Alphatec Holdings (ATEC) Receives a Buy from Wells Fargo
Wells Fargo analyst Vik Chopra maintained a Buy rating on Alphatec Holdings today and set a price target of $20.00.
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Chopra covers the Healthcare sector, focusing on stocks such as Alphatec Holdings, Globus Medical, and Solventum Corporation. According to TipRanks, Chopra has an average return of 8.2% and a 43.90% success rate on recommended stocks.
In addition to Wells Fargo, Alphatec Holdings also received a Buy from Freedom Capital Markets’s Keith Hinton in a report issued on December 10. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on Alphatec Holdings (NASDAQ: ATEC).
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 90 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, David R Pelizzon, a Director at ATEC sold 250,000.00 shares for a total of $5,295,098.22.
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