Lake Street Keeps Their Buy Rating on Alphatec Holdings (ATEC)

Lake Street analyst Ben Haynor maintained a Buy rating on Alphatec Holdings today and set a price target of $25.00.

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Haynor covers the Healthcare sector, focusing on stocks such as Profound Medical, Butterfly Network, and Treace Medical Concepts. According to TipRanks, Haynor has an average return of -5.6% and a 36.27% success rate on recommended stocks.

In addition to Lake Street, Alphatec Holdings also received a Buy from Canaccord Genuity’s Caitlin Cronin in a report issued on January 13. However, on January 16, TipRanks – OpenAI 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 92 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. Last month, David R Pelizzon, a Director at ATEC sold 250,000.00 shares for a total of $4,915,000.00.