Alphatec Holdings (ATEC) Receives a New Rating from Freedom Capital Markets
Freedom Capital Markets analyst Keith Hinton initiated coverage with a Buy rating on Alphatec Holdings today and set a price target of $25.00.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alphatec Holdings with a $23.17 average price target.
Based on Alphatec Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $196.5 million and a GAAP net loss of $28.58 million. In comparison, last year the company earned a revenue of $150.72 million and had a GAAP net loss of $39.62 million
Based on the recent corporate insider activity of 83 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. Earlier this month, Tyson Eliot Marshall, the GC & CORP. SEC of ATEC sold 9,924.00 shares for a total of $213,167.52.
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