athenahealth (NASDAQ:ATHN) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
ATHN has been the topic of several other research reports. Leerink Swann set a $138.00 price objective on shares of athenahealth and gave the company a “hold” rating in a research report on Thursday, November 1st. KeyCorp reduced their price objective on shares of athenahealth from $170.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, November 12th. SunTrust Banks cut shares of athenahealth from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $135.00 in a research report on Tuesday, November 13th. ValuEngine upgraded shares of athenahealth from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Finally, William Blair restated a “market perform” rating on shares of athenahealth in a research report on Monday, November 12th. Twenty-one research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $147.71.
athenahealth stock opened at $133.05 on Friday. The company has a market cap of $5.34 billion, a PE ratio of 84.75, a P/E/G ratio of 2.35 and a beta of 0.71. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.22. athenahealth has a 1 year low of $116.77 and a 1 year high of $163.94.
Hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd increased its position in athenahealth by 1,195.2% during the third quarter. Point72 Hong Kong Ltd now owns 816 shares of the health services provider’s stock valued at $109,000 after acquiring an additional 753 shares during the last quarter. Strs Ohio bought a new position in athenahealth during the second quarter valued at $208,000. Global X Management Co LLC increased its position in athenahealth by 382.8% during the second quarter. Global X Management Co LLC now owns 1,656 shares of the health services provider’s stock valued at $264,000 after acquiring an additional 1,313 shares during the last quarter. New Jersey Better Educational Savings Trust bought a new position in athenahealth during the third quarter valued at $281,000. Finally, SG Americas Securities LLC bought a new position in athenahealth during the third quarter valued at $319,000. Institutional investors and hedge funds own 95.97% of the company’s stock.
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.
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