athenahealth, Inc. (NASDAQ:ATHN) Given Market Perform Rating at William Blair
athenahealth, Inc. (NASDAQ:ATHN)‘s stock had its “market perform” rating reiterated by equities researchers at William Blair in a research note issued on Friday.
Several other equities research analysts also recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $118.00 target price (down from $135.00) on shares of athenahealth in a report on Thursday, April 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $160.00 target price on shares of athenahealth in a report on Tuesday, April 4th. Argus began coverage on athenahealth in a report on Friday, July 7th. They set a “hold” rating for the company. Citigroup Inc. reissued a “buy” rating and set a $163.00 price target (up from $128.00) on shares of athenahealth in a research report on Monday, June 5th. Finally, J P Morgan Chase & Co set a $136.00 price target on athenahealth and gave the company a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $141.00.
Shares of athenahealth (ATHN) traded up 7.30% on Friday, hitting $154.30. The stock had a trading volume of 972,063 shares. The firm has a market cap of $6.15 billion, a P/E ratio of 303.74 and a beta of 1.79. athenahealth has a 12-month low of $90.11 and a 12-month high of $158.66. The company’s 50-day moving average price is $141.51 and its 200 day moving average price is $122.62.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.12. The business had revenue of $301.10 million during the quarter, compared to analyst estimates of $298.68 million. athenahealth had a return on equity of 5.93% and a net margin of 1.84%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that athenahealth will post $1.86 earnings per share for the current fiscal year.
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In other athenahealth news, SVP Jonathan D. Porter sold 300 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $109.48, for a total value of $32,844.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brandon H. Hull sold 800 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $140.81, for a total value of $112,648.00. The disclosure for this sale can be found here. Insiders sold a total of 25,683 shares of company stock valued at $3,329,871 in the last quarter. Corporate insiders own 3.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of athenahealth by 30,642.6% in the first quarter. BlackRock Inc. now owns 1,599,847 shares of the health services provider’s stock worth $180,286,000 after buying an additional 1,594,643 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of athenahealth by 18.1% in the fourth quarter. Janus Capital Management LLC now owns 5,738,978 shares of the health services provider’s stock worth $603,596,000 after buying an additional 878,970 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of athenahealth during the fourth quarter worth about $73,215,000. First Trust Advisors LP bought a new position in shares of athenahealth during the fourth quarter worth about $71,884,000. Finally, Morgan Stanley boosted its position in shares of athenahealth by 9.7% in the first quarter. Morgan Stanley now owns 4,514,305 shares of the health services provider’s stock worth $508,717,000 after buying an additional 397,837 shares during the last quarter.
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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