athenahealth, Inc. (NASDAQ:ATHN) Given “Hold” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their hold rating on shares of athenahealth, Inc. (NASDAQ:ATHN) in a research report sent to investors on Friday, October 27th. The firm currently has a $120.00 target price on the health services provider’s stock.

“This morning, athenaHealth filed an 8-K indicating that it implemented a change in control severance plan for certain executives.”,” the firm’s analyst commented.

Other equities research analysts also recently issued reports about the stock. Piper Jaffray Companies reiterated a buy rating and issued a $152.00 price target on shares of athenahealth in a research report on Friday, July 14th. Leerink Swann set a $155.00 price target on shares of athenahealth and gave the company a hold rating in a research report on Thursday, October 19th. Oppenheimer Holdings, Inc. lifted their price target on shares of athenahealth from $154.00 to $184.00 and gave the company an outperform rating in a research report on Friday, July 21st. Wells Fargo & Company reissued an outperform rating and issued a $190.00 price objective (up from $130.00) on shares of athenahealth in a research note on Saturday, July 22nd. Finally, BidaskClub cut shares of athenahealth from a hold rating to a sell rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $143.22.

athenahealth (NASDAQ ATHN) traded down $1.41 during mid-day trading on Friday, reaching $124.16. The company’s stock had a trading volume of 236,000 shares, compared to its average volume of 585,331. The company has a market cap of $5,025.02, a PE ratio of 106.42, a PEG ratio of 5.05 and a beta of 1.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67. athenahealth has a 52-week low of $90.11 and a 52-week high of $158.66.

athenahealth (NASDAQ:ATHN) last announced its quarterly earnings data on Thursday, October 19th. The health services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06. The company had revenue of $304.60 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.60 EPS. equities analysts expect that athenahealth will post 1.12 earnings per share for the current year.

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In related news, CEO Jonathan Bush sold 4,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $139.77, for a total transaction of $559,080.00. Following the transaction, the chief executive officer now owns 319,807 shares of the company’s stock, valued at approximately $44,699,424.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Bradford Kyle Armbrester sold 1,000 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $128.56, for a total transaction of $128,560.00. The disclosure for this sale can be found here. Insiders sold a total of 12,483 shares of company stock worth $1,637,372 in the last three months. Insiders own 3.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Comerica Bank lifted its position in shares of athenahealth by 0.6% in the 1st 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 period. Advisor Group Inc. lifted its position in athenahealth by 2.8% during the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock valued at $244,000 after acquiring an additional 47 shares during the period. Seven Bridges Advisors LLC lifted its position in athenahealth by 5.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after acquiring an additional 67 shares during the period. Teacher Retirement System of Texas lifted its position in athenahealth by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock valued at $444,000 after acquiring an additional 67 shares during the period. Finally, State of Wisconsin Investment Board lifted its position in athenahealth by 0.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock valued at $1,106,000 after acquiring an additional 70 shares during the period.

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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