Notable Upgrades: AtriCure (ATRC), Stamps.com (STMP), Sonic Corp. (SONC), Groupon (GRPN)

AtriCure, Inc. (ATRC) was reiterated a ‘Buy’ by Canaccord Genuity analysts on Wednesday. The broker also raised its price target on the stock to $28 from $26.

AtriCure, Inc, currently valued at $612.36 million, has a median Wall Street price target of $25.00 with a high target of $33.00. Approximately 628K shares have already changed hands, compared to the stock’s average daily volume of 143K.

In the past 52 weeks, shares of West Chester, Ohio-based medical device company have traded between a low of $13.19 and a high of $22.97 with the 50-day MA and 200-day MA located at $18.85 and $17.75 levels, respectively. Additionally, shares of ATRC trade at a P/E ratio of -1.26 and have a Relative Strength Index (RSI) and MACD indicator of 79.37 and +1.80, respectively.

ATRC currently prints a one year return of 12.17% and a year-to-date return of around 9%.

Stamps.com Inc. (STMP) was reiterated as ‘Buy’ with a $70 from $57 price target on Wednesday by Craig Hallum.

Stamps.com Inc. shares are currently priced at 30.04x this year’s forecasted earnings compared to the industry’s 22.31x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.07 and 22.11, respectively. Price/sales for the same period is 6.46 while EPS is $2.25. Currently there are 3 analysts that rate STMP a ‘Buy’, 1 rates it a ‘Hold’. No analyst rates it a ‘Sell’. STMP has a median Wall Street price target of $54.00 with a high target of $66.00.

In the past 52 weeks, shares of El Segundo, California-based internet-based postage solutions provider have traded between a low of $27.18 and a high of $70.13 and are now at $67.60. Shares are up 71.02% year-over-year and 21.48% year-to-date.

Sonic Corp. (SONC) rating of ‘Hold’ was reiterated today at Jefferies with a price target increase of $36 from $29 (versus a $36.66 previous close).

Sonic Corp. shares have surged 43.87% over the past 52 weeks, while the S&P 500 index has gained 12.90% in the same period.

SONC recently traded at $33.41, down 8.87 percent.

Analysts at Wunderlich are out with a report today, upgrading shares of Groupon, Inc. (GRPN) with a ‘Buy‘ from ‘Hold‘ rating. The firm raised its price target for the company to $10 from $6, implying 66% upside.

Groupon Inc. shares curently have a forward P/E of 33.61 and t-12 price-to-sales ratio of 1.60. EPS for the same period is ($0.11).

In the past 52 weeks, shares of Chicago Illinois-based company have traded between a low of $5.18 and a high of $8.43 and are now at $7.75. Shares are down 6.67% year-over-year and 8.47% year-to-date.

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