Wright Medical Group N.V. (NASDAQ:WMGI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other analysts have also recently weighed in on WMGI. Jefferies Group LLC restated a “buy” rating and issued a $33.00 price target on shares of Wright Medical Group N.V. in a report on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating and issued a $34.00 price target on shares of Wright Medical Group N.V. in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. set a $30.00 price target on shares of Wright Medical Group N.V. and gave the company a “hold” rating in a report on Thursday, August 3rd. ValuEngine upgraded shares of Wright Medical Group N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Wright Medical Group N.V. in a report on Thursday, May 4th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Wright Medical Group N.V. presently has an average rating of “Buy” and a consensus price target of $32.25.

Wright Medical Group N.V. (WMGI) opened at 27.30 on Friday. Wright Medical Group N.V. has a one year low of $20.50 and a one year high of $31.53. The stock’s market capitalization is $2.85 billion. The firm has a 50-day moving average of $27.22 and a 200 day moving average of $27.92.

Wright Medical Group N.V. (NASDAQ:WMGI) last released its quarterly earnings results on Wednesday, August 2nd. The medical device company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Wright Medical Group N.V. had a negative net margin of 36.04% and a negative return on equity of 6.22%. The business had revenue of $179.69 million for the quarter, compared to analysts’ expectations of $178.17 million. During the same period last year, the business earned ($0.11) EPS. The company’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts anticipate that Wright Medical Group N.V. will post ($0.29) earnings per share for the current fiscal year.

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In related news, SVP Jonathan Wesley Porter sold 2,490 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.09, for a total value of $67,454.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lance A. Berry sold 6,685 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $27.14, for a total transaction of $181,430.90. The disclosure for this sale can be found here. Insiders sold a total of 40,655 shares of company stock valued at $1,116,708 over the last ninety days. 9.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its position in Wright Medical Group N.V. by 6.4% in the first quarter. Parametric Portfolio Associates LLC now owns 43,362 shares of the medical device company’s stock worth $1,349,000 after buying an additional 2,626 shares in the last quarter. TFS Capital LLC acquired a new position in Wright Medical Group N.V. during the first quarter worth about $1,143,000. Ameriprise Financial Inc. raised its position in Wright Medical Group N.V. by 13.6% in the first quarter. Ameriprise Financial Inc. now owns 1,338,115 shares of the medical device company’s stock worth $41,642,000 after buying an additional 160,494 shares in the last quarter. Commerce Bank raised its position in Wright Medical Group N.V. by 7.4% in the first quarter. Commerce Bank now owns 18,837 shares of the medical device company’s stock worth $586,000 after buying an additional 1,300 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in Wright Medical Group N.V. during the first quarter worth about $4,179,000.

Wright Medical Group N.V. Company Profile

Wright Medical Group, Inc is a global specialty orthopaedic company. The Company through Wright Medical Technology, Inc (WMT) and other subsidiaries provides extremity and biologic solutions that enable clinicians to alleviate pain and restore the patients’ lifestyles. The Company operates through three segments: U.S., International and BioMimetic.

Analyst Recommendations for Wright Medical Group N.V. (NASDAQ:WMGI)

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