athenahealth Inc. (NASDAQ:ATHN) had its target price hoisted by Jefferies Group from $105.00 to $110.00 in a research note issued to investors on Friday morning. Jefferies Group currently has an underperform rating on the stock.
Other equities analysts also recently issued reports about the stock. Evercore ISI raised shares of athenahealth from a hold rating to a buy rating and set a $152.00 price target on the stock in a report on Monday, October 10th. Deutsche Bank AG downgraded shares of athenahealth from a buy rating to a hold rating and dropped their price objective for the company from $165.00 to $147.00 in a report on Friday, July 22nd. Zacks Investment Research downgraded shares of athenahealth from a strong-buy rating to a hold rating in a report on Tuesday, July 12th. Canaccord Genuity reaffirmed a hold rating and set a $142.00 price objective on shares of athenahealth in a report on Wednesday, June 29th. Finally, Leerink Swann reaffirmed a hold rating on shares of athenahealth in a report on Thursday, June 16th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $149.95.
athenahealth (NASDAQ:ATHN) traded up 1.12% during trading on Friday, reaching $124.80. 259,652 shares of the company’s stock traded hands. The company’s 50 day moving average is $123.67 and its 200-day moving average is $129.65. athenahealth has a 52-week low of $114.59 and a 52-week high of $170.42. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 458.82 and a beta of 1.28.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. The company earned $261.90 million during the quarter, compared to analysts’ expectations of $274.07 million. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. On average, analysts anticipate that athenahealth will post $1.77 earnings per share for the current fiscal year.
In related news, Director John A. Kane sold 2,875 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $128.81, for a total value of $370,328.75. Following the completion of the sale, the director now owns 10,708 shares of the company’s stock, valued at $1,379,297.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Bush sold 4,000 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $128.19, for a total value of $512,760.00. Following the completion of the sale, the chief executive officer now directly owns 312,109 shares of the company’s stock, valued at approximately $40,009,252.71. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. Advisor Group Inc. acquired a new stake in shares of athenahealth during the second quarter worth approximately $118,000. FineMark National Bank & Trust raised its stake in shares of athenahealth by 4.5% in the second quarter. FineMark National Bank & Trust now owns 944 shares of the company’s stock worth $130,000 after buying an additional 41 shares during the last quarter. KBC Group NV acquired a new stake in shares of athenahealth during the second quarter worth approximately $135,000. Societe Generale acquired a new stake in shares of athenahealth during the second quarter worth approximately $176,000. Finally, SG Americas Securities LLC raised its stake in shares of athenahealth by 27.7% in the second quarter. SG Americas Securities LLC now owns 1,277 shares of the company’s stock worth $176,000 after buying an additional 277 shares during the last quarter.
athenahealth Company Profile
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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