athenahealth, Inc. (NASDAQ:ATHN)‘s stock had its “hold” rating reiterated by equities research analysts at Cantor Fitzgerald in a report issued on Friday. They currently have a $120.00 target price on the health services provider’s stock. Cantor Fitzgerald’s price objective points to a potential downside of 7.05% from the stock’s previous close.

The analysts wrote, “This morning, athenaHealth filed an 8-K indicating that it implemented a change in control severance plan for certain executives.””

A number of other equities research analysts have also weighed in on the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $156.00 price objective on shares of athenahealth in a research report on Wednesday. Leerink Swann cut their price objective on athenahealth from $155.00 to $125.00 and set a “market perform” rating on the stock in a research report on Monday, October 23rd. Wells Fargo & Company cut their price objective on athenahealth from $190.00 to $155.00 and set an “outperform” rating on the stock in a research report on Monday, October 23rd. Canaccord Genuity reiterated a “hold” rating and issued a $123.00 price objective (down from $144.00) on shares of athenahealth in a research report on Monday, October 23rd. Finally, First Analysis upgraded athenahealth from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $125.00 to $127.00 in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. athenahealth presently has an average rating of “Hold” and an average target price of $143.22.

athenahealth (ATHN) traded up 5.09% during mid-day trading on Friday, hitting $129.10. The stock had a trading volume of 768,174 shares. The company’s 50 day moving average price is $123.99 and its 200 day moving average price is $130.76. The firm has a market cap of $5.15 billion, a PE ratio of 163.83 and a beta of 1.76. athenahealth has a 52 week low of $90.11 and a 52 week high of $158.66.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. athenahealth’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. Analysts anticipate that athenahealth will post $2.02 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/28/athenahealth-inc-athn-rating-reiterated-by-cantor-fitzgerald.html.

In other news, CEO Jonathan Bush sold 4,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $143.31, for a total value of $573,240.00. Following the completion of the transaction, the chief executive officer now owns 319,807 shares in the company, valued at $45,831,541.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brandon H. Hull sold 800 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $130.00, for a total value of $104,000.00. The disclosure for this sale can be found here. Insiders have sold 16,583 shares of company stock valued at $2,236,924 in the last quarter. 3.20% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in shares of athenahealth by 0.6% in the first quarter. Comerica Bank now owns 2,487 shares of the health services provider’s stock worth $302,000 after purchasing an additional 14 shares during the last quarter. Advisor Group Inc. raised its stake in shares of athenahealth by 2.8% in the second quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock worth $244,000 after purchasing an additional 47 shares during the last quarter. Seven Bridges Advisors LLC raised its stake in shares of athenahealth by 5.4% in the second quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock worth $183,000 after purchasing an additional 67 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of athenahealth by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock worth $444,000 after purchasing an additional 67 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in shares of athenahealth by 0.9% in the second quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock worth $1,106,000 after purchasing an additional 70 shares during the last quarter.

About athenahealth

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)

Receive News & Ratings for athenahealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.