athenahealth Inc (ATHN) is Reiterated by Jefferies to Underperform, Raises Price Target to $ 110

athenahealth Inc (ATHN) was Reiterated by Jefferies to “Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 110 from a previous price target of $105 . Jefferies advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on athenahealth Inc. athenahealth Inc was Resumed by Stifel to “Hold” on Aug 31, 2016. Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 140 from a previous price target of $145 .Shares were Downgraded by Deutsche Bank on Jul 22, 2016 to ” Hold” and Lowered the Price Target to $ 147 from a previous price target of $165 .

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 closed down -3.03 points or -2.33% at $126.93 with 2,82,276 shares getting traded on Tuesday. Post opening the session at $129.7, the shares hit an intraday low of $125.845 and an intraday high of $129.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 11, 2016, Brandon H Hull (director) sold 2,400 shares at $130.00 per share price. According to the SEC, on Oct 11, 2016, Timothy John O’brien (SVP, Chief Marketing Officer) sold 421 shares at $130.00 per share price. On Oct 11, 2016, Bradford Kyle Armbrester (SVP, Chief Product Officer) sold 2,545 shares at $130.00 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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