CONMEDCNMD
About: Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgeries. The firm currently reports through two reporting units, orthopedic surgery, and general surgery. From a geographic perspective, the firm is U.S.-centric, with maximum domestic sales accounting for revenue, EMEA accounting for second place, APAC at third, and the non-U.S. Americas region driving the remaining revenue.
Employees: 4,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
412% more call options, than puts
Call options by funds: $9.13M | Put options by funds: $1.78M
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1% less funds holding
Funds holding: 288 [Q2] → 286 (-2) [Q3]
2% less capital invested
Capital invested by funds: $2.49B [Q2] → $2.43B (-$57.8M) [Q3]
5% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 43
6.97% less ownership
Funds ownership: 116.75% [Q2] → 109.78% (-6.97%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 109
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Needham Mike Matson 50% 1-year accuracy 58 / 117 met price target | 41%upside $97 | Buy Reiterated | 31 Oct 2024 |
Financial journalist opinion
Based on 6 articles about CNMD published over the past 30 days
