athenahealth Inc. (ATHN) Director Sells $312,000.00 in Stock
athenahealth Inc. (NASDAQ:ATHN) Director Brandon H. Hull sold 2,400 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $130.00, for a total transaction of $312,000.00. Following the completion of the transaction, the director now directly owns 3,987 shares of the company’s stock, valued at approximately $518,310. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of athenahealth Inc. (NASDAQ:ATHN) opened at 126.93 on Wednesday. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 466.65 and a beta of 1.28. The company has a 50-day moving average of $123.54 and a 200-day moving average of $129.76. athenahealth Inc. has a 52-week low of $114.59 and a 52-week high of $170.42.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.08. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. The company earned $261.90 million during the quarter, compared to analyst estimates of $274.07 million. Equities research analysts anticipate that athenahealth Inc. will post $1.77 EPS for the current year.
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Several hedge funds have recently made changes to their positions in ATHN. Advisor Group Inc. bought a new stake in shares of athenahealth during the second quarter valued at about $118,000. FineMark National Bank & Trust raised its stake in shares of athenahealth by 4.5% in the second quarter. FineMark National Bank & Trust now owns 944 shares of the company’s stock valued at $130,000 after buying an additional 41 shares during the period. KBC Group NV bought a new stake in shares of athenahealth during the second quarter valued at about $135,000. Societe Generale bought a new stake in shares of athenahealth during the second quarter valued at about $176,000. Finally, SG Americas Securities LLC raised its stake in shares of athenahealth by 27.7% in the second quarter. SG Americas Securities LLC now owns 1,277 shares of the company’s stock valued at $176,000 after buying an additional 277 shares during the period.
ATHN has been the subject of several recent analyst reports. Leerink Swann reaffirmed a “hold” rating on shares of athenahealth in a report on Thursday, June 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $142.00 target price on shares of athenahealth in a report on Wednesday, June 29th. Zacks Investment Research downgraded shares of athenahealth from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. Deutsche Bank AG downgraded shares of athenahealth from a “buy” rating to a “hold” rating and dropped their target price for the stock from $165.00 to $147.00 in a report on Friday, July 22nd. Finally, FBR & Co dropped their target price on shares of athenahealth from $145.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, July 22nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. athenahealth presently has a consensus rating of “Hold” and an average price target of $149.70.
athenahealth Company Profile
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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