David Eric Robinson Sells 5,000 Shares of athenahealth, Inc (ATHN) Stock
athenahealth, Inc (NASDAQ:ATHN) Director David Eric Robinson sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $133.94, for a total value of $669,700.00. Following the completion of the sale, the director now owns 8,596 shares of the company’s stock, valued at approximately $1,151,348.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of athenahealth, Inc (ATHN) traded down $0.27 during mid-day trading on Thursday, reaching $135.10. The company had a trading volume of 316,007 shares, compared to its average volume of 324,233. athenahealth, Inc has a 52-week low of $95.01 and a 52-week high of $158.66. The firm has a market capitalization of $5,410.00, a price-to-earnings ratio of 175.45, a PEG ratio of 3.18 and a beta of 1.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67.
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, topping the Zacks’ consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The firm had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. athenahealth’s quarterly revenue was up 10.1% on a year-over-year basis. equities research analysts anticipate that athenahealth, Inc will post 1.22 earnings per share for the current year.
ATHN has been the subject of a number of research reports. Jefferies Group reduced their price objective on athenahealth from $135.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, September 15th. KeyCorp reissued a “buy” rating and issued a $170.00 target price on shares of athenahealth in a report on Sunday, September 17th. Royal Bank of Canada assumed coverage on athenahealth in a report on Tuesday, September 19th. They issued a “sector perform” rating and a $153.00 target price on the stock. TheStreet lowered athenahealth from a “b-” rating to a “c+” rating in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $167.00 target price on shares of athenahealth in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have given a buy rating to the company. athenahealth presently has an average rating of “Hold” and an average price target of $143.29.
Hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its holdings in athenahealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after acquiring an additional 84 shares during the period. BNP Paribas Arbitrage SA grew its holdings in athenahealth by 123.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock worth $189,000 after acquiring an additional 744 shares during the period. ProShare Advisors LLC acquired a new position in athenahealth during the second quarter worth $205,000. Ameriprise Financial Inc. acquired a new position in athenahealth during the second quarter worth $206,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in athenahealth in the second quarter valued at $216,000.
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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.
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