Could Athenahealth Incorporated (NASDAQ:ATHN) Skyrocket? The Stock Had Too Little Sellers

December 7, 2017 - By Henry Gaston

 Could Athenahealth Incorporated (NASDAQ:ATHN) Skyrocket? The Stock Had Too Little Sellers

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.18, from 0.92 in 2017Q1. It is positive, as 33 investors sold athenahealth, Inc. shares while 65 reduced holdings. 45 funds opened positions while 63 raised stakes. 47.07 million shares or 1.00% more from 46.60 million shares in 2017Q1 were reported.
Benjamin F Edwards holds 115 shares. First Tru Advsrs Ltd Partnership owns 1,560 shares for 0% of their portfolio. Moreover, Teacher Retirement System Of Texas has 0% invested in athenahealth, Inc. (NASDAQ:ATHN). Aqr Cap Ltd Liability holds 0% or 4,099 shares. 30,397 were reported by Parametric Ltd Com. Credit Suisse Ag has 656,683 shares for 0.09% of their portfolio. California State Teachers Retirement System reported 70,328 shares. Geode Cap Llc, a Massachusetts-based fund reported 327,339 shares. Barclays Pcl stated it has 15,045 shares. Pub Employees Retirement Association Of Colorado has 56,089 shares. Portolan Ltd Com has 0.39% invested in athenahealth, Inc. (NASDAQ:ATHN) for 21,653 shares. Ftb Advsr reported 0% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN). Qs Invsts Ltd has invested 0% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN). Moreover, Hanson & Doremus Invest has 0.02% invested in athenahealth, Inc. (NASDAQ:ATHN). Bancshares Of Montreal Can reported 5,629 shares stake.

Since June 15, 2017, it had 0 insider purchases, and 1 sale for $42,681 activity.

The stock of Athenahealth Incorporated (NASDAQ:ATHN) registered a decrease of 7.45% in short interest. ATHN’s total short interest was 5.13 million shares in December as published by FINRA. Its down 7.45% from 5.55M shares, reported previously. With 890,500 shares average volume, it will take short sellers 6 days to cover their ATHN’s short positions. The short interest to Athenahealth Incorporated’s float is 13.17%.

The stock increased 1.25% or $1.675 during the last trading session, reaching $135.455. About 94,644 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 0.90% since December 7, 2016 and is uptrending. It has underperformed by 15.80% the S&P500.

athenahealth, Inc., together with its subsidiaries, provides network medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. The company has market cap of $5.42 billion. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for electronic health record management to help manage patientÂ’s clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and well-known provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services. It has a 176.14 P/E ratio. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Coverage

Among 28 analysts covering athenaHealth (NASDAQ:ATHN), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. athenaHealth had 74 analyst reports since July 27, 2015 according to SRatingsIntel. Wells Fargo maintained it with “Outperform” rating and $155 target in Monday, October 23 report. Stifel Nicolaus maintained it with “Hold” rating and $157.0 target in Friday, October 20 report. Jefferies maintained it with “Hold” rating and $135.0 target in Friday, September 1 report. The firm has “Hold” rating by Topeka Capital Markets given on Monday, October 26. The company was initiated on Thursday, October 6 by UBS. On Monday, July 27 the stock rating was maintained by Topeka Capital Markets with “Buy”. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Buy” rating given on Monday, October 2 by Robert W. Baird. Canaccord Genuity maintained it with “Hold” rating and $104 target in Thursday, December 15 report. As per Friday, June 23, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Monday, December 14 by Topeka Capital Markets.

More important recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Investorplace.com which released: “athenahealth (ATHN) a Buy on Robust Earnings Visibility” on December 07, 2017, also Globenewswire.com published article titled: “athenahealth Appoints Marc Levine as Chief Financial Officer and Treasurer”, Fool.com published: “Better Buy: Veeva Systems Inc vs. Athenahealth, Inc” on November 15, 2017. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) was released by: Nasdaq.com and their article: “Why Is athenahealth (ATHN) Up 10.7% Since the Last Earnings Report?” with publication date: November 20, 2017.

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