News coverage about athenahealth (NASDAQ:ATHN) has trended somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. athenahealth earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the health services provider an impact score of 45.6740254336454 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
ATHN has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $140.00 price target on shares of athenahealth in a report on Monday. ValuEngine downgraded shares of athenahealth from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BidaskClub downgraded shares of athenahealth from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. JPMorgan Chase initiated coverage on shares of athenahealth in a report on Tuesday, April 24th. They issued a “neutral” rating and a $159.00 price target on the stock. Finally, SunTrust Banks upped their price target on shares of athenahealth to $180.00 and gave the company a “buy” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $149.00.
Shares of athenahealth opened at $148.59 on Thursday, according to MarketBeat Ratings. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.03 billion, a P/E ratio of 94.64, a PEG ratio of 2.77 and a beta of 1.16. athenahealth has a 1 year low of $147.02 and a 1 year high of $149.87.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, April 26th. The health services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $0.72 by $0.53. athenahealth had a net margin of 6.77% and a return on equity of 13.01%. The firm had revenue of $329.40 million during the quarter, compared to analyst estimates of $318.13 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. athenahealth’s revenue for the quarter was up 15.4% compared to the same quarter last year. equities analysts predict that athenahealth will post 2.92 EPS for the current year.
In related news, CEO Jonathan Bush sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $124.01, for a total transaction of $620,050.00. Following the completion of the transaction, the chief executive officer now owns 340,106 shares of the company’s stock, valued at $42,176,545.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey R. Immelt purchased 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $138.44 per share, with a total value of $996,768.00. Following the transaction, the director now directly owns 678 shares of the company’s stock, valued at approximately $93,862.32. The disclosure for this purchase can be found here. Insiders have sold 47,324 shares of company stock valued at $6,919,179 in the last ninety days. 2.90% of the stock is currently owned by company insiders.
athenahealth Company Profile
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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