athenahealth Price Target Raised to $176.00 at ISI Group (ATHN)
Investment analysts at ISI Group increased their price objective on shares of athenahealth (NASDAQ:ATHN) from $143.00 to $176.00 in a note issued to investors on Friday, StockRatingsNetwork reports. ISI Group’s target price points to a potential upside of 1.19% from the company’s current price.
A number of other firms have also recently commented on ATHN. Analysts at Cowen and Company raised their price target on shares of athenahealth from $88.00 to $123.00 in a research note to investors on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of athenahealth in a research note to investors on Friday. They now have a $146.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of athenahealth from $179.00 to $192.00 in a research note to investors on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $143.80.
Shares of athenahealth (NASDAQ:ATHN) opened at 173.93 on Friday. athenahealth has a 52 week low of $82.01 and a 52 week high of $177.79. The stock’s 50-day moving average is $138.1 and its 200-day moving average is $124.. The company’s market cap is $6.464 billion.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.12. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $168.39 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 47.5% on a year-over-year basis. On average, analysts predict that athenahealth will post $1.04 earnings per share for the current fiscal year.
In other athenahealth news, SVP Daniel Orenstein sold 1,000 shares of athenahealth stock on the open market in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $146.73, for a total transaction of $146,730.00. Following the sale, the senior vice president now directly owns 31,262 shares of the company’s stock, valued at approximately $4,587,073. The sale was disclosed in a document filed with the SEC, which is available at 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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