Shares of K2M Group Holdings Inc. (NASDAQ:KTWO) saw strong trading volume on Wednesday . 366,047 shares changed hands during 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 equities research analysts recently weighed in on the company. Zacks Investment Research upgraded K2M Group Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $23.00 price target on shares of K2M Group Holdings in a research report on Friday, August 5th. Needham & Company LLC restated a “strong-buy” rating and set a $22.00 price target (up from $21.00) on shares of K2M Group Holdings in a research report on Friday, August 5th. Barclays PLC lifted their price target on K2M Group Holdings from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Finally, JMP Securities restated a “buy” rating and set a $22.00 price target on shares of K2M Group Holdings in a research report on Sunday, June 5th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. K2M Group Holdings presently has an average rating of “Buy” and an average target price of $22.20.

The company has a 50 day moving average of $16.83 and a 200-day moving average of $14.53. The company’s market cap is $669.69 million.

K2M Group Holdings (NASDAQ:KTWO) last issued its quarterly earnings results on Wednesday, August 3rd. The medical device company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.01. The business earned $59.20 million during the quarter, compared to analysts’ expectations of $57.47 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s quarterly 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.

An institutional investor recently raised its position in K2M Group Holdings stock. New York State Common Retirement Fund raised its stake in K2M Group Holdings Inc. (NASDAQ:KTWO) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.34% of K2M Group Holdings worth $2,797,000 at the end of the most recent reporting period.

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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