The stock of athenahealth, Inc (NASDAQ:ATHN) is a huge mover today! About 280,438 shares traded hands. athenahealth, Inc (NASDAQ:ATHN) has declined 9.20% since March 7, 2016 and is downtrending. It has underperformed by 16.80% the S&P500.
The move comes after 8 months positive chart setup for the $5.11B company. It was reported on Oct, 10 by Barchart.com. We have $196.67 PT which if reached, will make NASDAQ:ATHN worth $2.66B more.
Analysts await athenahealth, Inc (NASDAQ:ATHN) to report earnings on October, 27. They expect $0.21 earnings per share, up 90.91% or $0.10 from last year’s $0.11 per share. ATHN’s profit will be $8.29M for 154.04 P/E if the $0.21 EPS becomes a reality. After $0.06 actual earnings per share reported by athenahealth, Inc for the previous quarter, Wall Street now forecasts 250.00% EPS growth.
athenahealth, Inc (NASDAQ:ATHN) Ratings Coverage
Out of 13 analysts covering athenaHealth (NASDAQ:ATHN), 5 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 38% are positive. athenaHealth has been the topic of 19 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, October 6 by UBS. The stock has “Outperform” rating given by Raymond James on Friday, October 23. As per Monday, October 26, the company rating was maintained by Barclays Capital. The rating was downgraded by Barclays Capital to “Underweight” on Tuesday, November 17. As per Wednesday, August 31, the company rating was reinitiated by Stifel Nicolaus. As per Monday, October 26, the company rating was maintained by RBC Capital Markets. On Friday, July 22 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was maintained by Oppenheimer on Monday, October 26 with “Outperform”. On Tuesday, November 17 the stock rating was initiated by JP Morgan with “Overweight”. Topeka Capital Markets downgraded athenahealth, Inc (NASDAQ:ATHN) on Monday, October 26 to “Hold” rating.
According to Zacks Investment Research, “ATHENAHEALTH INC is a leading provider of internet-based business services for physician practices. The Company’s service offerings are based on proprietary web-native practice management and electronic medical record software, a continuously updated payer knowledge-base and integrated back-office service operations.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.16, from 1.09 in 2016Q1. The ratio fall, as 26 funds sold all athenahealth, Inc shares owned while 79 reduced positions. 20 funds bought stakes while 78 increased positions. They now own 46.40 million shares or 1.43% less from 47.07 million shares in 2016Q1.
Capital Rech Investors holds 2.97M shares or 0.14% of its portfolio. Gam Ag has 16,462 shares for 0.04% of their US portfolio. Aperio Group Llc holds 0% or 3,406 shares in its portfolio. Clearbridge Limited Liability Corp has invested 0% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). Tradewinds Cap Limited Liability has 0.03% invested in the company for 300 shares. Guggenheim Cap Llc last reported 2,539 shares in the company. Raymond James Fincl Svcs Advsrs Inc holds 0% of its portfolio in athenahealth, Inc (NASDAQ:ATHN) for 1,925 shares. The New Jersey-based Blackrock Inv Management Ltd Limited Liability Company has invested 0% in athenahealth, Inc (NASDAQ:ATHN). The Tennessee-based Diversified Company has invested 0.07% in athenahealth, Inc (NASDAQ:ATHN). The New York-based Qs has invested 0% in athenahealth, Inc (NASDAQ:ATHN). Bluecrest Cap has invested 0.02% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). Northern Trust has invested 0.02% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). First Republic Mgmt Inc accumulated 0.01% or 8,668 shares. State Bank Of New York Mellon has 312,329 shares for 0.01% of their US portfolio. Neuberger Berman Gp Ltd Liability accumulated 0% or 1,906 shares.
Insider Transactions: Since April 25, 2016, the stock had 0 insider purchases, and 22 sales for $6.58 million net activity. Park Ed also sold $188,736 worth of athenahealth, Inc (NASDAQ:ATHN) on Wednesday, June 1. Bush Jonathan sold 4,000 shares worth $489,256. Hull Brandon H also sold $109,984 worth of athenahealth, Inc (NASDAQ:ATHN) on Friday, July 1. Haley Daniel P also sold $262,423 worth of athenahealth, Inc (NASDAQ:ATHN) shares. $370,329 worth of athenahealth, Inc (NASDAQ:ATHN) shares were sold by KANE JOHN A. Stubelis Karl sold $114,478 worth of stock. Abernethy Amy also sold $122,290 worth of athenahealth, Inc (NASDAQ:ATHN) on Thursday, September 1.
More important recent athenahealth, Inc (NASDAQ:ATHN) news were published by: Fool.com which released: “Q2 Provider Gains Make Athenahealth Inc. Optimistic About Rest of the Year” on July 22, 2016, also Globenewswire.com published article titled: “athenahealth, Inc. Announces Third Quarter 2016 Earnings Conference Call”, Fool.com published: “Athenahealth, Inc.’s Physician Network Growth Propels Solid Q1 Revenue Gains” on April 29, 2016. More interesting news about athenahealth, Inc (NASDAQ:ATHN) was released by: Bizjournals.com and their article: “Athenahealth acquires second company from accelerator program” with publication date: August 29, 2016.
ATHN Company Profile
athenahealth, Inc., incorporated on August 21, 1997, is a well-known provider of cloud services and mobile applications for medical groups and health systems. The Firm delivers cloud services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support. Through these services, the Company connects healthcare information and processes, and drives results for approximately 75,000 healthcare providers. The Firm has developed various cloud services. The Company’s services include athenaCollector for revenue cycle and practice management; athenaClinicals for electronic health records; athenaCommunicator for patient engagement; athenaCoordinator for order transmission; athenaCoordinator Enterprise for patient access, care coordination, and order transmission; athenaCommunicator Enterprise for population health management, and Epocrates for clinical decision support.
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