Investment analysts at Evercore ISI initiated coverage on shares of athenahealth (NASDAQ:ATHN) in a report released on Thursday, MarketBeat reports. The brokerage set an “in-line” rating and a $140.00 price target on the health services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 10.47% from the stock’s previous close.
Several other equities research analysts have also recently commented on ATHN. TheStreet cut athenahealth from a “b-” rating to a “c+” rating in a report on Wednesday, October 11th. Jefferies Group set a $110.00 price target on athenahealth and gave the company a “hold” rating in a report on Friday, October 13th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 price target on shares of athenahealth in a report on Tuesday, October 17th. Leerink Swann set a $155.00 price target on athenahealth and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $145.00 price target on shares of athenahealth in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. athenahealth currently has an average rating of “Hold” and a consensus price target of $142.96.
Shares of athenahealth (ATHN) traded up $1.20 during trading on Thursday, hitting $126.73. The company’s stock had a trading volume of 55,782 shares, compared to its average volume of 420,500. athenahealth has a fifty-two week low of $95.01 and a fifty-two week high of $158.66. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $5,020.00, a PE ratio of 164.58, a P/E/G ratio of 2.95 and a beta of 1.58.
In other athenahealth news, CEO Jonathan Bush sold 30,000 shares of the firm’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $134.80, for a total value of $4,044,000.00. Following the sale, the chief executive officer now directly owns 320,807 shares in the company, valued at $43,244,783.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy Abernethy sold 500 shares of the firm’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $134.18, for a total value of $67,090.00. Following the completion of the sale, the director now owns 4,045 shares in the company, valued at $542,758.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,900 shares of company stock valued at $9,271,172. 3.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. FMR LLC raised its stake in athenahealth by 0.8% in the second quarter. FMR LLC now owns 5,975,119 shares of the health services provider’s stock valued at $839,803,000 after buying an additional 47,341 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in athenahealth in the second quarter valued at $713,856,000. Vanguard Group Inc. raised its stake in athenahealth by 1.8% in the second quarter. Vanguard Group Inc. now owns 3,100,643 shares of the health services provider’s stock valued at $435,795,000 after buying an additional 53,361 shares in the last quarter. Capital Research Global Investors raised its stake in athenahealth by 15.5% in the second quarter. Capital Research Global Investors now owns 2,041,714 shares of the health services provider’s stock valued at $286,963,000 after buying an additional 273,660 shares in the last quarter. Finally, BlackRock Inc. raised its stake in athenahealth by 2.0% in the second quarter. BlackRock Inc. now owns 1,631,993 shares of the health services provider’s stock valued at $229,377,000 after buying an additional 32,146 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.
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