On Jun, 6 athenahealth, Inc. (ATHN) Sets 1-Year High at $157.64

Athenahealth CEO steps down in wake of past abuse allegations

Gagnon Securities Llc, a New York-based fund reported 37,816 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,697 shares. Cambiar Invsts Limited Liability Com stated it has 47,020 shares or 0.11% of all its holdings. Moreover, Raymond James And has 0% invested in athenahealth, Inc. After the transaction, the SVP, Chief Product Officer Porter Jonathan D. now holds 16,857 shares of the company's stock, which is worth approximately $2653966. JPMorgan Chase & Co. began coverage on shares of athenahealth in a research report on Tuesday, April 24th. Sandy Spring Natl Bank holds 250 shares.

Since January 2, 2018, it had 2 insider buys, and 23 sales for $12.40 million activity. Dimensional Fund Advisors LP now owns 221,746 shares of the health services provider's stock worth $31,716,000 after acquiring an additional 2,927 shares in the last quarter. Another trade for 2,235 shares valued at $309,995 was made by Armbrester Bradford Kyle on Thursday, March 1. Haley Daniel P sold $157,765 worth of stock or 1,153 shares. IMMELT JEFFREY R had bought 7,200 shares worth $996,800 on Tuesday, February 20.

Athenahealth, which sells a software platform to medical providers, is dealing with a tough situation of a takeover offer for $160 a share from Paul Singer's activist firm Elliott Management. Cantor Fitzgerald reissued a "hold" rating and set a $140.00 price objective on shares of athenahealth in a report on Monday, May 14th.

Ratings analysis reveals 29% of Athenahealth's analysts are positive. The company now has an average rating of "Hold" and a consensus target price of $154.41. $150.18's average target is -4.34% below currents $157 stock price. CACI was included in 13 notes of analysts from January 8, 2018. In Thursday, February 1 report Jefferies maintained the stock with "Hold" rating. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company. The company rating was maintained by Stifel Nicolaus on Friday, February 2. On Tuesday, May 22 Deutsche Bank maintained the shares of ATHN in report with "Hold" rating. Also, SVP Jonathan D. Porter sold 422 shares of athenahealth stock in a transaction that occurred on Monday, May 7th. The rating was maintained by Piper Jaffray with "Buy" on Friday, February 16. On Tuesday, April 24 JP Morgan maintained athenahealth, Inc.

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JPMorgan Chase & Co. now owns 46,168 shares of the health services provider's stock worth $6,603,000 after acquiring an additional 4,764 shares in the last quarter. Athenahealth had a relatively rough first quarter in 2018, booking less business than the same period a year earlier. (NASDAQ:ATHN)'s earnings release is awaited by WallStreet, Faxor reports. earnings per share of $0.62 is 121.43 % up from 2017's $0.28 EPS. ATHN outperformed the S&P 500 by 2.32%.

"The points made by Elliott were specific to (Athenahealth), but we also recognize a number of challenging broader macro drivers, as well, including slowing growth in the (electronic health records) industry", Cowen analyst Charles Rhyee said in a note to clients. (NASDAQ:ATHN)'s earnings report is expected by WallStreet, Faxor reports. If ATHN's EPS is $0.62 the profit will be $25.05M for 63.56 P/E. The company has a market capitalization of $6.1 billion. 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. The company has a market cap of $4.34 billion, a P/E ratio of 214.49 and a beta of 1.77. athenahealth, Inc has a 1-year low of $90.11 and a 1-year high of $142.40. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates services 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.

Michelle Mattson-Hamilton, associate principal, ST Advisors, a strategic and financial advisory firm focused on healthcare IT, said this recent turn of events at athenahealth is not surprising given the developments over the past month.

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