athenahealth, Inc. (NASDAQ:ATHN) SVP Jonathan D. Porter sold 300 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $143.13, for a total value of $42,939.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Jonathan D. Porter also recently made the following trade(s):
- On Friday, July 21st, Jonathan D. Porter sold 422 shares of athenahealth stock. The shares were sold at an average price of $154.00, for a total value of $64,988.00.
- On Thursday, June 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The shares were sold at an average price of $142.27, for a total value of $42,681.00.
- On Monday, May 15th, Jonathan D. Porter sold 300 shares of athenahealth stock. The stock was sold at an average price of $109.48, for a total value of $32,844.00.
athenahealth, Inc. (NASDAQ:ATHN) traded down 0.04% during midday trading on Tuesday, hitting $142.51. 229,749 shares of the stock traded hands. athenahealth, Inc. has a one year low of $90.11 and a one year high of $158.66. The company has a market cap of $5.69 billion, a PE ratio of 180.85 and a beta of 1.77. The company’s 50-day moving average is $142.47 and its 200-day moving average is $125.80.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.12. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Equities research analysts expect that athenahealth, Inc. will post $1.91 EPS for the current fiscal year.
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ATHN has been the topic of several research reports. William Blair reaffirmed a “market perform” rating on shares of athenahealth in a report on Friday, July 21st. Cantor Fitzgerald reissued a “buy” rating and set a $118.00 price objective (down from $135.00) on shares of athenahealth in a research note on Thursday, April 27th. Argus assumed coverage on athenahealth in a research note on Friday, July 7th. They set a “hold” rating on the stock. Citigroup Inc. reissued a “buy” rating and set a $163.00 price objective (up from $128.00) on shares of athenahealth in a research note on Monday, June 5th. Finally, J P Morgan Chase & Co set a $136.00 price objective on athenahealth and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $148.64.
Institutional investors have recently added to or reduced their stakes in the stock. Barton Investment Management boosted its position 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 last quarter. Riverbridge Partners LLC boosted its position 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 last quarter. Acadian Asset Management LLC bought a new position in athenahealth during the first quarter valued at approximately $473,000. Fox Run Management L.L.C. boosted its position 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 last quarter. Finally, Bank of Montreal Can boosted its position 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 last quarter.
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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