K2M Group Holdings Inc. (NASDAQ:KTWO) shares were up 1.7% on Friday . The stock traded as high as $16.21 and last traded at $15.96, with a volume of 304,390 shares traded. The stock had previously closed at $15.70.

Several research analysts have weighed in on KTWO shares. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of K2M Group Holdings in a research note on Tuesday, July 19th. Needham & Company LLC raised shares of K2M Group Holdings from a “buy” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Monday, May 23rd. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $22.00 target price on shares of K2M Group Holdings in a research note on Friday, May 20th. Zacks Investment Research lowered shares of K2M Group Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Finally, JMP Securities reissued a “buy” rating and issued a $22.00 price objective on shares of K2M Group Holdings in a research note on Sunday, June 5th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $22.20.

The stock’s market cap is $672.63 million. The firm’s 50 day moving average is $16.82 and its 200 day moving average is $14.55.

K2M Group Holdings (NASDAQ:KTWO) last announced its earnings results on Wednesday, August 3rd. The medical device company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.01. During the same period in the previous year, the firm posted ($0.16) EPS. The firm earned $59.20 million during the quarter, compared to analyst estimates of $57.47 million. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts forecast that K2M Group Holdings Inc. will post ($1.10) EPS for the current year.

A hedge fund recently raised its stake in K2M Group Holdings stock. New York State Common Retirement Fund boosted its stake in shares of K2M Group Holdings Inc. (NASDAQ:KTWO) by 1.6% during the fourth quarter, according to its most recent Form 13F 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 about 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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