Athenahealth, Inc (ATHN) Stock Price Down 19.3% Following Weak Earnings

Athenahealth, Inc (ATHN) Stock Price Down 19.3% Following Weak Earnings

Athenahealth has been building its health IT market share through acquisitions for years, such as its deal to buy RazorInsights in 2015.

Today, athenahealth (NASDAQ:ATHN) stock received an upgrade by Jefferies Group LLC from Hold with a price target of $135.00.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. The day's total volume of 3096152 this morning is in contrast from the three-month daily average of 552.72K. Equities research analysts forecast that athenahealth will post $1.89 EPS for the current year. If the market is performing well and the stock is over-valued, ATHN might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.

Investment firm Elliott Associates has bought 9.2 percent of athenahealth stock, according to an SEC filing submitted Tuesday, and speculation has already started about what that might mean for the health IT company's future.

Man charged with murder after NY vehicle carnage
The woman killed in the incident Thursday has been identified as Alyssa Elsman , an 18-year-old tourist from Portage , Michigan . A woman, 18, was reportedly pronounced dead at the scene and her sister was also injured, according to the news outlet.

Currently, the analyst consensus on Athenahealth is Moderate Buy and the average price target is $122.50, representing a -5.8% downside. The firm's 50 day moving average is $110.87 and its 200-day moving average is $110.59. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 246.81 and a beta of 1.77.

ILLEGAL ACTIVITY NOTICE: This report was originally published by BBNS and is the sole property of of BBNS. GSA Capital Partners LLP acquired a new position in shares of athenahealth during the fourth quarter valued at $307,000. Stifel Nicolaus decreased their price objective on athenahealth from $125.00 to $116.00 and set a "hold" rating for the company in a report on Monday, February 6th.

In other athenahealth news, CEO Jonathan Bush sold 8,000 shares of athenahealth stock in a transaction that occurred on Tuesday, April 25th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. BlackRock Fund Advisors raised its position in athenahealth by 2.3% in the third quarter. Barclays PLC set a $88.00 price target on athenahealth and gave the company an "underweight" rating in a report on Monday, May 1st. If you are reading this report on another domain, it was illegally stolen and republished in violation of global copyright & trademark laws. Oppenheimer Holdings Inc. restated an "outperform" rating and set a $142.00 target price on shares of athenahealth in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. Insiders own 3.04% of the company's stock. Also, SVP Jonathan D. Porter sold 300 shares of the stock in a transaction that occurred on Monday, May 15th. Following the completion of the sale, the chief executive officer now owns 319,807 shares in the company, valued at approximately $38,376,840. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

Related News:

  • Markets Right Now: Stocks recover ground a day after slump

    Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $476,044,833.20. Cleaner aisles, faster checkouts and fewer missing items have been the focus for Wal-Mart's USA stores chief Greg Foran.

    'No, no. Next question': Trump rejects collusion & Comey's claims

    The FBI's reputation, he said, had been damaged during the presidential campaign, given "what happened with respect to the Clinton campaign".

    Trump says he's 'very close' to naming an FBI director

    The White House declined to comment to Politico , while Lieberman's office had not yet replied as of the publication of its story. Lieberman is now a senior counsel at the NY law firm Kasowitz Benson Torres Friedman LLP, which has represented Trump for years .
  • Theresa May seeks to tighten government grip on corporate Britain

    Shale companies could undertake "non-fracking drilling" under permitted development rights, the party's manifesto said. May will also keep the government's pledge to cut corporation tax to 17 percent by 2020, the Telegraph said.
    Bobby Moynihan Leaving 'Saturday Night Live' After 9 Seasons

    Bobby Moynihan Leaving 'Saturday Night Live' After 9 Seasons

    His best known recurring character is Drunk Uncle , who shows up to tell stories on the " Weekend Update " segment. The regular season finale of " Saturday Night Live " stars Dwayne Johnson as host with musical guest Katy Perry.
    Trump told not to recognize Jerusalem as Israel's capital ahead of visit

    Trump told not to recognize Jerusalem as Israel's capital ahead of visit

    He said he had "hope" about prospects for peace with Trump in that role as he praised the President for his negotiating acumen. President Donald Trump is widely expected to use his first foreign trip to give fresh impetus to Middle East peace talks.
  • Brazil's President Michel Temer Clings to Power; Emerging Market Stocks Struggle

    Brazil's President Michel Temer Clings to Power; Emerging Market Stocks Struggle

    Within 90 minutes of the opening, Brazil's main Ibovespa stock index dropped 10 percent and trading was stopped for 30 minutes. The scandal deepened as police searched the Rio de Janeiro home and Brasilia office of Senator Aecio Neves.
    6 men lynched in India over child abduction

