athenahealth (NASDAQ:ATHN) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, February 17th.
Several other research analysts have also recently commented on the company. Robert W. Baird lowered their target price on athenahealth from $170.00 to $155.00 and set an “outperform” rating for the company in a research note on Sunday, October 22nd. First Analysis raised athenahealth from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $125.00 to $127.00 in a research note on Monday, October 23rd. Leerink Swann lowered their target price on athenahealth from $155.00 to $125.00 and set a “market perform” rating for the company in a research note on Monday, October 23rd. Deutsche Bank started coverage on athenahealth in a report on Friday, December 8th. They set a “hold” rating and a $145.00 price target for the company. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $120.00 price target on shares of athenahealth in a report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company. athenahealth has a consensus rating of “Hold” and a consensus target price of $144.35.
athenahealth (NASDAQ ATHN) traded down $0.39 on Friday, reaching $145.62. The company had a trading volume of 489,525 shares, compared to its average volume of 545,585. athenahealth has a 1 year low of $95.01 and a 1 year high of $158.66. The firm has a market cap of $5,840.00, a PE ratio of 117.44, a price-to-earnings-growth ratio of 2.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.84.
In other news, CMO Timothy John O’brien sold 3,064 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $137.27, for a total value of $420,595.28. Following the completion of the sale, the chief marketing officer now directly owns 11,320 shares of the company’s stock, valued at approximately $1,553,896.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan Bush sold 250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $139.27, for a total value of $34,817.50. Following the completion of the sale, the chief executive officer now directly owns 321,533 shares of the company’s stock, valued at $44,779,900.91. The disclosure for this sale can be found here. Insiders sold a total of 108,705 shares of company stock valued at $14,891,199 over the last three months. Company insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. purchased a new stake in athenahealth during the 4th quarter valued at approximately $124,000. Meadow Creek Investment Management LLC purchased a new stake in athenahealth during the 4th quarter valued at approximately $132,000. The Manufacturers Life Insurance Company raised its stake in athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after acquiring an additional 84 shares during the last quarter. Columbia Partners L L C Investment Management purchased a new stake in athenahealth during the 4th quarter valued at approximately $204,000. Finally, Ameriprise Financial Inc. purchased a new stake in athenahealth during the 2nd quarter valued at approximately $206,000.
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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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