AtriCure (NASDAQ:ATRC) Stock Rating Lowered by BidaskClub
ATRC has been the topic of a number of other research reports. Northland Securities lowered shares of AtriCure from an outperform rating to a market perform rating and set a $30.00 price target on the stock. in a report on Tuesday, August 13th. BTIG Research reiterated a buy rating and set a $35.00 price target on shares of AtriCure in a report on Tuesday, August 13th. Needham & Company LLC set a $39.00 price target on shares of AtriCure and gave the stock a buy rating in a report on Monday, August 12th. Piper Jaffray Companies set a $40.00 price target on shares of AtriCure and gave the stock a buy rating in a report on Monday, August 12th. Finally, Zacks Investment Research lowered shares of AtriCure from a buy rating to a hold rating in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. AtriCure has an average rating of Buy and an average price target of $36.57.
Shares of NASDAQ:ATRC opened at $27.32 on Thursday. The firm has a market cap of $1.04 billion, a PE ratio of -29.06 and a beta of 0.24. The firm’s fifty day moving average is $30.99 and its 200-day moving average is $29.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.10 and a current ratio of 3.72. AtriCure has a 52 week low of $26.11 and a 52 week high of $36.49.
In related news, CEO Michael H. Carrel sold 1,454 shares of AtriCure stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $33.00, for a total transaction of $47,982.00. Following the completion of the transaction, the chief executive officer now owns 637,557 shares of the company’s stock, valued at $21,039,381. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Justin J. Noznesky sold 10,000 shares of AtriCure stock in a transaction on Monday, June 17th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the transaction, the senior vice president now directly owns 94,068 shares of the company’s stock, valued at approximately $2,822,040. The disclosure for this sale can be found here. Insiders have sold 37,158 shares of company stock valued at $1,169,102 in the last three months. 8.00% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. raised its stake in AtriCure by 109.7% during the second quarter. Assetmark Inc. now owns 975 shares of the medical device company’s stock worth $29,000 after buying an additional 510 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in AtriCure by 4.7% during the second quarter. Virginia Retirement Systems ET AL now owns 17,900 shares of the medical device company’s stock worth $534,000 after buying an additional 800 shares during the last quarter. Quantum Capital Management increased its stake in AtriCure by 0.7% in the first quarter. Quantum Capital Management now owns 127,035 shares of the medical device company’s stock valued at $3,403,000 after purchasing an additional 845 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in AtriCure by 114.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,597 shares of the medical device company’s stock valued at $48,000 after purchasing an additional 853 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in AtriCure by 6.4% in the second quarter. Parametric Portfolio Associates LLC now owns 16,738 shares of the medical device company’s stock valued at $499,000 after purchasing an additional 1,006 shares in the last quarter. 89.99% of the stock is owned by institutional investors and hedge funds.
AtriCure, Inc develops, manufactures, and sells devices for the surgical ablation of cardiac tissue and systems to medical centers in the United States and internationally. The company offers Isolator Synergy and Isolator Synergy Access clamps for the treatment of persistent and long-standing persistent atrial fibrillation concomitant to other open-heart surgical procedures; EPi-Sense guided coagulation system used for the coagulation of tissue; and COBRA Fusion surgical ablation system to combine bipolar temperature-controlled radio frequency energy control with monopolar energy.
Recommended Story: Strike Price
Receive News & Ratings for AtriCure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AtriCure and related companies with MarketBeat.com's FREE daily email newsletter.