AtriCure, Inc. (NASDAQ:ATRC) has earned a consensus rating of "Buy" from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $86.25.
ATRC has been the topic of a number of analyst reports. SVB Leerink upped their price objective on AtriCure from $78.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 26th. Stifel Nicolaus upped their price objective on AtriCure from $72.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on AtriCure from $70.00 to $81.00 and gave the stock an "overweight" rating in a research note on Friday, May 14th. Oppenheimer upped their price objective on AtriCure from $65.00 to $75.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research cut AtriCure from a "buy" rating to a "hold" rating in a research note on Friday, April 30th.
In related news, Director Sven Wehrwein sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $77.97, for a total transaction of $779,700.00. Following the transaction, the director now directly owns 12,686 shares of the company's stock, valued at approximately $989,127.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott William Drake sold 38,641 shares of the business's stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $77.90, for a total value of $3,010,133.90. Following the transaction, the director now directly owns 79,677 shares in the company, valued at $6,206,838.30. The disclosure for this sale can be found here. Insiders have sold a total of 60,480 shares of company stock worth $4,642,804 over the last three months. 3.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ATRC. Altshuler Shaham Ltd acquired a new position in AtriCure in the 1st quarter valued at $40,000. Harbor Investment Advisory LLC grew its holdings in AtriCure by 58.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 646 shares of the medical device company's stock valued at $42,000 after buying an additional 239 shares in the last quarter. FORA Capital LLC acquired a new position in AtriCure in the 1st quarter valued at $53,000. First Horizon Advisors Inc. grew its holdings in AtriCure by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 981 shares of the medical device company's stock valued at $54,000 after buying an additional 244 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in AtriCure in the 1st quarter valued at $57,000. 97.26% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ATRC opened at $74.54 on Friday. The company has a market cap of $3.40 billion, a PE ratio of -67.15 and a beta of 1.07. The company has a 50 day moving average price of $72.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.10 and a quick ratio of 4.48. AtriCure has a 52 week low of $34.04 and a 52 week high of $80.44.
AtriCure (NASDAQ:ATRC) last released its earnings results on Monday, April 26th. The medical device company reported ($0.38) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.38). The firm had revenue of $59.28 million for the quarter, compared to analysts' expectations of $56.24 million. AtriCure had a negative return on equity of 10.49% and a negative net margin of 22.89%. Sell-side analysts forecast that AtriCure will post -1.15 earnings per share for the current fiscal year.
AtriCure, Inc develops, manufactures, and sells devices for the surgical ablation of cardiac tissue and systems to medical centers in the United States, Europe, Asia, and internationally. It offers Isolator Synergy Clamps, a single-use disposable radio frequency products; multifunctional pens and linear ablation devices, such as the MAX Pen device that enables surgeons to evaluate cardiac arrhythmias, perform temporary cardiac pacing, sensing, and stimulation and ablate cardiac tissue with the same device; and the Coolrail device, which enable users to make longer linear lines of ablation.
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