Cantor Fitzgerald Reaffirms “Overweight” Rating for athenahealth, Inc (ATHN)

athenahealth, Inc (NASDAQ:ATHN)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a report released on Friday. They currently have a $140.00 price objective on the health services provider’s stock, up from their previous price objective of $118.00. Cantor Fitzgerald’s price objective would suggest a potential upside of 7.63% from the stock’s current price.

Other research analysts also recently issued reports about the company. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $142.00 price objective on shares of athenahealth in a report on Wednesday, April 19th. Jefferies Group LLC upgraded athenahealth from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $95.00 to $135.00 in a report on Friday. Evercore ISI restated an “outperform” rating and set a $147.00 price objective (up from $118.00) on shares of athenahealth in a report on Friday. Leerink Swann set a $140.00 price objective on athenahealth and gave the stock a “hold” rating in a report on Friday. Finally, Robert W. Baird set a $140.00 price objective on athenahealth and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. athenahealth has a consensus rating of “Buy” and an average target price of $133.11.

Analyst Recommendations for athenahealth (NASDAQ:ATHN)

athenahealth (NASDAQ:ATHN) traded up 0.62% during trading on Friday, hitting $130.87. The stock had a trading volume of 685,850 shares. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 257.62 and a beta of 1.77. The stock has a 50 day moving average price of $111.41 and a 200-day moving average price of $110.73. athenahealth has a 12 month low of $90.11 and a 12 month high of $142.40.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, April 27th. The health services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.01. athenahealth had a return on equity of 6.41% and a net margin of 1.94%. The business had revenue of $285.40 million for the quarter, compared to the consensus estimate of $296.49 million. During the same period in the prior year, the business posted $0.34 earnings per share. athenahealth’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts predict that athenahealth will post $1.89 EPS for the current year.

WARNING: This article was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/05/19/cantor-fitzgerald-reaffirms-overweight-rating-for-athenahealth-inc-athn.html.

In other athenahealth news, CEO Jonathan Bush sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $120.00, for a total transaction of $960,000.00. Following the completion of the sale, the chief executive officer now directly owns 319,807 shares in the company, valued at approximately $38,376,840. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jonathan D. Porter sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $109.48, for a total value of $32,844.00. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.

A number of large investors have recently bought and sold shares of ATHN. State Board of Administration of Florida Retirement System raised its stake in athenahealth by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 57,608 shares of the health services provider’s stock valued at $6,059,000 after buying an additional 1,068 shares during the period. Essex Financial Services Inc. purchased a new stake in athenahealth during the fourth quarter valued at approximately $243,000. Russell Investments Group Ltd. purchased a new stake in athenahealth during the fourth quarter valued at approximately $118,000. Bell State Bank & Trust raised its stake in athenahealth by 5.7% in the third quarter. Bell State Bank & Trust now owns 2,615 shares of the health services provider’s stock valued at $330,000 after buying an additional 142 shares during the period. Finally, Avalon Global Asset Management LLC raised its stake in athenahealth by 9.5% in the third quarter. Avalon Global Asset Management LLC now owns 57,500 shares of the health services provider’s stock valued at $7,252,000 after buying an additional 5,000 shares during the period.

athenahealth Company Profile

athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.

5 Day Chart for NASDAQ:ATHN

Receive News & Ratings for athenahealth Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply