athenahealth (ATHN) Trading Up 5.6%

Shares of athenahealth, Inc (NASDAQ:ATHN) were up 5.6% during trading on Wednesday . The stock traded as high as $138.11 and last traded at $137.74. Approximately 663,034 shares traded hands during trading, an increase of 14% from the average daily volume of 580,240 shares. The stock had previously closed at $130.40.

Several analysts have commented on ATHN shares. Piper Jaffray Companies restated a “buy” rating and set a $167.00 target price on shares of athenahealth in a report on Tuesday, October 17th. Leerink Swann set a $155.00 target price on shares of athenahealth and gave the stock a “hold” rating in a report on Thursday, October 19th. Cantor Fitzgerald restated a “hold” rating and set a $145.00 target price on shares of athenahealth in a report on Friday, October 20th. KeyCorp lowered their price objective on shares of athenahealth from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 20th. Finally, Oppenheimer reiterated a “buy” rating and issued a $184.00 price objective on shares of athenahealth in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $145.05.

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $5,510.00, a P/E ratio of 105.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.35.

athenahealth (NASDAQ:ATHN) last released its earnings results on Thursday, February 1st. The health services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.48. athenahealth had a net margin of 4.35% and a return on equity of 9.21%. The business had revenue of $329.20 million during the quarter, compared to analysts’ expectations of $319.64 million. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. equities research analysts anticipate that athenahealth, Inc will post 2.29 EPS for the current fiscal year.

In related news, Director Amy Abernethy sold 500 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $134.18, for a total value of $67,090.00. Following the completion of the transaction, the director now directly owns 4,045 shares of the company’s stock, valued at $542,758.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Bush sold 25,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $145.00, for a total transaction of $3,625,000.00. The disclosure for this sale can be found here. Insiders sold 98,703 shares of company stock valued at $13,487,150 over the last three months. 3.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of athenahealth by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,661,698 shares of the health services provider’s stock valued at $221,073,000 after buying an additional 22,767 shares in the last quarter. Allianz Asset Management GmbH boosted its position in athenahealth by 67.0% during the fourth quarter. Allianz Asset Management GmbH now owns 555,766 shares of the health services provider’s stock worth $73,939,000 after purchasing an additional 223,006 shares during the period. Jackson Square Partners LLC boosted its position in athenahealth by 1.1% during the fourth quarter. Jackson Square Partners LLC now owns 531,549 shares of the health services provider’s stock worth $70,717,000 after purchasing an additional 5,811 shares during the period. State Street Corp boosted its position in athenahealth by 2.0% during the second quarter. State Street Corp now owns 512,675 shares of the health services provider’s stock worth $72,052,000 after purchasing an additional 9,852 shares during the period. Finally, ArrowMark Colorado Holdings LLC boosted its position in athenahealth by 30.1% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 511,863 shares of the health services provider’s stock worth $68,098,000 after purchasing an additional 118,411 shares during the period.

WARNING: “athenahealth (ATHN) Trading Up 5.6%” was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2018/02/15/athenahealth-athn-trading-up-5-6.html.

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.

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

Latest News

Leave a Reply