Shares of athenahealth, Inc (NASDAQ:ATHN) have been given an average rating of “Hold” by the twenty-three brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $146.44.
A number of equities research analysts have weighed in on the company. BidaskClub raised athenahealth from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 18th. ValuEngine raised athenahealth from a “hold” rating to a “buy” rating in a report on Tuesday, December 25th. Wells Fargo & Co downgraded athenahealth from an “outperform” rating to a “market perform” rating and set a $135.00 price objective on the stock. in a report on Tuesday, November 27th. Finally, Morgan Stanley lifted their price objective on athenahealth from $128.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, December 3rd.
Several large investors have recently bought and sold shares of ATHN. Millennium Management LLC raised its stake in shares of athenahealth by 3,508.4% in the fourth quarter. Millennium Management LLC now owns 1,022,505 shares of the health services provider’s stock valued at $134,899,000 after acquiring an additional 1,052,505 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in shares of athenahealth in the fourth quarter valued at approximately $62,252,000. Glazer Capital LLC bought a new position in shares of athenahealth in the fourth quarter valued at approximately $62,038,000. Norges Bank bought a new position in shares of athenahealth in the fourth quarter valued at approximately $54,867,000. Finally, Alpine Associates Management Inc. raised its stake in shares of athenahealth by 472.9% in the fourth quarter. Alpine Associates Management Inc. now owns 451,726 shares of the health services provider’s stock valued at $59,596,000 after acquiring an additional 372,882 shares during the last quarter. Institutional investors own 94.33% of the company’s stock.
NASDAQ ATHN remained flat at $$134.99 during trading on Friday. The company’s stock had a trading volume of 2,509,519 shares, compared to its average volume of 705,236. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.48 billion, a P/E ratio of 85.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75. athenahealth has a 12 month low of $116.77 and a 12 month high of $163.94.
athenahealth Company Profile
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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.