athenahealth Inc is Initiated by Berenberg to “Buy”

athenahealth Inc (ATHN) was Initiated by Berenberg to “Buy” and the brokerage firm has set the Price Target at $143. Berenberg advised their Clients and Investors in a research report released on Feb 7, 2017.

On the company’s financial health, athenahealth Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Feb 2, 2017. Analyst had a consensus of $0.51. The company had revenue of $288.20 million for the quarter, compared to analysts expectations of $303.72 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Several company insiders have filed Insider transactions , on Feb 3, 2017, Jonathan Bush (CEO and President) sold 4,000 shares at $125.96 per share price. According to the SEC, on Jan 31, 2017, John A Kane (director) sold 2,875 shares at $123.11 per share price. On Dec 19, 2016, Amy Abernethy (director) sold 1,000 shares at $117.15 per share price, according to the Form-4 filing with the securities and exchange commission.

athenahealth Inc closed down -2.52 points or -2.16% at $113.88 with 4,53,215 shares getting traded on Friday. Post opening the session at $115.46, the shares hit an intraday low of $113.2 and an intraday high of $115.46 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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