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.

athenahealth (NASDAQ:ATHN) last released its earnings results on Monday, July 30th. The health services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.47. The company had revenue of $323.30 million for the quarter, compared to the consensus estimate of $334.77 million. athenahealth had a return on equity of 14.71% and a net margin of 8.71%. athenahealth’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. analysts expect that athenahealth, Inc will post 3.22 EPS for the current fiscal year.

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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