BidaskClub lowered shares of athenahealth, Inc. (NASDAQ:ATHN) from a hold rating to a sell rating in a research report report published on Tuesday.

A number of other research analysts have also recently weighed in on the stock. Cowen and Company cut shares of athenahealth from an outperform rating to a market perform rating and lifted their price target for the company from $127.00 to $133.00 in a research report on Monday, July 31st. ValuEngine raised shares of athenahealth from a sell rating to a hold rating in a research report on Monday, July 24th. Citigroup Inc. reaffirmed a buy rating and set a $186.00 price target (up from $169.00) on shares of athenahealth in a research report on Monday, July 24th. Leerink Swann reaffirmed a positive rating and set a $155.00 price target (up from $140.00) on shares of athenahealth in a research report on Monday, July 24th. Finally, UBS AG reaffirmed a positive rating and set a $175.00 price target (up from $157.00) on shares of athenahealth in a research report on Monday, July 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. athenahealth currently has an average rating of Hold and a consensus price target of $148.64.

Shares of athenahealth (ATHN) opened at 141.45 on Tuesday. The stock has a market capitalization of $5.65 billion, a P/E ratio of 179.51 and a beta of 1.77. The company’s 50-day moving average is $143.27 and its 200 day moving average is $124.42. athenahealth has a 52 week low of $90.11 and a 52 week high of $158.66.

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

TRADEMARK VIOLATION NOTICE: This piece was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/05/athenahealth-inc-nasdaqathn-downgraded-by-bidaskclub.html.

In other athenahealth news, CFO Karl Stubelis sold 3,952 shares of athenahealth stock in a transaction on Monday, June 5th. The shares were sold at an average price of $138.98, for a total value of $549,248.96. Following the completion of the transaction, the chief financial officer now owns 21,810 shares of the company’s stock, valued at $3,031,153.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Bradford Kyle Armbrester sold 2,431 shares of athenahealth stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $130.00, for a total transaction of $316,030.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,905 shares of company stock valued at $3,120,107. Insiders own 3.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Wesbanco Bank Inc. acquired a new position in athenahealth during the first quarter worth approximately $714,000. Russell Investments Group Ltd. increased its position in athenahealth by 380.8% in the first quarter. Russell Investments Group Ltd. now owns 5,409 shares of the health services provider’s stock worth $609,000 after buying an additional 4,284 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in athenahealth by 113.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 7,900 shares of the health services provider’s stock worth $890,000 after buying an additional 4,200 shares in the last quarter. Barton Investment Management increased its position in athenahealth by 3.9% in the first quarter. Barton Investment Management now owns 225,346 shares of the health services provider’s stock worth $25,394,000 after buying an additional 8,511 shares in the last quarter. Finally, Riverbridge Partners LLC increased its position in athenahealth by 2.0% in the first quarter. Riverbridge Partners LLC now owns 1,057,142 shares of the health services provider’s stock worth $119,129,000 after buying an additional 20,971 shares in the last quarter.

athenahealth Company Profile

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)

Receive News & Ratings for athenahealth Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth Inc. and related companies with MarketBeat.com's FREE daily email newsletter.