SeaSpine Holdings Corporation (SPNE) Stock Rating Reaffirmed by HC Wainwright
SeaSpine Holdings Corporation (NASDAQ:SPNE)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a note issued to investors on Friday. They presently have a $15.00 price target on the medical equipment provider’s stock. HC Wainwright’s price target would indicate a potential upside of 46.91% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of SeaSpine Holdings Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, September 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $22.00 target price on shares of SeaSpine Holdings Corporation in a research note on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.67.
SeaSpine Holdings Corporation (NASDAQ SPNE) traded up $0.27 during mid-day trading on Friday, reaching $10.21. 93,096 shares of the company’s stock traded hands, compared to its average volume of 23,199. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.11 and a quick ratio of 1.45. SeaSpine Holdings Corporation has a 12-month low of $6.31 and a 12-month high of $13.46.
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A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in SeaSpine Holdings Corporation by 22.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 368,631 shares of the medical equipment provider’s stock worth $4,247,000 after acquiring an additional 68,737 shares during the period. Vanguard Group Inc. grew its stake in SeaSpine Holdings Corporation by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 334,832 shares of the medical equipment provider’s stock worth $3,857,000 after acquiring an additional 32,191 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of SeaSpine Holdings Corporation by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 249,499 shares of the medical equipment provider’s stock valued at $2,874,000 after purchasing an additional 5,655 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of SeaSpine Holdings Corporation by 120.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 244,247 shares of the medical equipment provider’s stock valued at $2,814,000 after purchasing an additional 133,625 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its holdings in shares of SeaSpine Holdings Corporation by 50.0% in the 3rd quarter. Hodges Capital Management Inc. now owns 180,000 shares of the medical equipment provider’s stock valued at $2,020,000 after purchasing an additional 60,000 shares during the last quarter. 39.36% of the stock is owned by hedge funds and other institutional investors.
About SeaSpine Holdings Corporation
SeaSpine Holdings Corporation is a medical technology company. The Company is focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. The Company operates through the development, manufacture and marketing of orthobiologics and spinal fusion hardware segment.
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