2M Group Holdings (NASDAQ:KTWO) opened at 19.49 on Monday. K2M Group Holdings has a one year low of $12.31 and a one year high of $23.63. The stock’s 50-day moving average is $20.14 and its 200-day moving average is $17.17. The company’s market cap is $769.2 million.
In other K2M Group Holdings news, Director Brett Brodnax sold 5,564 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $19.73, for a total value of $109,777.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Piper Jaffray initiated coverage on shares of K2M Group Holdings in a research note on Wednesday, January 7th. They set an “overweight” rating and a $25.00 price target on the stock.
K2M Group Holdings, Inc (NASDAQ:KTWO) is a global medical device company focused on designing, developing and commercializing spine technologies and techniques. Its spine products are used by spine surgeons to treat some of the most difficult and challenging spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor.
