Wright Medical Group N.V. (NASDAQ:WMGI) was the target of unusually large options trading activity on Thursday. Stock investors bought 1,289 put options on the company. This represents an increase of Infinity compared to the average daily volume of 0 put options.

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Wright Medical Group N.V. in a research report on Thursday. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 target price on shares of Wright Medical Group N.V. in a research report on Friday, August 4th. Piper Jaffray Companies reissued a “buy” rating and issued a $34.00 target price on shares of Wright Medical Group N.V. in a research report on Thursday, August 3rd. Robert W. Baird reissued a “buy” rating and issued a $33.00 target price on shares of Wright Medical Group N.V. in a research report on Friday, October 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Wright Medical Group N.V. in a research report on Friday, September 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Wright Medical Group N.V. currently has an average rating of “Buy” and a consensus target price of $32.22.

Wright Medical Group N.V. (NASDAQ:WMGI) opened at $24.56 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.45 and a debt-to-equity ratio of 1.27. Wright Medical Group N.V. has a 12-month low of $20.69 and a 12-month high of $31.53.

Wright Medical Group N.V. (NASDAQ:WMGI) last announced its quarterly earnings results on Wednesday, November 1st. The medical device company reported ($0.16) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.16). The firm had revenue of $170.50 million for the quarter, compared to analysts’ expectations of $173.50 million. Wright Medical Group N.V. had a negative net margin of 38.40% and a negative return on equity of 5.99%. Wright Medical Group N.V.’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.19) earnings per share. equities analysts forecast that Wright Medical Group N.V. will post -0.28 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of WMGI. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Wright Medical Group N.V. by 11.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,797 shares of the medical device company’s stock worth $104,000 after purchasing an additional 396 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Wright Medical Group N.V. by 21.7% during the second quarter. First Mercantile Trust Co. now owns 4,380 shares of the medical device company’s stock worth $120,000 after purchasing an additional 780 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Wright Medical Group N.V. during the second quarter worth $148,000. US Bancorp DE lifted its position in shares of Wright Medical Group N.V. by 41.3% during the second quarter. US Bancorp DE now owns 5,624 shares of the medical device company’s stock worth $155,000 after purchasing an additional 1,644 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Wright Medical Group N.V. by 9.1% during the second quarter. Prudential Financial Inc. now owns 7,678 shares of the medical device company’s stock worth $211,000 after purchasing an additional 640 shares in the last quarter.

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About Wright Medical Group N.V.

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.

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