athenahealth (NASDAQ:ATHN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
Several other research analysts have also weighed in on the company. Cantor Fitzgerald reiterated a “hold” rating and issued a $140.00 price objective on shares of athenahealth in a research report on Monday, May 14th. ValuEngine lowered athenahealth from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Citigroup lowered their price objective on athenahealth from $148.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. JPMorgan Chase & Co. started coverage on athenahealth in a research report on Tuesday, April 24th. They issued a “neutral” rating and a $159.00 price objective for the company. Finally, Deutsche Bank increased their price objective on athenahealth from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Eighteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. athenahealth has an average rating of “Hold” and a consensus price target of $154.81.
Shares of athenahealth stock opened at $160.55 on Wednesday. The company has a market capitalization of $6.46 billion, a P/E ratio of 102.26, a price-to-earnings-growth ratio of 2.99 and a beta of 1.26. athenahealth has a fifty-two week low of $111.61 and a fifty-two week high of $163.94. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, April 26th. The health services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.53. The company had revenue of $329.40 million during the quarter, compared to analyst estimates of $318.13 million. athenahealth had a return on equity of 13.01% and a net margin of 6.77%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. equities research analysts predict that athenahealth will post 2.9 EPS for the current year.
In other news, CEO Jonathan Bush sold 5,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $150.32, for a total value of $751,600.00. Following the sale, the chief executive officer now directly owns 315,106 shares in the company, valued at $47,366,733.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jonathan D. Porter sold 422 shares of the stock in a transaction on Monday, May 7th. The shares were sold at an average price of $153.30, for a total value of $64,692.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,979 shares of company stock valued at $6,244,631. Company insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ATHN. Summit Trail Advisors LLC raised its stake in shares of athenahealth by 13,481.3% in the first quarter. Summit Trail Advisors LLC now owns 103,218 shares of the health services provider’s stock valued at $103,000 after acquiring an additional 102,458 shares in the last quarter. American International Group Inc. acquired a new stake in shares of athenahealth in the fourth quarter valued at $124,000. Meadow Creek Investment Management LLC acquired a new stake in shares of athenahealth in the fourth quarter valued at $132,000. We Are One Seven LLC raised its stake in shares of athenahealth by 239.2% in the first quarter. We Are One Seven LLC now owns 1,116 shares of the health services provider’s stock valued at $160,000 after acquiring an additional 787 shares in the last quarter. Finally, Flinton Capital Management LLC raised its stake in shares of athenahealth by 62.2% in the first quarter. Flinton Capital Management LLC now owns 1,168 shares of the health services provider’s stock valued at $167,000 after acquiring an additional 448 shares in the last quarter.
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.
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.