Atricure (ATRC) Gets a Buy Rating from BTIG

By Austin Angelo

In a report released yesterday, Sean Lavin from BTIG maintained a Buy rating on Atricure (ATRCResearch Report), with a price target of $35. The company’s shares closed last Monday at $30.62.

According to TipRanks.com, Lavin is a 4-star analyst with an average return of 3.0% and a 53.4% success rate. Lavin covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings Inc, Helius Medical Technologies, and Tactile Systems Technology.

Atricure has an analyst consensus of Strong Buy, with a price target consensus of $36.80, representing a 19.6% upside. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock with a $40 price target.

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Based on Atricure’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.1 million. In comparison, last year the company had a GAAP net loss of $338K.

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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.