Shares of Alphatec Holdings, Inc. (NASDAQ:ATEC – Get Rating) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $18.71.
ATEC has been the subject of several research analyst reports. StockNews.com assumed coverage on shares of Alphatec in a report on Thursday, March 31st. They set a “sell” rating for the company. Needham & Company LLC reduced their price target on Alphatec from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 26th. Piper Sandler decreased their price objective on Alphatec from $22.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. Finally, HC Wainwright lifted their target price on Alphatec from $19.00 to $20.00 in a report on Friday, May 6th.
In related news, major shareholder Paul Segal bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average price of $6.95 per share, for a total transaction of $347,500.00. Following the transaction, the insider now directly owns 288,825 shares of the company’s stock, valued at $2,007,333.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Miles sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $8.34, for a total transaction of $834,000.00. Following the completion of the sale, the chief executive officer now owns 5,858,634 shares of the company’s stock, valued at $48,861,007.56. The disclosure for this sale can be found here. Over the last three months, insiders bought 79,700 shares of company stock worth $563,300 and sold 301,630 shares worth $2,360,674. 34.38% of the stock is owned by insiders.
Alphatec stock opened at $6.53 on Friday. The stock has a fifty day moving average of $9.24 and a 200-day moving average of $10.48. The stock has a market capitalization of $664.49 million, a P/E ratio of -3.96 and a beta of 1.59. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.76 and a current ratio of 2.62. Alphatec has a 52 week low of $6.19 and a 52 week high of $16.47.
Alphatec (NASDAQ:ATEC – Get Rating) last posted its earnings results on Thursday, May 5th. The medical technology company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.14). Alphatec had a negative return on equity of 147.10% and a negative net margin of 60.83%. The company had revenue of $70.93 million during the quarter, compared to the consensus estimate of $67.72 million. On average, research analysts forecast that Alphatec will post -1.31 earnings per share for the current year.
About Alphatec (Get Rating)
Alphatec Holdings, Inc, a medical technology company, designs, develops, and advances technologies for the surgical treatment of spinal disorders. The company offers SafeOp Neural InformatiX System, an Alpha InformatiX product platform designed to reduce the risk of intraoperative nerve injury; Sigma transforaminal lumbar interbody fusion pedicle-based access system that provides direct visualization of anatomical landmarks; Sigma PTP Access and Patient Positioning System; squadron lateral retractor designed to maximize patient outcomes; Invictus Spinal Fixation System, a thoracolumbar fixation system to treat a range of pathologies; and Invictus MIS SingleStep System that provides minimally invasive pedicle screw placement.
- Get a free copy of the StockNews.com research report on Alphatec (ATEC)
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