SeaSpine Holdings Corporation (SPNE) Receives $19.00 Average Price Target from Analysts

SeaSpine Holdings Corporation (NASDAQ:SPNE) has earned an average rating of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.00.

SPNE has been the topic of several recent analyst reports. Zacks Investment Research raised SeaSpine from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, November 8th. BTIG Research reaffirmed a “buy” rating on shares of SeaSpine in a report on Monday, November 6th. Ladenburg Thalmann Financial Services assumed coverage on SeaSpine in a report on Thursday, December 14th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $15.00 price target on shares of SeaSpine in a report on Friday, November 3rd.

Shares of SeaSpine (NASDAQ:SPNE) traded up $0.15 during trading hours on Monday, reaching $10.14. The company had a trading volume of 10,990 shares, compared to its average volume of 21,899. SeaSpine has a 1 year low of $6.31 and a 1 year high of $13.46. The company has a market capitalization of $136.17 and a PE ratio of -3.48.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of SeaSpine by 10.6% in the second quarter. Vanguard Group Inc. now owns 334,832 shares of the medical equipment provider’s stock valued at $3,857,000 after buying an additional 32,191 shares in the last quarter. FNY Partners Fund LP increased its holdings in shares of SeaSpine by 44.2% in the third quarter. FNY Partners Fund LP now owns 59,102 shares of the medical equipment provider’s stock valued at $663,000 after buying an additional 18,102 shares in the last quarter. OxFORD Asset Management LLP increased its holdings in shares of SeaSpine by 86.1% in the third quarter. OxFORD Asset Management LLP now owns 46,527 shares of the medical equipment provider’s stock valued at $524,000 after buying an additional 21,520 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of SeaSpine by 50.0% in the third quarter. Hodges Capital Management Inc. now owns 180,000 shares of the medical equipment provider’s stock valued at $2,020,000 after buying an additional 60,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of SeaSpine by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 368,631 shares of the medical equipment provider’s stock valued at $4,247,000 after buying an additional 68,737 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors.

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SeaSpine Company Profile

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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