Evercore ISI upgraded shares of athenahealth Inc. (NASDAQ:ATHN) from a hold rating to a buy rating in a research note released on Monday morning. The brokerage currently has $152.00 target price on the stock.
ATHN has been the topic of a number of other reports. Deutsche Bank AG lowered athenahealth from a buy rating to a hold rating and decreased their target price for the stock from $165.00 to $147.00 in a research note on Friday, July 22nd. Zacks Investment Research cut athenahealth from a strong-buy rating to a hold rating in a report on Tuesday, July 12th. Canaccord Genuity restated a hold rating and set a $142.00 target price on shares of athenahealth in a report on Wednesday, June 29th. Leerink Swann restated a hold rating on shares of athenahealth in a report on Thursday, June 16th. Finally, Stifel Nicolaus started coverage on athenahealth in a report on Wednesday, August 31st. They set a hold rating for the company. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $149.70.
athenahealth (NASDAQ:ATHN) traded down 0.79% during trading on Monday, reaching $128.93. The company’s stock had a trading volume of 8,504 shares. The stock has a market cap of $5.07 billion, a PE ratio of 474.01 and a beta of 1.28. athenahealth has a 12 month low of $114.59 and a 12 month high of $170.42. The company’s 50-day moving average is $123.40 and its 200-day moving average is $129.78.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $274.07 million. Equities analysts expect that athenahealth will post $1.77 EPS for the current fiscal year.
In other athenahealth news, VP Karl Stubelis sold 928 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $123.36, for a total transaction of $114,478.08. Following the sale, the vice president now directly owns 1,375 shares in the company, valued at approximately $169,620. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John A. Kane sold 2,875 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $128.81, for a total value of $370,328.75. Following the sale, the director now owns 10,708 shares in the company, valued at $1,379,297.48. The disclosure for this sale can be found here. Company insiders own 3.04% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in athenahealth by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 14,737 shares of the company’s stock worth $2,034,000 after buying an additional 274 shares during the period. Schwab Charles Investment Management Inc. increased its position in athenahealth by 5.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 122,658 shares of the company’s stock worth $16,929,000 after buying an additional 5,999 shares during the period. Amalgamated Bank increased its position in athenahealth by 36.3% in the second quarter. Amalgamated Bank now owns 6,216 shares of the company’s stock worth $777,000 after buying an additional 1,655 shares during the period. Legal & General Group Plc increased its position in athenahealth by 21.4% in the second quarter. Legal & General Group Plc now owns 3,379 shares of the company’s stock worth $466,000 after buying an additional 596 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in athenahealth by 1.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,929 shares of the company’s stock worth $404,000 after buying an additional 39 shares during the period.
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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