athenahealth (NASDAQ:ATHN) had its price objective raised by Sterne Agee to $179.00 in a research report released on Wednesday morning, Stock Ratings Network.com reports. Sterne Agee currently has a hold rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at B. Riley raised their price target on shares of athenahealth from $106.00 to $130.00 in a research note to investors on Tuesday. They now have a neutral rating on the stock. Separately, analysts at Raymond James downgraded shares of athenahealth from an outperform rating to a market perform rating in a research note to investors on Tuesday. They now have a $120.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. reiterated an overweight rating on shares of athenahealth in a research note to investors on Monday. They now have a $181.00 price target on the stock, up previously from $123.00. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $124.85.
In other athenahealth news, CFO Timothy M. Adams sold 20,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $138.39, for a total transaction of $2,767,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of athenahealth (NASDAQ:ATHN) traded down 0.31% on Wednesday, hitting $142.306. The stock had a trading volume of 282,610 shares. athenahealth has a 52-week low of $56.33 and a 52-week high of $117.54. The stock has a 50-day moving average of $110.7 and a 200-day moving average of $97.29. The company’s market cap is $5.286 billion.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 17th. The company reported $0.29 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $154.80 million. During the same quarter last year, the company posted $0.30 earnings per share. athenahealth’s revenue was up 43.1% compared to the same quarter last year. Analysts expect that athenahealth will post $1.03 EPS for the current fiscal year.
athenahealth, Inc (NASDAQ:ATHN), is a business services company, which provides ongoing billing, clinical-related, and other related services to its customers.
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