athenahealth Coverage Initiated by Analysts at Stifel (ATHN)
Analysts at Stifel began coverage on shares of athenahealth (NASDAQ:ATHN) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $155.00 price target on the stock. Stifel’s price target would indicate a potential upside of 20.97% from the stock’s previous close.
In other athenahealth news, Director David Eric Robinson unloaded 30,000 shares of athenahealth stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $124.12, for a total transaction of $3,723,600.00. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on ATHN. Analysts at Stifel Nicolaus initiated coverage on shares of athenahealth in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of athenahealth in a research note on Thursday, June 12th. They set a “buy” rating and a $145.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of athenahealth in a research note on Monday, May 12th. They now have a $192.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $166.14.
Shares of athenahealth (NASDAQ:ATHN) opened at 128.13 on Tuesday. athenahealth has a 52-week low of $83.57 and a 52-week high of $206.70. The stock has a 50-day moving average of $121.6 and a 200-day moving average of $145.6. The company’s market cap is $4.849 billion.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.05. The company had revenue of $163.00 million for the quarter, compared to the consensus estimate of $170.03 million. During the same quarter last year, the company posted $0.38 earnings per share. athenahealth’s revenue was up 29.8% compared to the same quarter last year. Analysts expect that athenahealth will post $1.04 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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