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K2M Group Holdings (NASDAQ:KTWO) major shareholder Wcas Capital Partners Iv, L.P. sold 11,810 shares of K2M Group Holdings stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $15.00, for a total value of $177,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

K2M Group Holdings (NASDAQ:KTWO) traded down 0.54% on Thursday, hitting $14.82. The stock had a trading volume of 117,597 shares. K2M Group Holdings has a 1-year low of $13.71 and a 1-year high of $15.70. The stock’s 50-day moving average is $14.92 and its 200-day moving average is $14.92. The company’s market cap is $549.6 million.

K2M Group Holdings (NASDAQ:KTWO) last posted its quarterly earnings results on Wednesday, June 4th. The company reported ($0.71) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.34) by $0.37. The company had revenue of $42.25 million for the quarter, compared to the consensus estimate of $41.88 million. The company’s quarterly revenue was up 20.4% on a year-over-year basis. Analysts expect that K2M Group Holdings will post $-1.51 EPS for the current fiscal year.

A number of research firms have recently commented on KTWO. Analysts at Barclays initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “overweight” rating and a $18.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of K2M Group Holdings in a research note on Monday, June 2nd. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a buy rating, K2M Group Holdings presently has an average rating of “Buy” and a consensus price target of $20.67.

K2M Group Holdings, Inc (NASDAQ:KTWO) is a global medical device company focused on designing, developing and commercializing spine technologies and techniques.

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