After Piper Sandler and Northland Securities gave Alphatec Holdings (NASDAQ: ATEC) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Kyle Rose maintained a Buy rating on Alphatec Holdings yesterday and set a price target of $12.00. The company’s shares closed last Thursday at $9.38.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 8.3% and a 49.3% success rate. Rose covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Smith & Nephew Snats, and SeaSpine Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphatec Holdings with a $12.17 average price target, implying a 29.3% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Buy rating on the stock with a $12.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $11.38 and a one-year low of $2.19. Currently, Alphatec Holdings has an average volume of 934.3K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATEC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Alphatec Holdings, Inc. engages in the design, development, and marketing of spinal fusion technology products and solutions for the treatment of spinal disorders. It offers intra-operative information and neuromonitoring technologies, access systems, interbody implants, fixation systems, and various biologics offerings. The company was founded on March 4, 2005 and is headquartered in Carlsbad, CA.
Read More on ATEC: