athenahealth, Inc. (NASDAQ:ATHN) announced its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12, Bloomberg Earnings reports. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share.
athenahealth (NASDAQ ATHN) traded down 0.74% on Friday, reaching $139.93. 1,057,666 shares of the company’s stock were exchanged. athenahealth has a one year low of $90.11 and a one year high of $158.66. The firm has a 50 day moving average price of $143.12 and a 200 day moving average price of $124.04. The firm has a market cap of $5.59 billion, a PE ratio of 177.58 and a beta of 1.79.
Several equities analysts have weighed in on ATHN shares. William Blair reaffirmed a “market perform” rating on shares of athenahealth in a report on Friday, July 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $118.00 price target (down previously from $135.00) on shares of athenahealth in a report on Thursday, April 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $160.00 price target on shares of athenahealth in a report on Tuesday, April 4th. Argus started coverage on shares of athenahealth in a report on Friday, July 7th. They set a “hold” rating on the stock. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $163.00 price target (up previously from $128.00) on shares of athenahealth in a report on Monday, June 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $148.05.
In other athenahealth news, SVP Jonathan D. Porter sold 422 shares of athenahealth stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $154.00, for a total value of $64,988.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bradford Kyle Armbrester sold 2,431 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $130.00, for a total value of $316,030.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,105 shares of company stock worth $2,434,859. Insiders own 3.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Barton Investment Management boosted its stake in athenahealth by 3.9% in the first quarter. Barton Investment Management now owns 225,346 shares of the health services provider’s stock valued at $25,394,000 after buying an additional 8,511 shares during the period. Riverbridge Partners LLC boosted its stake in athenahealth by 2.0% in the first quarter. Riverbridge Partners LLC now owns 1,057,142 shares of the health services provider’s stock valued at $119,129,000 after buying an additional 20,971 shares during the period. Acadian Asset Management LLC bought a new stake in athenahealth during the first quarter valued at approximately $473,000. Fox Run Management L.L.C. boosted its stake in athenahealth by 27.3% in the first quarter. Fox Run Management L.L.C. now owns 6,621 shares of the health services provider’s stock valued at $746,000 after buying an additional 1,421 shares during the period. Finally, Bank of Montreal Can boosted its stake in athenahealth by 169.2% in the first quarter. Bank of Montreal Can now owns 44,156 shares of the health services provider’s stock valued at $4,976,000 after buying an additional 27,753 shares during the period.
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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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