Jennifer Pritzker Sells 22,500 Shares of OrthoPediatrics (NASDAQ:KIDS) Stock

OrthoPediatrics Corp. (NASDAQ:KIDSGet Free Report) major shareholder Jennifer Pritzker sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $23.35, for a total value of $525,375.00. Following the sale, the insider owned 6,504,133 shares of the company’s stock, valued at approximately $151,871,505.55. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

OrthoPediatrics Stock Performance

Shares of KIDS opened at $22.41 on Friday. The firm has a market cap of $585.13 million, a price-to-earnings ratio of -13.34 and a beta of 0.99. The company has a quick ratio of 2.17, a current ratio of 4.78 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $21.78 and its two-hundred day moving average is $18.87. OrthoPediatrics Corp. has a 52-week low of $14.42 and a 52-week high of $26.74.

OrthoPediatrics (NASDAQ:KIDSGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The business had revenue of $70.51 million during the quarter, compared to the consensus estimate of $68.21 million. OrthoPediatrics had a negative net margin of 15.72% and a negative return on equity of 8.10%. Analysts forecast that OrthoPediatrics Corp. will post -1.14 EPS for the current fiscal year.

Institutional Trading of OrthoPediatrics

Large investors have recently modified their holdings of the company. California State Teachers Retirement System lifted its position in OrthoPediatrics by 397.1% in the 2nd quarter. California State Teachers Retirement System now owns 4,553 shares of the company’s stock valued at $87,000 after purchasing an additional 3,637 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in shares of OrthoPediatrics in the second quarter valued at approximately $4,636,002. Grandeur Peak Global Advisors LLC acquired a new stake in shares of OrthoPediatrics in the second quarter valued at approximately $954,000. Bank of America Corp DE acquired a new position in shares of OrthoPediatrics during the second quarter worth approximately $268,000. Finally, AWM Investment Company Inc. acquired a new position in shares of OrthoPediatrics during the second quarter worth approximately $4,537,000. Institutional investors and hedge funds own 69.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $25.00 target price (up from $22.00) on shares of OrthoPediatrics in a research note on Wednesday, August 5th. Truist Financial set a $22.00 price objective on OrthoPediatrics in a report on Wednesday, August 5th. Weiss Ratings upgraded OrthoPediatrics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. TD Cowen reaffirmed a “buy” rating on shares of OrthoPediatrics in a report on Monday, June 15th. Finally, BTIG Research boosted their price target on OrthoPediatrics from $24.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $26.44.

Check Out Our Latest Research Report on KIDS

About OrthoPediatrics

(Get Free Report)

OrthoPediatrics Corp., founded in 2007 and headquartered in Warsaw, Indiana, is a medical device company dedicated exclusively to providing orthopedic solutions for children. The company focuses on developing, manufacturing and marketing a broad portfolio of implants and instruments designed to address a wide range of pediatric conditions, including trauma, deformity correction, spine disorders and sports injuries.

The company’s product lines include locking plates and screws for upper and lower extremity reconstruction, intramedullary nails for femur and tibia stabilization, and specialized systems such as the MAGEC Magnetic Growth Rod for treatment of early-onset scoliosis.

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Insider Buying and Selling by Quarter for OrthoPediatrics (NASDAQ:KIDS)

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