athenahealth, Inc (NASDAQ:ATHN) Director Jeffrey R. Immelt purchased 7,200 shares of the stock in a transaction dated Tuesday, February 20th. The shares were bought at an average price of $138.44 per share, for a total transaction of $996,768.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of athenahealth, Inc (ATHN) traded up $1.40 during trading hours on Wednesday, reaching $136.87. 211,033 shares of the company were exchanged, compared to its average volume of 606,332. The company has a market capitalization of $5,480.00, a PE ratio of 110.38, a PEG ratio of 2.93 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.84. athenahealth, Inc has a 12-month low of $95.01 and a 12-month high of $158.66.
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, topping the Zacks’ consensus estimate of $0.63 by $0.48. The firm had revenue of $329.20 million during the quarter, compared to analyst estimates of $319.64 million. athenahealth had a net margin of 4.35% and a return on equity of 9.21%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. equities analysts anticipate that athenahealth, Inc will post 2.29 earnings per share for the current year.
Several research firms have recently commented on ATHN. Piper Jaffray Companies restated a “buy” rating and set a $160.00 price target on shares of athenahealth in a report on Friday, February 16th. BidaskClub upgraded shares of athenahealth from a “strong sell” rating to a “sell” rating in a report on Saturday. Royal Bank of Canada set a $141.00 price target on shares of athenahealth and gave the company a “hold” rating in a report on Thursday, February 15th. SunTrust Banks boosted their price target on shares of athenahealth to $180.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Canaccord Genuity boosted their price target on shares of athenahealth from $123.00 to $137.00 and gave the company a “hold” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $144.23.
A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in athenahealth by 1.4% during the 4th quarter. BlackRock Inc. now owns 1,661,698 shares of the health services provider’s stock worth $221,073,000 after acquiring an additional 22,767 shares during the last quarter. Allianz Asset Management GmbH lifted its position in athenahealth by 67.0% during the 4th quarter. Allianz Asset Management GmbH now owns 555,766 shares of the health services provider’s stock worth $73,939,000 after acquiring an additional 223,006 shares during the last quarter. Jackson Square Partners LLC lifted its position in athenahealth by 1.1% during the 4th quarter. Jackson Square Partners LLC now owns 531,549 shares of the health services provider’s stock worth $70,717,000 after acquiring an additional 5,811 shares during the last quarter. State Street Corp lifted its position in athenahealth by 2.0% during the 2nd quarter. State Street Corp now owns 512,675 shares of the health services provider’s stock worth $72,052,000 after acquiring an additional 9,852 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its position in athenahealth by 30.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 511,863 shares of the health services provider’s stock worth $68,098,000 after acquiring an additional 118,411 shares during the last quarter.
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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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