CONMED (CNMD)

• Market cap: $1.69B
• 1 day: 0.83%
• 5 days: 0.51%
• 1 month: 9.42%
• 3 months: -5.28%
• 6 months: -10.89%
• Year to date: -18.74%
• 1 year: -24.36%
• 5 years: -35.70%
• 10 years: 3.05%
• Sector: Healthcare
• Industry: Medical Devices

About: Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgeries. The Company's products are used by surgeons and other healthcare professionals in a variety of specialties including orthopedics, general surgery, gynecology, thoracic surgery and gastroenterology. Geographically operates in USA, Europe, Middle East & Africa, Asia Pacific and North America. Majority is revenue is from USA.

Employees: 3,900

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

1,606% more call options, than puts

Call options by funds: $3.91M | Put options by funds: $229K

1% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 95

4% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 45

2.39% less ownership

Funds ownership: 115.16% [Q1] → 112.76% (-2.39%) [Q2]

3% less funds holding

Funds holding: 278 [Q1] → 270 (-8) [Q2]

15% less capital invested

Capital invested by funds: $2.15B [Q1] → $1.82B (-$331M) [Q2]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $61 11% upside
• Avg. target: $65 18% upside
• High target: $68 24% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Piper Sandler Matt O'Brien	24% upside $68	Overweight Maintained	31 Jul 2025
Needham Mike Matson	11% upside $61	Hold Downgraded	12 Jun 2025