Alphatec Holdings, Inc. (NASDAQ:ATEC) has received an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.79.
A number of equities research analysts recently commented on ATEC shares. Canaccord Genuity upped their target price on Alphatec from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 4th. Zacks Investment Research lowered Alphatec from a “hold” rating to a “sell” rating in a report on Tuesday, October 5th. Needham & Company LLC initiated coverage on shares of Alphatec in a report on Wednesday, August 25th. They issued a “buy” rating and a $18.00 price target for the company. Cowen initiated coverage on Alphatec in a research note on Wednesday, August 4th. They set an “outperform” rating and a $22.50 price objective for the company. Finally, Piper Sandler boosted their price target on shares of Alphatec from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 4th.
In related news, major shareholder Jennifer N. Pritzker bought 2,000 shares of the stock in a transaction on Friday, August 27th. The shares were bought at an average cost of $13.26 per share, for a total transaction of $26,520.00. Following the purchase, the insider now owns 38,200 shares of the company’s stock, valued at approximately $506,532. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Scott Lish sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $14.24, for a total transaction of $142,400.00. The disclosure for this sale can be found here. Insiders have acquired a total of 5,631 shares of company stock valued at $75,312 in the last quarter. 34.38% of the stock is currently owned by company insiders.
Shares of ATEC traded up $0.28 during trading hours on Monday, hitting $12.48. The company had a trading volume of 463 shares, compared to its average volume of 739,086. The company has a market capitalization of $1.25 billion, a PE ratio of -9.84 and a beta of 1.58. The company’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $14.55. Alphatec has a one year low of $8.27 and a one year high of $19.36. The company has a current ratio of 1.92, a quick ratio of 1.11 and a debt-to-equity ratio of 0.26.
Alphatec (NASDAQ:ATEC) last announced its earnings results on Monday, August 2nd. The medical technology company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.20). The business had revenue of $62.25 million for the quarter, compared to analysts’ expectations of $51.20 million. Alphatec had a negative return on equity of 86.64% and a negative net margin of 54.09%. Analysts forecast that Alphatec will post -1.13 earnings per share for the current year.
Alphatec Company Profile
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.
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