Stephens Initiates Coverage on athenahealth (ATHN)
Investment analysts at Stephens started coverage on shares of athenahealth (NASDAQ:ATHN) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on ATHN. Analysts at KeyCorp initiated coverage on shares of athenahealth (NASDAQ:ATHN) in a research note to investors on Tuesday, August 13th. They set a “hold” rating on the stock. Separately, analysts at Cowen and Company downgraded shares of athenahealth (NASDAQ:ATHN) from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, August 13th. They now have a $93.00 price target on the stock, down previously from $96.00. Finally, analysts at Robert W. Baird raised their price target on shares of athenahealth (NASDAQ:ATHN) from $91.00 to $104.00 in a research note to investors on Monday, July 22nd. They now have a “neutral” rating on the stock.
Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. athenahealth currently has a consensus rating of “Hold” and an average price target of $96.44.
athenahealth (NASDAQ:ATHN) opened at 109.20 on Tuesday. athenahealth has a one year low of $56.33 and a one year high of $117.54. The stock has a 50-day moving average of $110.5 and a 200-day moving average of $96.73. The company has a market cap of $4.024 billion and a price-to-earnings ratio of 18200.00.
athenahealth (NASDAQ:ATHN) last released its earnings data on Thursday, July 18th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.30. The company had revenue of $149.30 million for the quarter, compared to the consensus estimate of $148.24 million. During the same quarter last year, the company posted $0.24 earnings per share. athenahealth’s revenue was up 44.3% compared to the same quarter last year. Analysts expect that athenahealth will post $1.02 EPS for the current fiscal year.
In other athenahealth news, CEO Jonathan Bush sold 22,105 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $106.45, for a total transaction of $2,353,077.25. Following the sale, the chief executive officer now directly owns 302,231 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
athenahealth, Inc (NASDAQ:ATHN), is a business services company, which provides ongoing billing, clinical-related, and other related services to its customers.
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