Canaccord Genuity Maintains a Buy Rating on SeaSpine Holdings (SPNE)

By Ryan Adsit

Canaccord Genuity analyst Kyle Rose maintained a Buy rating on SeaSpine Holdings (SPNEResearch Report) yesterday and set a price target of $23.00. The company’s shares closed last Monday at $16.11.

According to TipRanks.com, Rose is a 5-star analyst with an average return of 12.6% and a 56.5% success rate. Rose covers the Healthcare sector, focusing on stocks such as Zimmer Biomet Holdings, Smith & Nephew Snats, and Alphatec Holdings.

SeaSpine Holdings has an analyst consensus of Strong Buy, with a price target consensus of $22.00.

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The company has a one-year high of $18.98 and a one-year low of $4.02. Currently, SeaSpine Holdings has an average volume of 96.86K.

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SeaSpine Holdings Corp. is a medical technology company, which focuses on design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders. It has a comprehensive portfolio of orthobiologics and spinal fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures on the lumbar, thoracic and cervical spine. The company was founded on February 12, 2015 and is headquartered in Carlsbad, CA.