OrthoPediatrics (NASDAQ:KIDS) Stock Price Down 4.2% – Should You Sell?

OrthoPediatrics Corp. (NASDAQ:KIDS)’s share price dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as $23.39 and last traded at $23.96. Approximately 60,941 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 275,512 shares. The stock had previously closed at $25.00.

Analysts Set New Price Targets

KIDS has been the topic of several recent research reports. Truist Financial reduced their target price on shares of OrthoPediatrics from $28.00 to $25.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of OrthoPediatrics in a research report on Tuesday.

OrthoPediatrics Stock Performance

The company has a quick ratio of 3.68, a current ratio of 7.17 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $24.20 and a 200 day moving average of $27.41. The firm has a market cap of $556.48 million, a price-to-earnings ratio of -18.68 and a beta of 1.14.

Hedge Funds Weigh In On OrthoPediatrics

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its holdings in shares of OrthoPediatrics by 268.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 246,860 shares of the company’s stock valued at $6,692,000 after buying an additional 179,803 shares during the period. Wellington Management Group LLP boosted its holdings in OrthoPediatrics by 16.2% in the third quarter. Wellington Management Group LLP now owns 883,221 shares of the company’s stock worth $23,944,000 after purchasing an additional 122,846 shares in the last quarter. Portolan Capital Management LLC increased its position in OrthoPediatrics by 66.2% in the 3rd quarter. Portolan Capital Management LLC now owns 308,099 shares of the company’s stock worth $8,353,000 after buying an additional 122,770 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of OrthoPediatrics in the third quarter valued at approximately $2,288,000. Finally, Mutual of America Capital Management LLC grew its stake in shares of OrthoPediatrics by 195.1% in the third quarter. Mutual of America Capital Management LLC now owns 107,609 shares of the company’s stock worth $2,917,000 after acquiring an additional 71,146 shares during the last quarter. 69.05% of the stock is currently owned by institutional investors.

About OrthoPediatrics

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.