athenahealth Inc. (NASDAQ:ATHN) Director John A. Kane sold 2,875 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $128.81, for a total value of $370,328.75. Following the transaction, the director now directly owns 10,708 shares in the company, valued at $1,379,297.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of equities analysts have recently issued reports on ATHN shares. Jefferies Group reaffirmed an “underperform” rating and set a $105.00 price target on shares of athenahealth in a research report on Monday. Zacks Investment Research raised athenahealth from a “hold” rating to a “strong-buy” rating and set a $159.00 target price on the stock in a research report on Monday, April 25th. Deutsche Bank AG downgraded athenahealth from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $147.00 in a research report on Friday, July 22nd. Leerink Swann reissued a “hold” rating on shares of athenahealth in a research report on Thursday, June 16th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $142.00 target price on shares of athenahealth in a research report on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $149.58.
Shares of athenahealth Inc. (NASDAQ:ATHN) traded up 0.39% on Thursday, reaching $128.88. 324,788 shares of the company were exchanged. The company has a market capitalization of $5.07 billion and a P/E ratio of 473.82. The stock has a 50 day moving average of $133.74 and a 200-day moving average of $133.89. athenahealth Inc. has a 52-week low of $114.59 and a 52-week high of $170.42.
An institutional investor recently raised its position in athenahealth stock. Russell Frank Co raised its position in shares of athenahealth Inc. (NASDAQ:ATHN) by 22.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,330 shares of the company’s stock after buying an additional 1,321 shares during the period. Russell Frank Co’s holdings in athenahealth were worth $1,200,000 at the end of the most recent reporting period.
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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