BidaskClub upgraded shares of athenahealth (NASDAQ:ATHN) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other research analysts also recently weighed in on ATHN. Deutsche Bank began coverage on athenahealth in a report on Friday, December 8th. They set a hold rating and a $145.00 price target on the stock. Oppenheimer reiterated a buy rating and set a $184.00 price target on shares of athenahealth in a report on Friday, October 20th. Robert W. Baird reiterated a buy rating and set a $170.00 price target on shares of athenahealth in a report on Thursday, August 31st. Canaccord Genuity reiterated a hold rating and set a $123.00 price target (down previously from $144.00) on shares of athenahealth in a report on Monday, October 23rd. Finally, KeyCorp reiterated a buy rating and set a $170.00 price target on shares of athenahealth in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $143.29.

Shares of athenahealth (ATHN) traded up $2.17 during trading on Friday, hitting $135.97. The stock had a trading volume of 213,013 shares, compared to its average volume of 350,742. The firm has a market capitalization of $5,440.00, a price-to-earnings ratio of 115.23, a PEG ratio of 5.02 and a beta of 1.57. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. athenahealth has a 12 month low of $95.01 and a 12 month high of $158.66.

athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. athenahealth had a return on equity of 7.13% and a net margin of 4.27%. athenahealth’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 earnings per share. equities analysts anticipate that athenahealth will post 1.22 earnings per share for the current fiscal year.

In related news, CEO Jonathan Bush sold 4,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $124.17, for a total transaction of $496,680.00. Following the completion of the transaction, the chief executive officer now owns 319,807 shares of the company’s stock, valued at approximately $39,710,435.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bradford Kyle Armbrester sold 1,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $128.56, for a total value of $128,560.00. The disclosure for this sale can be found here. Insiders sold 8,983 shares of company stock valued at $1,136,794 in the last ninety days. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in shares of athenahealth by 2.8% during the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock worth $244,000 after purchasing an additional 47 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of 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 worth $444,000 after purchasing an additional 67 shares during the last quarter. State of Wisconsin Investment Board lifted its position in shares of 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 worth $1,106,000 after purchasing an additional 70 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after purchasing an additional 84 shares during the last quarter. Finally, Evercore Wealth Management LLC lifted its position in shares of athenahealth by 1.3% during the 2nd quarter. Evercore Wealth Management LLC now owns 7,094 shares of the health services provider’s stock worth $997,000 after purchasing an additional 94 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “athenahealth (ATHN) Upgraded to Hold by BidaskClub” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.watchlistnews.com/athenahealth-athn-upgraded-to-hold-by-bidaskclub/1770011.html.

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)

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.