Recent activity shows that Orthofix, OFIX the Insider Confidence level is trending Up due to Corporate Insiders of OFIX Bought $237.0K worth of shares in the last 3 months.
Before you dig into this report it is important to remember that “Insider Buying” is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
“Insider Buying” is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That’s why people pay attention to insider buying.
Here is a list of the latest insider activity for OFIX:
- Catherine Burzik – Director, Bought $50,248 worth of shares on 4 days ago
- Michael Paolucci – Director, Bought $62,300 worth of shares on 1 day ago
- Rice Doug – CFO, Bought $42,070 worth of shares on 4 days ago
- Serbousek Jon Carl – CEO,Director, Bought $52,004 worth of shares on 5 days ago
TipRanks.com reports that Orthofix currently has 2 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $41.00 . The target pricing ranges from a high forecast of $41.00 down to a low forecast of $41.00. Orthofix (OFIX)’s last closing price was 32.27 which would put the average price target at 41.00 upside.
In addition, TradingView issued a Sell rating for OFIX over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook.
Summary: Orthofix Medical Inc. develops, produces and markets medical devices. The Company offers spine fixation, biological and other orthopedic and spine solutions. Orthofix Medical Inc., formerly known as Orthofix International N.V., is headquartered in Lewisville, Texas.
- Last Price: 32.27
- Price Change: 1.2, 3.86%
- Yearly Gain: -14.05%
- Market Cap: 637.18M
- P/E Ratio: -39
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