athenahealth (ATHN) Downgraded by BidaskClub

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.

athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Friday, November 9th. The health services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $336.98 million. athenahealth had a net margin of 9.57% and a return on equity of 15.35%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. As a group, analysts anticipate that athenahealth will post 3.06 earnings per share for the current fiscal year.

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.

About athenahealth

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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