K2M Group Holdings, Inc. Reports Third Quarter Revenue Growth of 16.7% in Constant Currency and Increases Fiscal Year 2015 Revenue Guidance Range

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Go back to K2M Group Holdings, Inc. Reports Third Quarter Revenue Growth of 16.7% in Constant Currency and Increases Fiscal Year 2015 Revenue Guidance Range

K2M Group (KTWO) Growth Driven by New products and Expanding Distribution; Needham & Company Cuts Price Target to $25

November 4, 2015 7:04 AM EST

Needham & Company maintained a Buy rating on K2M Group Holdings (NASDAQ: KTWO), and cut the price target to $25.00 (from $30.00), following the company's 3Q earnings results. Revenue was $55.0M vs. consensus of $53.7M, and GAAP EPS was ($0.25) vs. consensus of ($0.20). Management raised its 2015... More