athenahealth Inc. (ATHN) SVP Daniel P. Haley Sells 2,109 Shares
athenahealth Inc. (NASDAQ:ATHN) SVP Daniel P. Haley sold 2,109 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $124.43, for a total value of $262,422.87. Following the completion of the sale, the senior vice president now directly owns 3,195 shares in the company, valued at $397,553.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
athenahealth Inc. (NASDAQ:ATHN) opened at 124.95 on Thursday. athenahealth Inc. has a 12-month low of $114.59 and a 12-month high of $170.42. The stock has a market cap of $4.92 billion, a PE ratio of 459.37 and a beta of 1.28. The firm’s 50-day moving average price is $122.94 and its 200 day moving average price is $129.97.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. The firm had revenue of $261.90 million for the quarter, compared to analyst estimates of $274.07 million. Analysts anticipate that athenahealth Inc. will post $1.77 EPS for the current year.
Several institutional investors have recently made changes to their positions in ATHN. 1st Global Advisors Inc. boosted its position in shares of athenahealth by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 1,633 shares of the company’s stock worth $225,000 after buying an additional 24 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of athenahealth by 1.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,929 shares of the company’s stock worth $404,000 after buying an additional 39 shares during the last quarter. FineMark National Bank & Trust boosted its position in shares of athenahealth by 4.5% in the second quarter. FineMark National Bank & Trust now owns 944 shares of the company’s stock worth $130,000 after buying an additional 41 shares during the last quarter. IBM Retirement Fund boosted its position in shares of athenahealth by 1.3% in the second quarter. IBM Retirement Fund now owns 3,933 shares of the company’s stock worth $543,000 after buying an additional 51 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of athenahealth by 6.9% in the second quarter. Integrated Investment Consultants LLC now owns 1,481 shares of the company’s stock worth $204,000 after buying an additional 96 shares during the last quarter.
ATHN has been the topic of a number of research analyst reports. Stifel Nicolaus initiated coverage on athenahealth in a report on Wednesday, August 31st. They set a “hold” rating on the stock. Zacks Investment Research raised athenahealth from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Jefferies Group reaffirmed an “underperform” rating and set a $105.00 price target on shares of athenahealth in a report on Monday, July 25th. Morgan Stanley lowered their price target on athenahealth from $186.00 to $153.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Finally, FBR & Co lowered their price target on athenahealth from $145.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, July 22nd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $149.58.
athenahealth Company Profile
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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