athenahealth Inc (ATHN) is Reiterated by FBR Capital to Mkt Perform, Lowers Price Target to $ 140

athenahealth Inc (ATHN) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 140 from a previous price target of $145 . FBR Capital advised their investors in a research report released on Jul 22, 2016.

On the company’s financial health, athenahealth Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $256.15 million for the quarter, compared to analysts expectations of $248.49 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

athenahealth Inc opened for trading at $135.9 and hit $139.89 on the upside on Wednesday, eventually ending the session at $138.58, with a gain of 1.74% or 2.37 points. The heightened volatility saw the trading volume jump to 3,68,243 shares. Company has a market cap of $5,441 M.

In a different news, on Jul 7, 2016, Ed Park (EVP and COO) sold 1,500 shares at $136.93 per share price. According to the SEC, on Jul 5, 2016, Jonathan Bush (CEO and President) sold 4,000 shares at $138.47 per share price. On Jul 5, 2016, Brandon H Hull (director) sold 800 shares at $137.48 per share price, according to the Form-4 filing with the securities and exchange commission.

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

athenahealth Inc

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