H.C. Wainwright Reiterates a Buy Rating on Alphatec Holdings (ATEC)


H.C. Wainwright analyst Sean Lee CFA reiterated a Buy rating on Alphatec Holdings (ATEC) today and set a price target of $12.00. The company’s shares closed last Thursday at $9.38.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 5.2% and a 39.1% success rate. CFA covers the Healthcare sector, focusing on stocks such as ThermoGenesis Holdings, CASI Pharmaceuticals, and Cytosorbents.

Currently, the analyst consensus on Alphatec Holdings is a Strong Buy with an average price target of $12.17, 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 >>

Based on Alphatec Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $29.63 million and GAAP net loss of $15.81 million. In comparison, last year the company earned revenue of $27.32 million and had a GAAP net loss of $12.44 million.

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:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts