athenahealth, Inc (ATHN) Director David Eric Robinson Sells 5,000 Shares of Stock

athenahealth, Inc (NASDAQ:ATHN) Director David Eric Robinson sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $133.94, for a total value of $669,700.00. Following the sale, the director now directly owns 8,596 shares of the company’s stock, valued at approximately $1,151,348.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of athenahealth, Inc (NASDAQ:ATHN) traded down $0.98 during trading on Friday, hitting $134.12. The stock had a trading volume of 70,323 shares, compared to its average volume of 250,242. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market cap of $5,390.00, a PE ratio of 174.18, a price-to-earnings-growth ratio of 3.16 and a beta of 1.58. athenahealth, Inc has a fifty-two week low of $95.01 and a fifty-two week high of $158.66.

athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The firm had revenue of $304.60 million for the quarter, compared to analysts’ expectations of $310.52 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. research analysts forecast that athenahealth, Inc will post 1.22 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in athenahealth by 7.7% in the 2nd 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 period. BNP Paribas Arbitrage SA increased its position in athenahealth by 123.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock valued at $189,000 after acquiring an additional 744 shares during the period. ProShare Advisors LLC acquired a new stake in athenahealth in the 2nd quarter valued at approximately $205,000. Ameriprise Financial Inc. acquired a new stake in athenahealth in the 2nd quarter valued at approximately $206,000. Finally, Columbia Partners L L C Investment Management acquired a new stake in athenahealth in the 2nd quarter valued at approximately $216,000.

A number of equities research analysts have issued reports on ATHN shares. Oppenheimer reissued a “buy” rating and set a $184.00 price target on shares of athenahealth in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $167.00 target price on shares of athenahealth in a research report on Tuesday, October 17th. KeyCorp reaffirmed a “buy” rating and issued a $170.00 target price on shares of athenahealth in a research report on Sunday, September 17th. SunTrust Banks reaffirmed a “buy” rating and issued a $156.00 target price on shares of athenahealth in a research report on Wednesday, October 25th. Finally, TheStreet downgraded athenahealth from a “b-” rating to a “c+” rating in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. athenahealth currently has a consensus rating of “Hold” and a consensus price target of $143.43.

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athenahealth Company Profile

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.

Insider Buying and Selling by Quarter for athenahealth (NASDAQ:ATHN)

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