Investment analysts at Royal Bank Of Canada began coverage on shares of athenahealth, Inc. (NASDAQ:ATHN) in a research report issued on Tuesday. The brokerage set a “sector perform” rating and a $153.00 price target on the health services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 23.48% from the stock’s current price.

A number of other research analysts have also commented on the stock. KeyCorp restated a “buy” rating and set a $170.00 price target on shares of athenahealth in a research report on Sunday. Jefferies Group LLC reduced their price target on shares of athenahealth from $135.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, September 15th. Robert W. Baird restated a “buy” rating and set a $170.00 price target on shares of athenahealth in a research report on Thursday, August 31st. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 price objective (up from $108.00) on shares of athenahealth in a report on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $170.00 price objective (up from $150.00) on shares of athenahealth in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $149.91.

Shares of athenahealth (NASDAQ:ATHN) opened at 123.91 on Tuesday. The company has a market capitalization of $4.95 billion, a PE ratio of 157.25 and a beta of 1.79. The firm’s 50-day moving average price is $138.24 and its 200 day moving average price is $129.15. athenahealth has a 1-year low of $90.11 and a 1-year high of $158.66.

athenahealth (NASDAQ:ATHN) last released its quarterly 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 analyst estimates of $298.68 million. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. Equities analysts predict that athenahealth will post $1.91 EPS for the current fiscal year.

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In other news, CEO Jonathan Bush sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $140.52, for a total transaction of $562,080.00. Following the completion of the transaction, the chief executive officer now directly owns 319,807 shares of the company’s stock, valued at $44,939,279.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brandon H. Hull sold 800 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $140.81, for a total transaction of $112,648.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,722 shares of company stock valued at $2,221,721. Insiders own 3.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Turner Investments LLC bought a new position in shares of athenahealth during the second quarter valued at about $105,000. Bessemer Group Inc. raised its stake in shares of athenahealth by 13.7% during the second quarter. Bessemer Group Inc. now owns 938 shares of the health services provider’s stock valued at $132,000 after acquiring an additional 113 shares during the last quarter. FNY Partners Fund LP raised its stake in shares of athenahealth by 1,900.0% during the first quarter. FNY Partners Fund LP now owns 1,000 shares of the health services provider’s stock valued at $112,000 after acquiring an additional 950 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of athenahealth by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after acquiring an additional 84 shares during the last quarter. Finally, Seven Bridges Advisors LLC raised its stake in shares of athenahealth by 5.4% during the second quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after acquiring an additional 67 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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