Jefferies Group LLC Analysts Give athenahealth, Inc. (ATHN) a $110.00 Price Target

Jefferies Group LLC set a $110.00 target price on athenahealth, Inc. (NASDAQ:ATHN) in a report released on Friday morning. The firm currently has a hold rating on the health services provider’s stock. Jefferies Group also issued estimates for athenahealth’s FY2018 earnings at $1.23 EPS.

A number of other research firms also recently commented on ATHN. ValuEngine upgraded athenahealth from a sell rating to a hold rating in a research report on Monday, July 24th. Evercore ISI reiterated an outperform rating and set a $163.00 target price (up from $155.00) on shares of athenahealth in a research report on Saturday, July 22nd. Cowen and Company downgraded athenahealth from an outperform rating to a market perform rating and increased their target price for the company from $127.00 to $133.00 in a research report on Monday, July 31st. Stifel Nicolaus reiterated a hold rating and set a $151.00 target price (up from $106.00) on shares of athenahealth in a research report on Friday, June 16th. Finally, KeyCorp reiterated a buy rating and set a $170.00 target price on shares of athenahealth in a research report on Sunday, September 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $149.48.

Shares of athenahealth (NASDAQ ATHN) opened at 115.33 on Friday. athenahealth has a one year low of $90.11 and a one year high of $158.66. The stock has a 50 day moving average of $127.86 and a 200-day moving average of $130.33. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 146.36 and a beta of 1.76.

athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, July 20th. The health services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.12. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $298.68 million. athenahealth had a return on equity of 6.91% and a net margin of 2.80%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts expect that athenahealth will post $1.91 earnings per share for the current year.

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In other news, SVP Jonathan D. Porter sold 422 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $154.00, for a total transaction of $64,988.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jonathan Bush sold 4,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $143.31, for a total value of $573,240.00. Following the transaction, the chief executive officer now owns 319,807 shares in the company, valued at approximately $45,831,541.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,205 shares of company stock worth $2,197,912. Insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Elliott Management Corp purchased a new position in athenahealth in the second quarter valued at about $52,706,000. Scout Investments Inc. grew its stake in athenahealth by 67.2% in the second quarter. Scout Investments Inc. now owns 115,663 shares of the health services provider’s stock valued at $16,256,000 after purchasing an additional 46,507 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in athenahealth by 1.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 72,918 shares of the health services provider’s stock valued at $10,249,000 after purchasing an additional 1,222 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in athenahealth by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 170,978 shares of the health services provider’s stock valued at $24,031,000 after purchasing an additional 9,960 shares during the last quarter. Finally, BlackRock Inc. grew its stake in athenahealth by 30,642.6% in the first quarter. BlackRock Inc. now owns 1,599,847 shares of the health services provider’s stock valued at $180,286,000 after purchasing an additional 1,594,643 shares during the last quarter.

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)

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