athenahealth Inc. (NASDAQ:ATHN) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are currently covering the company. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $144.87.
A number of analysts have recently issued reports on ATHN shares. Stifel Nicolaus assumed coverage on athenahealth in a research note on Wednesday, August 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered athenahealth from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Leerink Swann reissued a “hold” rating on shares of athenahealth in a research note on Thursday, June 16th. FBR & Co lowered their price objective on athenahealth from $145.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, July 22nd. Finally, Canaccord Genuity reissued a “hold” rating and set a $142.00 price objective on shares of athenahealth in a research note on Wednesday, June 29th.
Shares of athenahealth (NASDAQ:ATHN) opened at 125.97 on Wednesday. athenahealth has a 1-year low of $114.59 and a 1-year high of $170.42. The firm has a 50-day moving average price of $123.18 and a 200-day moving average price of $129.87. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 463.12 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. The firm earned $261.90 million during the quarter, compared to analyst estimates of $274.07 million. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. Equities analysts forecast that athenahealth will post $1.77 EPS for the current year.
In other news, CEO Jonathan Bush sold 4,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $128.19, for a total transaction of $512,760.00. Following the completion of the transaction, the chief executive officer now directly owns 312,109 shares of the company’s stock, valued at approximately $40,009,252.71. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Daniel P. Haley sold 2,109 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $124.43, for a total value of $262,422.87. Following the transaction, the senior vice president now directly owns 3,195 shares of the company’s stock, valued at $397,553.85. The disclosure for this sale can be found here. Company insiders own 3.04% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC acquired a new position in athenahealth during the first quarter valued at about $984,000. State Street Corp boosted its position in athenahealth by 3.2% in the first quarter. State Street Corp now owns 457,047 shares of the company’s stock valued at $63,430,000 after buying an additional 14,099 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in athenahealth during the first quarter valued at about $5,523,000. Landscape Capital Management L.L.C. boosted its position in athenahealth by 161.5% in the first quarter. Landscape Capital Management L.L.C. now owns 9,205 shares of the company’s stock valued at $1,277,000 after buying an additional 5,685 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in athenahealth by 28.1% in the first quarter. Bessemer Group Inc. now owns 1,295 shares of the company’s stock valued at $180,000 after buying an additional 284 shares in 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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