K2M Group Holdings’ Quiet Period Will End on June 17th (NASDAQ:KTWO)
K2M Group Holdings’ (NASDAQ:KTWO) quiet period will end on Tuesday, June 17th. K2M Group Holdings had issued 8,825,000 shares in its initial public offering on May 8th, AnalystRatingsNetwork reports. The total size of the offering was $132,375,000 based on an initial share price of $15.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Several analysts have recently commented on the stock. 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 target price of $20.67.
K2M Group Holdings (NASDAQ:KTWO) traded down 0.27% on Thursday, hitting $14.86. 13,307 shares of the company’s stock traded hands. K2M Group Holdings has a 52 week low of $13.71 and a 52 week high of $15.70. The stock has a 50-day moving average of $14.93 and a 200-day moving average of $14.93. The company’s market cap is $551.1 million.
K2M Group Holdings (NASDAQ:KTWO) last released its earnings data 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.
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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