Stocks of Alphatec Holdings Inc. (NASDAQ:ATEC) traded higher last session on Wall Street, down -3.65% to $17.14.
According to the data, Alphatec Holdings Inc. (NASDAQ:ATEC) has 9 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $17.00, we find $19.00. Given the previous closing price of $17.79, this indicates a potential upside of 6.8 percent. ATEC stock price is now 2.90% away from the 50-day moving average and 23.52% away from the 200-day moving average. The market capitalization of the company currently stands at $1.99B.
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A total of 0 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $21.06 as their price target over the next twelve months.
With the price target of $12, Jefferies recently initiated with Buy rating for Alphatec Holdings Inc. (NASDAQ: ATEC).
In other news, Hunsaker Craig E, EVP, PEOPLE/CULTURE & GC sold 100,487 shares of the company’s stock on Jun 28. The stock was sold for $1,808,766 at an average price of $18.00. Upon completion of the transaction, the EVP, PEOPLE/CULTURE & GC now directly owns 1,120,427 shares in the company, valued at $19.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27, EVP, PEOPLE/CULTURE & GC Hunsaker Craig E sold 6,542 shares of the business’s stock. A total of $117,756 was realized by selling the stock at an average price of $18.00. This leaves the insider owning 1,220,914 shares of the company worth $20.93 million. Insiders disposed of 5,486,760 shares of company stock worth roughly $94.04 million over the past 1 year. A total of 8.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATEC stock. A new stake in Alphatec Holdings Inc. shares was purchased by LISANTI CAPITAL GROWTH, LLC during the first quarter worth $16,556,000. INTRINSIC EDGE CAPITAL MANAGEMENT LLC invested $11,312,000 in shares of ATEC during the first quarter. In the first quarter, GREAT LAKES ADVISORS, LLC acquired a new stake in Alphatec Holdings Inc. valued at approximately $6,411,000. NORGES BANK acquired a new stake in ATEC for approximately $5,307,000. ALTIUM CAPITAL MANAGEMENT LP purchased a new stake in ATEC valued at around $4,628,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $17.54 for Alphatec Holdings Inc. (NASDAQ: ATEC). During the past 12 months, Alphatec Holdings Inc. has had a low of $7.11 and a high of $19.14. The fifty day moving average price for ATEC is $16.70 and a two-hundred day moving average price translates $13.91 for the stock.
According to the Medical Devices Company, earnings per share came in at -$0.4, missing analysts’ expectations of -$0.31 by -0.09. This compares to -$0.43 EPS in the same period last year. The net profit margin was -39.30% and return on equity was 581.90% for ATEC. The company reported revenue of $109.11 million for the quarter, compared to $70.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.82 percent. For the current quarter, analysts expect ATEC to generate $109.89M in revenue.
