athenahealth (ATHN) Shares Down 5.5%
Shares of athenahealth, Inc (NASDAQ:ATHN) dropped 5.5% during trading on Tuesday . The stock traded as low as $126.65 and last traded at $135.27. Approximately 3,275,078 shares traded hands during mid-day trading, an increase of 550% from the average daily volume of 504,123 shares. The stock had previously closed at $143.09.
ATHN has been the subject of several research analyst reports. BidaskClub lowered athenahealth from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $140.00 price objective (up previously from $134.00) on shares of athenahealth in a report on Tuesday, July 31st. Oppenheimer lifted their price objective on athenahealth from $158.00 to $179.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. Cowen reaffirmed a “hold” rating and issued a $150.00 price objective on shares of athenahealth in a report on Wednesday, August 1st. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $145.00 price objective on shares of athenahealth in a report on Tuesday. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. athenahealth has a consensus rating of “Hold” and an average target price of $156.80.
The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 86.14, a price-to-earnings-growth ratio of 2.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.62 and a quick ratio of 2.62.
Several institutional investors have recently made changes to their positions in ATHN. Toronto Dominion Bank lifted its position in shares of athenahealth by 116.0% in the second quarter. Toronto Dominion Bank now owns 442,300 shares of the health services provider’s stock valued at $70,372,000 after acquiring an additional 237,500 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of athenahealth by 101.7% in the second quarter. Wells Fargo & Company MN now owns 269,756 shares of the health services provider’s stock valued at $42,930,000 after acquiring an additional 136,007 shares in the last quarter. Millennium Management LLC lifted its position in shares of athenahealth by 146.2% in the first quarter. Millennium Management LLC now owns 201,736 shares of the health services provider’s stock valued at $28,854,000 after acquiring an additional 119,784 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of athenahealth by 13,481.3% in the first quarter. Summit Trail Advisors LLC now owns 103,218 shares of the health services provider’s stock valued at $103,000 after acquiring an additional 102,458 shares in the last quarter. Finally, Natixis purchased a new position in shares of athenahealth in the first quarter valued at about $14,590,000.
athenahealth Company Profile (NASDAQ:ATHN)
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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