JMP Securities reiterated an outperform rating and set a $30.00 price objective (up previously from $27.00) on shares of K2M Group Holdings in a report on Wednesday, June 28th. UBS's target suggests a potential upside of 29.94 % from the company's current price.
KTWO has been the subject of several other research reports. BidaskClub upgraded K2M Group Holdings from a hold rating to a buy rating in a report on Wednesday, July 19th.
Among 11 analysts covering K2M Group Holdings (NASDAQ:KTWO), 10 have Buy rating, 0 Sell and 1 Hold. ValuEngine cut shares of K2M Group Holdings from a hold rating to a sell rating in a report on Tuesday.
Here is a rundown on some insider market activity for K2M Group Holdings, Inc.
Based on the latest brokerage notes which have been released to investors, 5 brokers have issued a rating of "strong buy", 6 brokers "buy", 0 brokers "neutral", 0 brokers "sell" and 0 brokers "strong sell". American International Group Inc. grew its stake in shares of K2M Group Holdings by 7.1% during the 1st quarter.
Short traders are more bearish on shares of the company if you consider the uptick in short interest. The company had a trading volume of 413,776 shares. The company's market capitalization is $793.89 million.
Analyzing the technical facts of K2M Group Holdings, Inc. K2M Group Hldngs Cmn (NASDAQ:KTWO)'s distance from 20 day simple moving average is-0.1569 along with distance from 50 day simple moving average of 22.1 whereas its distance from 200 day simple moving average is 22.53. The company had revenue of $65.70 million during the quarter, compared to the consensus estimate of $66.26 million. During the same quarter previous year, the firm earned ($0.27) EPS. Revenue during the quarter was $16.08 billion, representing 0% growth from $16.1 billion in year-ago quarter.
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Shares of K2M Group Hldngs Cmn (NASDAQ:KTWO) slipped -19.06% in the past week and plunged -21.66% in the last 4 weeks, historically the stock illustrate that its six months performance stands at -15.37% while its year to date performance is at -10.13%. (NASDAQ:KTWO)'s performance this year to date is -10.13%. The shares were sold at an average price of $23.37, for a total value of $919,773.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The firm has "Buy" rating by Needham given on Wednesday, August 2. $23.86's average target is 34.27% above currents $17.77 stock price. Following the transaction, the insider now directly owns 200,629 shares of the company's stock, valued at $4,674,655.70. The disclosure for this sale can be found here. Of those transactions, there were 180,926 shares of KTWO bought and 39.05 million shares sold. For the quarter, shares have been noted at 15.69%. The total value of its holdings increased 25.8%.
The top 5 institutional holders, in ascending order, are as follows: PRICE T ROWE ASSOCIATES INC /MD/ with 6.53 million shares, TIMESSQUARE CAPITAL MANAGEMENT, LLC with 2.89 million shares, BLACKROCK INC. with 2.6 million shares, WADDELL & REED FINANCIAL INC with 1.97 million shares, and WELLINGTON MANAGEMENT GROUP LLP with 1.86 million shares. (NASDAQ:KTWO) has seen its stock price gain, or, so far in 2017.
06/02/2014 - William Blair began new coverage on K2M Group Holdings, Inc. giving the company a "outperform" rating. Vanguard Group Inc. now owns 1,550,592 shares of the medical device company's stock valued at $37,772,000 after buying an additional 171,502 shares in the last quarter. After a recent check, it is observed that the insiders for the firm now own 1.80% shares.