K2M Group Holdings Inc. (NASDAQ:KTWO) saw an uptick in trading volume on Wednesday . 366,047 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 282,596 shares.The stock last traded at $15.94 and had previously closed at $16.40.

Several brokerages have issued reports on KTWO. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of K2M Group Holdings in a report on Friday, August 5th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of K2M Group Holdings in a report on Tuesday, July 19th. Barclays PLC upped their price target on shares of K2M Group Holdings from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Zacks Investment Research raised shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Northland Securities downgraded shares of K2M Group Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.20.

The stock’s 50-day moving average is $16.84 and its 200 day moving average is $14.51. The stock’s market cap is $661.68 million.

K2M Group Holdings (NASDAQ:KTWO) last released its quarterly earnings data on Wednesday, August 3rd. The medical device company reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.01. The firm earned $59.20 million during the quarter, compared to analyst estimates of $57.47 million. During the same period last year, the business earned ($0.16) EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that K2M Group Holdings Inc. will post ($1.10) EPS for the current fiscal year.

A hedge fund recently raised its stake in K2M Group Holdings stock. New York State Common Retirement Fund increased its stake in shares of K2M Group Holdings Inc. (NASDAQ:KTWO) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 141,690 shares of the medical device company’s stock after buying an additional 2,170 shares during the period. New York State Common Retirement Fund owned 0.34% of K2M Group Holdings worth $2,797,000 as of its most recent filing with the SEC.

K2M Group Holdings, Inc is a medical device company focused on designing, developing and commercializing spine technologies and techniques. The Company’s spine products are used by spine surgeons to treat spinal pathologies, such as deformity (primarily scoliosis), trauma and tumor. The Company is engaged in designing, development and commercialization of products for patients suffering from degenerative spinal conditions.

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