Analysts Set athenahealth, Inc (ATHN) Price Target at $132.17

Shares of athenahealth, Inc (NASDAQ:ATHN) have earned a consensus rating of “Buy” from the twenty research firms that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $132.82.

ATHN has been the topic of a number of research reports. Oppenheimer Holdings Inc. set a $142.00 price target on athenahealth and gave the company a “buy” rating in a research report on Saturday, February 4th. Robert W. Baird set a $155.00 price objective on athenahealth and gave the stock a “buy” rating in a report on Friday, February 3rd. Dougherty & Co reiterated a “buy” rating and issued a $150.00 price objective on shares of athenahealth in a report on Wednesday, December 28th. Berenberg Bank began coverage on athenahealth in a report on Tuesday, February 7th. They issued a “buy” rating and a $143.00 price objective on the stock. Finally, KeyCorp set a $140.00 price objective on athenahealth and gave the stock a “buy” rating in a report on Monday, February 6th.

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In other news, Director John A. Kane sold 2,875 shares of the business’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $123.11, for a total value of $353,941.25. Following the sale, the director now directly owns 8,958 shares of the company’s stock, valued at approximately $1,102,819.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.04% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Fox Run Management L.L.C. raised its stake in shares of athenahealth by 27.3% in the first quarter. Fox Run Management L.L.C. now owns 6,621 shares of the health services provider’s stock worth $746,000 after buying an additional 1,421 shares in the last quarter. Bank of Montreal Can raised its stake in shares of athenahealth by 169.2% in the first quarter. Bank of Montreal Can now owns 44,156 shares of the health services provider’s stock worth $4,976,000 after buying an additional 27,753 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in shares of athenahealth during the first quarter worth $19,343,000. Highbridge Capital Management LLC bought a new stake in shares of athenahealth during the fourth quarter worth $13,599,000. Finally, Teachers Advisors LLC raised its stake in shares of athenahealth by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,094 shares of the health services provider’s stock worth $7,792,000 after buying an additional 2,190 shares in the last quarter.

Shares of athenahealth (NASDAQ:ATHN) traded down 0.75% on Monday, hitting $117.22. The stock had a trading volume of 500,752 shares. The company has a market cap of $4.63 billion, a PE ratio of 225.42 and a beta of 1.77. The stock’s 50-day moving average price is $113.42 and its 200 day moving average price is $112.12. athenahealth has a 52 week low of $90.11 and a 52 week high of $143.85.

athenahealth (NASDAQ:ATHN) last released its quarterly earnings results on Thursday, February 2nd. The health services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. athenahealth had a return on equity of 6.41% and a net margin of 1.94%. The business had revenue of $288.20 million for the quarter, compared to the consensus estimate of $303.72 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that athenahealth will post $2.46 EPS for the current year.

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.

5 Day Chart for NASDAQ:ATHN

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