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.
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.
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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.
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