athenahealth CMO Robert Cosinuke Sells 6,000 Shares (ATHN)
athenahealth (NASDAQ:ATHN) CMO Robert Cosinuke sold 6,000 shares of athenahealth stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.68, for a total value of $658,080.00. Following the completion of the sale, the chief marketing officer now directly owns 53,321 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ATHN. Analysts at Zacks reiterated a “neutral” rating on shares of athenahealth (NASDAQ:ATHN) in a research note to investors on Tuesday. They now have a $115.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of athenahealth (NASDAQ:ATHN) in a research note to investors on Tuesday. They set an “overweight” rating on the stock. Finally, 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.
Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. athenahealth currently has a consensus rating of “Hold” and an average target price of $98.30.
athenahealth (NASDAQ:ATHN) traded down 0.26% during mid-day trading on Wednesday, hitting $112.39. 222,085 shares of the company’s stock traded hands. athenahealth has a one year low of $56.33 and a one year high of $117.54. The stock’s 50-day moving average is $110.5 and its 200-day moving average is $97.01. The company has a market cap of $4.141 billion and a price-to-earnings ratio of 18780.00.
athenahealth (NASDAQ:ATHN) last released its earnings data on Thursday, July 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 44.3% on a year-over-year basis. Analysts expect that athenahealth will post $1.02 EPS for the current fiscal year.
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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