    6 men lynched in India over child abduction

    Police officials said that when a police team arrived at the scene, the agitating villagers started throwing stones at the police. The men - identified as Sheikh Naim (35), Sheikh Sajju (25), Sheikh Halim (28), and Sheikh Siraj (26) - did not stop the auto .
    Conte ready to discard players who want out at Chelsea

    Conte ready to discard players who want out at Chelsea

    The young Brazilian striker has hit form for Man City at the right time as the club pushes for Champions League qualification. Chelsea have long had this season's title sewn up. " It's important for me that every player must have the pleasure to stay ".
  • Ross Barkley: Everton boss Ronald Koeman not confident midfielder will stay

    Ross Barkley: Everton boss Ronald Koeman not confident midfielder will stay

    Either he accepts the contract or we sell the player. I don't know if he won't give an answer. But that is what we work on to improve.
    The New York Yankees Retire Derek Jeter's #2 Jersey

    The New York Yankees Retire Derek Jeter's #2 Jersey

    YES said it was the most-viewed network in New York's designated market area for each quarter hour from 6:30-7:30 p.m. Jeter sidestepped a pair of questions about his role in a group headed by former Florida Gov.
    Hackers mint crypto-currency with technique in global ransomware attack

    Hackers mint crypto-currency with technique in global ransomware attack

    Ambassador to the UN Nikki Haley said Washington and Beijing are discussing the possibility of additional measures on the North. There have been three accounts identified so far, and there's no indication yet that the criminals have touched the funds.


Most liked

Cannes 2017: Bella Hadid's Wardrobe Malfunction Is Jaw Droppinly SHOCKING!
On second day of the 70th Cannes Film Festival , the Tamasha girl made a bold statement with graphic eyes in antique green. Mohammed Hadid stood proudly by his stunning daughter on the red carpet as she posed for photographs.

Mortgage rates hold above 4%
There's nothing like a good old fashioned political crisis to make investors nervous and bring mortgage rates lower. It was the fifth straight week that the benchmark 30-year rate hovered around the key threshold of 4 percent.

US stock indexes edge higher in afternoon trading; oil down
US e-commerce sales surged 63% in the first quarter, including sales from Jet.com Inc. and other recent e-commerce acquisitions. Net sales at Sam's Club, the company's warehouse division, increased 2.8 percent to $14 billion in the quarter.

Severe weather expected to impact Oklahoma through Saturday
Devin Feuerhelm said that his sister, Lenna Samuelson, lives at Prairie Lakes Estates with her two daughters, Ashley and Brenna. Shards of glass were flying at them like bullets, Tyson said: "When your house comes apart like that, there's no place to go".

US FCC votes to advance repeal of Obama-era internet rules
The net neutrality rules were approved in February 2015 when Republicans were in the commission's minority. The process of eliminating net neutrality is officially underway.

Ex-US Rep. Anthony Weiner to plead guilty in sexting case
The government is seeking a term of 21 months to 27 months in jail on the single count of transferring obscene material to a minor.

China's Xi says willing to help end rift with South Korea
For his part, Lee said Moon asked him to express his "gratitude" to Xi for his message of congratulations after the election. His envoy for Russian Federation will leave next week.

WannaCry Influences Companies to Stock Bitcoin for Ransomware Emergencies
But as the WannaCry ransomware attack shows, this could be the beginning of something worse to come. WannaCry is a wake-up call to enterprises and individuals of the need for better Cyber Security.

President taking off on first worldwide trip
This is not a battle about cultures. "And their - the goodness of people of all faiths will prevail over this evil". How he refers to their country, how he refers to their leaders, how he refers to their religion.

Saudi Arabia says Trump visit will bolster cooperation, trade -FM
The president will stop first in Saudi Arabia, where he will meet with the leaders of more than 50 Muslim nations. He said Trump's message will be that the battle is not one of religion or culture but "good versus evil".

China's Xi pledges 100 billion yuan for Silk Road
Charles Kayonga has praised the Belt and Road initiative as a platform for Africa to grow with the rest of the world. He added: "We have every reason to be confident in the future of the Belt and Road.

A look at Iran's presidential candidates
He has spent a lot of time working on alternatives to western investment, such as a closer relationship with Russian Federation . But his support has never been more than tepid. "This is not correct". "Now, we (still) don't have freedom and don't have jobs".

VW's GTI on the way up!
But, with the production vehicle due to go on sale early next year, we'll let you know just how good it is as soon as possible. A move helped by its three-door layout, something increasingly rare in the hot hatch sector.

Trump promises quick nomination of new Federal Bureau of Investigation chief
John Cornyn (R-Texas) and acting FBI Director Andrew McCabe are among the four candidates being interviewed today. Adam Lee, a special agent in charge of the FBI's office in Richmond, Virginia, was interviewed as well.

EU Parliament Denounces Israeli Settlements Law In The West Bank
Palestinians say it stems from anger over decades of Israeli rule in territory they claim for their state. The Palestinian rock thrower also was detained.