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

A number of brokerages have issued reports on KTWO. Zacks Investment Research upgraded shares of K2M Group Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $23.00 price objective on shares of K2M Group Holdings in a research note on Friday, August 5th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $22.00 price objective (up previously from $21.00) on shares of K2M Group Holdings in a research note on Friday, August 5th. Barclays PLC increased their price objective on shares of K2M Group Holdings from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. Finally, JMP Securities reiterated 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.20.

The stock’s market cap is $672.63 million. The stock has a 50 day moving average price of $16.82 and a 200 day moving average price of $14.55.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.01. During the same quarter in the prior year, the firm earned ($0.16) EPS. The firm earned $59.20 million during the quarter, compared to analysts’ expectations 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.

An institutional investor recently raised its position in K2M Group Holdings stock. New York State Common Retirement Fund boosted its position in K2M Group Holdings Inc. (NASDAQ:KTWO) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 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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