athenahealth (ATHN) Receives New Coverage from Analysts at Evercore ISI

Evercore ISI started coverage on shares of athenahealth (NASDAQ:ATHN) in a research note published on Thursday morning. The brokerage issued an in-line rating and a $140.00 price target on the health services provider’s stock.

Several other equities analysts have also weighed in on ATHN. BidaskClub lowered shares of athenahealth from a hold rating to a sell rating in a research report on Tuesday. KeyCorp reaffirmed a buy rating and set a $152.00 price target on shares of athenahealth in a research report on Friday, January 12th. Oppenheimer reaffirmed a buy rating and set a $184.00 price target on shares of athenahealth in a research report on Friday, October 20th. Citigroup started coverage on shares of athenahealth in a research report on Thursday, January 4th. They set a neutral rating on the stock. Finally, Canaccord Genuity reaffirmed a hold rating and set a $123.00 price target (down from $144.00) on shares of athenahealth in a research report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $142.96.

Shares of athenahealth (NASDAQ ATHN) traded up $2.80 on Thursday, hitting $128.33. 427,597 shares of the stock traded hands, compared to its average volume of 341,159. The company has a market capitalization of $5,250.00, a price-to-earnings ratio of 166.66, a PEG ratio of 2.93 and a beta of 1.58. athenahealth has a 52 week low of $95.01 and a 52 week high of $158.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, October 19th. The health services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The company had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. athenahealth had a net margin of 2.65% and a return on equity of 6.78%. The company’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. sell-side analysts expect that athenahealth will post 1.22 EPS for the current year.

In other news, Director David Eric Robinson sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $133.94, for a total value of $669,700.00. Following the sale, the director now directly owns 8,596 shares in the company, valued at approximately $1,151,348.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jonathan Bush sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $134.80, for a total transaction of $4,044,000.00. Following the completion of the sale, the chief executive officer now owns 320,807 shares in the company, valued at $43,244,783.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,900 shares of company stock worth $9,271,172. 3.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of athenahealth by 2.8% in the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock valued at $244,000 after purchasing an additional 47 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of athenahealth by 7.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 84 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of athenahealth by 1.3% in the 2nd quarter. Evercore Wealth Management LLC now owns 7,094 shares of the health services provider’s stock valued at $997,000 after purchasing an additional 94 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of athenahealth by 4.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,146 shares of the health services provider’s stock valued at $302,000 after purchasing an additional 100 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of athenahealth by 7.1% in the 3rd quarter. Stifel Financial Corp now owns 8,828 shares of the health services provider’s stock valued at $1,094,000 after purchasing an additional 582 shares in the last quarter.

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About athenahealth

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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