Alphatec Holdings Inc. (NASDAQ:ATEC) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Alphatec Holdings’ rating score has improved by 25% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $24.01 for the company, according to Zacks. Zacks has also assigned Alphatec Holdings an industry rank of 99 out of 265 based on the ratings given to related companies.
An institutional investor recently raised its position in Alphatec Holdings stock. Renaissance Technologies LLC increased its stake in Alphatec Holdings Inc. (NASDAQ:ATEC) by 24.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 889,000 shares of the medical technology company’s stock after buying an additional 175,400 shares during the period. Renaissance Technologies LLC owned about 0.89% of Alphatec Holdings worth $213,000 at the end of the most recent quarter.
Alphatec Holdings (NASDAQ:ATEC) traded up 1.46% during midday trading on Tuesday, reaching $8.33. The company’s stock had a trading volume of 60,925 shares. The firm has a 50 day moving average price of $4.77 and a 200 day moving average price of $3.63. Alphatec Holdings has a 1-year low of $1.80 and a 1-year high of $9.43.
Alphatec Holdings Company Profile
Alphatec Holdings, Inc is a medical technology company. The Company through its subsidiary, Alphatec Spine, Inc and its subsidiaries (Alphatec Spine) designs, develops, manufactures and markets products for the surgical treatment of spine disorders. Its product portfolio and pipeline addresses the cervical, thoracolumbar and intervertebral regions of the spine and covers a range of spinal disorders and surgical procedures.
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