athenahealth Inc. (ATHN) SVP Sells $330,850.00 in Stock
athenahealth Inc. (NASDAQ:ATHN) SVP Bradford Kyle Armbrester sold 2,545 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $130.00, for a total transaction of $330,850.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
athenahealth Inc. (NASDAQ:ATHN) opened at 126.93 on Wednesday. The stock has a market cap of $4.99 billion, a P/E ratio of 466.65 and a beta of 1.28. athenahealth Inc. has a one year low of $114.59 and a one year high of $170.42. The stock has a 50 day moving average of $123.54 and a 200-day moving average of $129.76.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. The company earned $261.90 million during the quarter, compared to the consensus estimate of $274.07 million. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. Analysts anticipate that athenahealth Inc. will post $1.77 EPS for the current year.
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Several research analysts have commented on ATHN shares. Evercore ISI upgraded shares of athenahealth from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a report on Monday. Morgan Stanley lowered their target price on shares of athenahealth from $186.00 to $153.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Jefferies Group restated an “underperform” rating and issued a $105.00 target price on shares of athenahealth in a report on Monday, July 25th. Zacks Investment Research cut shares of athenahealth from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Finally, Leerink Swann restated a “hold” rating on shares of athenahealth in a report on Thursday, June 16th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. athenahealth currently has a consensus rating of “Hold” and a consensus target price of $149.70.
Several hedge funds have recently modified their holdings of the company. FMR LLC increased its position in athenahealth by 0.8% in the second quarter. FMR LLC now owns 5,889,499 shares of the company’s stock worth $812,810,000 after buying an additional 45,907 shares in the last quarter. Janus Capital Management LLC increased its position in athenahealth by 22.3% in the second quarter. Janus Capital Management LLC now owns 4,104,647 shares of the company’s stock worth $566,471,000 after buying an additional 749,497 shares in the last quarter. Wellington Management Group LLP increased its position in athenahealth by 10.3% in the first quarter. Wellington Management Group LLP now owns 3,645,875 shares of the company’s stock worth $505,975,000 after buying an additional 339,472 shares in the last quarter. Vanguard Group Inc. increased its position in athenahealth by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,761,611 shares of the company’s stock worth $381,130,000 after buying an additional 56,201 shares in the last quarter. Finally, Riverbridge Partners LLC increased its position in athenahealth by 1.6% in the second quarter. Riverbridge Partners LLC now owns 980,305 shares of the company’s stock worth $135,292,000 after buying an additional 15,726 shares in the last quarter.
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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