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WMGI

Wright Medical

$21.01

0.19 (0.91%)

16:23
08/15/19
08/15
16:23
08/15/19
16:23

Wright Medical director Elizabeth Weatherman buys over $313K in company shares

Wright Medical director Elizabeth Weatherman disclosed in a filing that she had purchased 15,000 shares of company stock at an average price of $20.87 per share on August 15. The total transaction value of the purchase was $313,050.

  • 04

    Sep

  • 06

    Nov

WMGI Wright Medical
$21.01

0.19 (0.91%)

08/08/19
STFL
08/08/19
NO CHANGE
Target $30
STFL
Buy
Wright Medical issues seem short-term and fixable, says Stifel
Stifel analyst Mathew Blackman noted that Wright Medical reported lower than expected Q2 sales and cut its full-year forecast, pointing to Cartiva distributor-related disruption, rather than underlying physician demand, and unanticipated, higher U.S. "core" lower extremity sales force attrition as issues that impacted both its results and outlook. Acknowledging that the troubles are "surprising and disappointing," Blackman still argues that the issues are short-term and fixable. Even with these headwinds, Wright Medical "still represents a very unique MedTech asset," contends Blackman, who lowered his price target on the stock to $30 from $36 but keeps a Buy rating on the shares.
08/08/19
BMOC
08/08/19
NO CHANGE
Target $30
BMOC
Outperform
Wright Medical price target lowered to $30 from $36 at BMO Capital
BMO Capital analyst Joanne Wuensch lowered her price target on Wright Medical to $30 after its Q2 miss and lowered FY19 guidance driven by the disruption in the Cartiva distributor sales force and a higher sales rep turnover in Lower Extremities. The analyst notes that it will take the company a few quarters to recover, but keeps his Outperform rating on the stock longer term, anticipating momentum in the Wright Medical's Upper and Lower Extremities franchises.
08/09/19
BOFA
08/09/19
DOWNGRADE
Target $25
BOFA
Neutral
Wright Medical downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Travis Steed downgraded Wright Medical to Neutral with a price target of $25 after its below-consensus Q2, saying there is "little opportunity" for the multiple to expand without a "real, sustained" reacceleration in its Lower Extremities business as it is still not far below the average since the company's merger with Tornier. The analyst adds that while Wright Medical's current issues are "manageable", it is challenging to "regain lost ground" with new sales reps, and the fix can take longer than expected. Steed adds that the company's Biologics comps will also become "much tougher" in the second half of 2019.
08/12/19
WELS
08/12/19
DOWNGRADE
Target $23
WELS
Market Perform
Wright Medical downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen downgraded Wright Medical Group to Market Perform from Outperform and lowered his price target for the shares to $23 from $28. The "rapid decline" in Cartiva sales in Q2 suggests physicians aren't satisfied with the product, Biegelsen tells investors in a research note. Further, the analyst believes Wright's core lower extremities business has become commoditized and that smaller competitors can continue to take the company's reps. In addition, Biegelsen Wright's upper extremities business is likely to slow due to new competition. While there is strategic value in Wright Medical, the fundamentals "look challenging," says the analyst.

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NTLA

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General Dynamics

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Novelion Therapeutics

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LMT

Lockheed Martin

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OncoSec

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TNXP

Tonix Pharmaceuticals

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  • 25

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SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

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ATIS

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RMED

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APEN

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LQDA

Liquidia Technologies

$5.23

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