athenahealth (ATHN) Stock Rating Upgraded by BidaskClub

athenahealth (NASDAQ:ATHN) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other analysts also recently issued research reports about the stock. Oppenheimer reaffirmed a “buy” rating and issued a $184.00 price objective on shares of athenahealth in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 price objective on shares of athenahealth in a research report on Tuesday, October 17th. SunTrust Banks reaffirmed a “buy” rating and issued a $156.00 price objective on shares of athenahealth in a research report on Wednesday, October 25th. Robert W. Baird lowered their price objective on shares of athenahealth from $170.00 to $155.00 and set an “outperform” rating for the company in a research report on Sunday, October 22nd. Finally, Jefferies Group set a $110.00 price objective on shares of athenahealth and gave the company a “hold” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $143.29.

athenahealth (NASDAQ:ATHN) opened at $135.97 on Friday. athenahealth has a 1-year low of $95.01 and a 1-year high of $158.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $5,354.37, a P/E ratio of 113.39, a P/E/G ratio of 4.94 and a beta of 1.57.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. athenahealth had a net margin of 2.65% and a return on equity of 6.78%. The firm had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. During the same quarter last year, the firm posted $0.60 earnings per share. athenahealth’s revenue for the quarter was up 10.1% compared to the same quarter last year. equities analysts expect that athenahealth will post 1.22 EPS for the current fiscal year.

In other athenahealth news, Director Brandon H. Hull sold 800 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $132.97, for a total value of $106,376.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Bradford Kyle Armbrester sold 1,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $128.56, for a total value of $128,560.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,983 shares of company stock valued at $1,136,794. 3.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ATHN. Turner Investments LLC bought a new stake in shares of athenahealth during the second quarter valued at about $105,000. Bessemer Group Inc. raised its stake in shares of athenahealth by 13.7% during the second quarter. Bessemer Group Inc. now owns 938 shares of the health services provider’s stock valued at $132,000 after purchasing an additional 113 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of athenahealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 84 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of athenahealth by 123.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock valued at $189,000 after purchasing an additional 744 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of athenahealth during the second quarter valued at about $205,000.

COPYRIGHT VIOLATION NOTICE: “athenahealth (ATHN) Stock Rating Upgraded by BidaskClub” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/16/athenahealth-athn-stock-rating-upgraded-by-bidaskclub.html.

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

Leave a Reply