H.C. Wainwright Believes SeaSpine Holdings (NASDAQ: SPNE) Won’t Stop Here

By Austin Angelo

H.C. Wainwright analyst Swayampakula Ramakanth reiterated a Buy rating on SeaSpine Holdings (SPNEResearch Report) today and set a price target of $19. The company’s shares closed yesterday at $17.39, close to its 52-week high of $18.42.

According to TipRanks.com, Ramakanth is a 3-star analyst with an average return of 2.5% and a 35.9% success rate. Ramakanth covers the Healthcare sector, focusing on stocks such as Diffusion Pharmaceuticals Inc, IntelGenx Technologies, and Trillium Therapeutics.

SeaSpine Holdings has an analyst consensus of Strong Buy, with a price target consensus of $20.88, representing a 20.1% upside. In a report issued on November 6, BTIG also maintained a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $18.42 and a one-year low of $8.76. Currently, SeaSpine Holdings has an average volume of 91.66K.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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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.