Shares of athenahealth, Inc. (NASDAQ:ATHN) have earned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $148.05.

ATHN has been the subject of several research reports. William Blair reissued a “market perform” rating on shares of athenahealth in a research report on Friday. Cantor Fitzgerald restated a “buy” rating and issued a $118.00 price target (down previously from $135.00) on shares of athenahealth in a research note on Thursday, April 27th. Piper Jaffray Companies restated an “overweight” rating and issued a $160.00 price target on shares of athenahealth in a research note on Tuesday, April 4th. Argus started coverage on athenahealth in a research note on Friday, July 7th. They issued a “hold” rating on the stock. Finally, Citigroup Inc. restated a “buy” rating and issued a $163.00 price target (up previously from $128.00) on shares of athenahealth in a research note on Monday, June 5th.

Shares of athenahealth (ATHN) traded down 1.0904% on Tuesday, hitting $153.1417. The company had a trading volume of 164,477 shares. The stock has a market capitalization of $6.11 billion, a PE ratio of 194.3423 and a beta of 1.79. athenahealth has a 52 week low of $90.11 and a 52 week high of $156.84. The firm’s 50 day moving average price is $142.47 and its 200-day moving average price is $123.33.

athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, July 20th. The health services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.12. athenahealth had a return on equity of 6.91% and a net margin of 2.80%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $298.68 million. During the same quarter in the prior year, the company earned $0.34 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. Analysts forecast that athenahealth will post $1.90 earnings per share for the current fiscal year.

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In other news, CFO Karl Stubelis sold 3,952 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $138.98, for a total value of $549,248.96. Following the transaction, the chief financial officer now directly owns 21,810 shares in the company, valued at approximately $3,031,153.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jonathan D. Porter sold 422 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $154.00, for a total value of $64,988.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,105 shares of company stock worth $2,434,859. Company insiders own 3.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank increased its position in athenahealth by 7.7% in the second quarter. Huntington National Bank now owns 55,848 shares of the health services provider’s stock worth $7,850,000 after buying an additional 4,010 shares during the period. Aperio Group LLC boosted its position in shares of athenahealth by 10.6% in the second quarter. Aperio Group LLC now owns 6,709 shares of the health services provider’s stock worth $943,000 after buying an additional 641 shares in the last quarter. Cribstone Capital Management LLC boosted its position in shares of athenahealth by 3.3% in the second quarter. Cribstone Capital Management LLC now owns 14,186 shares of the health services provider’s stock worth $1,994,000 after buying an additional 452 shares in the last quarter. CrestPoint Capital Management LLC bought a new position in shares of athenahealth during the second quarter worth approximately $337,000. Finally, Clearbridge Investments LLC boosted its position in shares of athenahealth by 61.8% in the first quarter. Clearbridge Investments LLC now owns 908,505 shares of the health services provider’s stock worth $102,379,000 after buying an additional 347,133 shares in the last quarter.

athenahealth Company Profile

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.

Analyst Recommendations for athenahealth (NASDAQ:ATHN)

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