athenahealth (NASDAQ:ATHN) had its price objective upped by SunTrust Banks to $180.00 in a research note issued to investors on Monday morning. The firm currently has a buy rating on the health services provider’s stock.

ATHN has been the topic of several other research reports. Leerink Swann set a $155.00 price objective on shares of athenahealth and gave the company a hold rating in a research report on Thursday, October 19th. BidaskClub upgraded shares of athenahealth from a sell rating to a hold rating in a research report on Saturday, December 16th. 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. Robert W. Baird lowered their price objective on shares of athenahealth from $170.00 to $155.00 and set an outperform rating on the stock in a research report on Sunday, October 22nd. Finally, Cantor Fitzgerald restated a hold rating and set a $145.00 price objective on shares of athenahealth in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. athenahealth presently has a consensus rating of Hold and an average price target of $145.05.

Shares of athenahealth (NASDAQ:ATHN) opened at $134.08 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5,323.38, a price-to-earnings ratio of 78.56, a PEG ratio of 2.88 and a beta of 1.35. athenahealth has a 52-week low of $95.01 and a 52-week high of $158.66.

athenahealth (NASDAQ:ATHN) last posted its quarterly earnings data on Thursday, February 1st. The health services provider reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.48. The firm had revenue of $329.20 million for the quarter, compared to analysts’ expectations of $319.64 million. athenahealth had a net margin of 4.35% and a return on equity of 9.21%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. sell-side analysts expect that athenahealth will post 2 earnings per share for the current year.

In other athenahealth news, Director Amy Abernethy sold 500 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $134.18, for a total value of $67,090.00. Following the sale, the director now owns 4,045 shares of the company’s stock, valued at approximately $542,758.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jonathan Bush sold 30,000 shares of the firm’s stock in a transaction on Wednesday, December 26th. The stock was sold at an average price of $134.80, for a total transaction of $4,044,000.00. Following the completion of the sale, the chief executive officer now directly owns 320,807 shares in the company, valued at approximately $43,244,783.60. The disclosure for this sale can be found here. In the last three months, insiders sold 98,703 shares of company stock worth $13,487,150. Insiders own 3.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Swiss National Bank boosted its stake in shares of athenahealth by 2.0% during the 4th quarter. Swiss National Bank now owns 67,930 shares of the health services provider’s stock valued at $9,037,000 after purchasing an additional 1,300 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of athenahealth during the 4th quarter valued at about $7,389,000. California Public Employees Retirement System boosted its stake in shares of athenahealth by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 77,400 shares of the health services provider’s stock valued at $10,297,000 after purchasing an additional 2,400 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of athenahealth by 310.9% during the 4th quarter. Teacher Retirement System of Texas now owns 13,538 shares of the health services provider’s stock valued at $1,801,000 after purchasing an additional 10,243 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of athenahealth by 53.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,700 shares of the health services provider’s stock valued at $1,823,000 after purchasing an additional 4,800 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “athenahealth (ATHN) Price Target Raised to $180.00 at SunTrust Banks” was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/athenahealth-athn-price-target-raised-to-180-00-at-suntrust-banks/1851823.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.