In a report released yesterday, Marie Thibault from BTIG reiterated a Buy rating on Atricure (ATRC), with a price target of $45.00. The company’s shares closed last Wednesday at $41.39, close to its 52-week high of $44.51.
According to TipRanks.com, Thibault is a 3-star analyst with an average return of 6.6% and a 46.7% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Varian Medical Systems, and Edwards Lifesciences.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Atricure with a $45.88 average price target.
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Based on Atricure’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $61.32 million and GAAP net loss of $16.1 million. In comparison, last year the company earned revenue of $52.89 million and had a GAAP net loss of $3.43 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATRC in relation to earlier this year. Earlier this month, Mark Lanning, a Director at ATRC bought 10,000 shares for a total of $51,500.
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AtriCure, Inc. engages development, manufacture and sale of devices designed primarily for the surgical ablation of cardiac tissue, and systems for the exclusion of the left atrial appendage. Its products include radio Frequency (RF) ablation pacing and sensing, cryo, left atrial appendage management, soft tissue dissection, estech surgical instrumentation, and cart configuration. It operates through the following geographical segments: United States, Europe, Asia, Other International, and Total International. The company was founded by Michael D. Hooven on October 31, 2000 and is headquartered in West Chester, OH.
