K2M Group Holdings Inc. (NASDAQ:KTWO) was down 1.5% during mid-day trading on Tuesday . The company traded as low as $16.42 and last traded at $16.52, with a volume of 162,913 shares trading hands. The stock had previously closed at $16.77.

A number of equities research analysts have recently issued reports on KTWO shares. Needham & Company LLC restated a “buy” rating on shares of K2M Group Holdings in a report on Wednesday, June 22nd. JMP Securities restated a “buy” rating and set a $22.00 price target on shares of K2M Group Holdings in a report on Sunday, June 5th. Oppenheimer Holdings Inc. started coverage on shares of K2M Group Holdings in a report on Monday, July 18th. They set a “buy” rating and a $23.00 price target on the stock. Piper Jaffray Cos. restated a “buy” rating and set a $22.00 price target (down previously from $29.00) on shares of K2M Group Holdings in a report on Tuesday, May 3rd. Finally, Zacks Investment Research upgraded shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.20.

The company’s 50-day moving average price is $16.84 and its 200 day moving average price is $14.52. The company’s market cap is $661.68 million.

K2M Group Holdings (NASDAQ:KTWO) last issued its quarterly earnings data on Wednesday, August 3rd. The medical device company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. During the same period in the prior year, the company earned ($0.16) EPS. The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $57.47 million. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate 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 position in K2M Group Holdings Inc. (NASDAQ:KTWO) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.34% of K2M Group Holdings worth $2,797,000 at the end of the most recent quarter.

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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