AtriCure (ATRC) Earning Somewhat Favorable Press Coverage, Analysis Finds
News articles about AtriCure (NASDAQ:ATRC) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AtriCure earned a news impact score of 0.24 on Accern’s scale. Accern also gave press coverage about the medical device company an impact score of 46.6021222413004 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- -$0.21 Earnings Per Share Expected for AtriCure Inc. (ATRC) This Quarter (americanbankingnews.com)
- AtriCure Inc. (ATRC) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- AtriCure to Announce Fourth Quarter and Full Year 2017 Financial Results (finance.yahoo.com)
- Analyst Ratings for Globus Medical and Its Peers in February (finance.yahoo.com)
- Taking Stock of Globus Medical’s Recent Acquisitions (finance.yahoo.com)
Several brokerages have recently issued reports on ATRC. Canaccord Genuity reduced their price target on AtriCure from $28.00 to $24.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Needham & Company LLC reduced their price target on AtriCure from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. TheStreet lowered AtriCure from a “c-” rating to a “d+” rating in a report on Wednesday, November 29th. ValuEngine lowered AtriCure from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $24.00 price target on shares of AtriCure in a report on Sunday, December 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.33.
In related news, CFO M. Andrew Wade sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $18.41, for a total value of $36,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.
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AtriCure Company Profile
AtriCure, Inc is an atrial fibrillation (Afib) solutions company. The Company develops, manufactures, and sells devices designed primarily for the surgical ablation of cardiac tissue and systems designed for the exclusion of the left atrial appendage. It has various product lines for the ablation of cardiac tissue, including its Isolator Synergy Ablation System, for the treatment of persistent and longstanding persistent forms of Afib in patients undergoing certain open concomitant procedures.
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