Alpha Tau Medical’s (DRTS) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Alpha Tau Medical (NASDAQ:DRTSFree Report) in a research note published on Thursday,Benzinga reports. They currently have a $15.00 price target on the stock.

A number of other equities analysts have also recently issued reports on DRTS. Barclays increased their price target on Alpha Tau Medical from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Piper Sandler boosted their target price on shares of Alpha Tau Medical from $5.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Alpha Tau Medical in a research note on Monday, April 20th. Zacks Research lowered shares of Alpha Tau Medical from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 1st. Finally, LADENBURG THALM/SH SH raised their price target on shares of Alpha Tau Medical from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.60.

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Alpha Tau Medical Trading Up 14.1%

DRTS opened at $13.55 on Thursday. Alpha Tau Medical has a twelve month low of $2.87 and a twelve month high of $14.11. The company has a fifty day moving average of $10.83 and a 200-day moving average of $8.42. The stock has a market cap of $1.22 billion, a PE ratio of -20.22 and a beta of 1.17. The company has a quick ratio of 7.79, a current ratio of 7.79 and a debt-to-equity ratio of 0.09.

Alpha Tau Medical (NASDAQ:DRTSGet Free Report) last released its earnings results on Monday, May 18th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.13). On average, sell-side analysts predict that Alpha Tau Medical will post -0.67 EPS for the current year.

Insider Buying and Selling

In other news, CFO Raphi Levy sold 2,270 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $14.00, for a total transaction of $31,780.00. Following the completion of the sale, the chief financial officer owned 90,180 shares in the company, valued at $1,262,520. The trade was a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 112,270 shares of company stock valued at $1,270,923 over the last ninety days. Company insiders own 39.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mariner LLC grew its holdings in Alpha Tau Medical by 1.6% during the fourth quarter. Mariner LLC now owns 125,165 shares of the company’s stock worth $620,000 after buying an additional 1,915 shares in the last quarter. Trifecta Capital Advisors LLC purchased a new stake in shares of Alpha Tau Medical during the fourth quarter valued at approximately $48,000. Everhart Financial Group Inc. bought a new stake in Alpha Tau Medical during the second quarter worth $126,000. Envestnet Asset Management Inc. purchased a new position in Alpha Tau Medical in the third quarter worth $62,000. Finally, Wells Fargo & Company MN boosted its position in Alpha Tau Medical by 291.7% in the fourth quarter. Wells Fargo & Company MN now owns 23,500 shares of the company’s stock worth $116,000 after purchasing an additional 17,500 shares during the last quarter. Institutional investors and hedge funds own 2.65% of the company’s stock.

Alpha Tau Medical Company Profile

(Get Free Report)

Alpha Tau Medical Ltd. is a medical technology company headquartered in Ness Ziona, Israel, focused on developing targeted alpha-radiation therapies for the treatment of solid tumors. The company’s core innovation, known as Diffusing Alpha-emitters Radiation Therapy (DaRT), employs short-lived radioactive isotopes to deliver high-energy alpha particles directly within or adjacent to tumor tissues. By harnessing the potent cytotoxic effects of alpha radiation, Alpha Tau Medical aims to offer a novel approach to brachytherapy that can potentially overcome radioresistance and spare surrounding healthy tissue.

The company’s lead product, Alpha DaRT, is currently being evaluated in clinical studies for a range of indications including recurrent or metastatic head and neck cancers, skin cancers, and other solid tumors.

Further Reading

Analyst Recommendations for Alpha Tau Medical (NASDAQ:DRTS)

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