Alphatec (ATEC) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alphatec in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ATEC shares.
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7 brokerages have issued 12 month price targets for Alphatec's shares. Their ATEC share price forecasts range from $12.00 to $32.00. On average, they predict the company's stock price to reach $22.00 in the next twelve months. This suggests a possible upside of 72.3% from the stock's current price.
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Alphatec's stock was trading at $12.35 at the beginning of the year. Since then, ATEC stock has increased by 3.4% and is now trading at $12.77.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Alphatec Holdings, Inc. (NASDAQ:ATEC) released its quarterly earnings results on Thursday, August, 3rd. The medical technology company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.30) by $0.13. The medical technology company earned $116.92 million during the quarter, compared to analysts' expectations of $110.18 million.

ETFs with the largest weight of Alphatec (NASDAQ:ATEC) stock in their portfolio include Jacob Forward ETF (JFWD), Innovator IBD 50 ETF (FFTY), SPDR S&P Health Care Equipment ETF (XHE) and Invesco Dorsey Wright Healthcare Momentum ETF (PTH).First Trust Nasdaq Lux Digital Health Solutions ETF (EKG).

Alphatec issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $462.00 million-$462.00 million, compared to the consensus revenue estimate of $451.05 million.

19 employees have rated Alphatec Chief Executive Officer Pat Miles on Glassdoor.com. Pat Miles has an approval rating of 72% among the company's employees. 63.0% of employees surveyed would recommend working at Alphatec to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alphatec investors own include Macrocure Ltd. - Ordinary Share (MCUR), LinnCo (LNCOQ), California Resources (CRC), Sorrento Therapeutics (SRNE), Catalyst Pharmaceuticals (CPRX), (GBSN) (GBSN), Idera Pharmaceuticals (IDRA), Athersys (ATHX), Anavex Life Sciences (AVXL) and BioCryst Pharmaceuticals (BCRX).

Alphatec trades on the NASDAQ under the ticker symbol "ATEC."

Alphatec's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Driehaus Capital Management LLC (2.29%), State Street Corp (1.79%), Cerity Partners LLC (1.56%), Geode Capital Management LLC (1.36%), Nuveen Asset Management LLC (1.29%) and Nuveen Asset Management LLC (1.29%). Insiders that own company stock include Craig E Hunsaker, David H Mowry, David R Pelizzon, David Sponsel, Elizabeth Ann Altman, Evan Bakst, James L L Tullis, James L L Tullis, Jason Hochberg, Jeffrey G Black, Jennifer N Pritzker, Jennifer N Pritzker, John Todd Koning, L-5 Healthcare Partners, Llc, Mortimer Berkowitz III, Patrick Miles, Paul Segal and Scott Lish.
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Shares of ATEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATEC stock can currently be purchased for approximately $12.77.

Alphatec (NASDAQ:ATEC) has a market capitalization of $1.54 billion and generates $350.87 million in revenue each year. The medical technology company earns $-152,150,000.00 in net income (profit) each year or ($1.51) on an earnings per share basis.

The company employs 705 workers across the globe.

Alphatec's mailing address is 5818 EL CAMINO REAL, CARLSBAD CA, 92008. The official website for the company is www.atecspine.com. The medical technology company can be reached via phone at (760) 431-9286, via email at ir@alphatecspine.com, or via fax at 800-922-1356.