Athenahealth, Inc. (NASDAQ:ATHN) Sees Unusual Volume Mid-Session

Marco Green
May 19, 2017

618,386 shares of the company's stock were exchanged. In comparison, past year the company earned revenue of $256 million and had a GAAP net loss of $833K.

The hedge fund, headed by Paul Singer, believes Athenahealth, "operates in a highly strategic area at the intersection of technology and healthcare with a disruptive value proposition, a leading competitive position and a compelling product set, the value of which is not reflected in [their] current market value". If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & global copyright law. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/05/19/suntrust-banks-comments-on-athenahealth-incs-q2-2017-earnings-athn-updated.html.

ATHN has been the subject of a number of other reports. While the stock price moved along with the volume change, shares are touching $127.77.

Shares of Athenahealth, a $4.1-billion company based in Watertown, Mass., jumped 15.7 percent to $123 in premarket trading. Finally, Piper Jaffray Companies reiterated an "overweight" rating and issued a $160.00 target price on shares of athenahealth in a report on Tuesday, April 4th. Jefferies Group LLC set a $95.00 price target on shares of athenahealth and gave the company a "sell" rating in a research note on Sunday, January 15th. They set a "buy" rating and a $143.00 price target for the company. 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. The company has an average rating of "Buy" and a consensus price target of $131.42. (NASDAQ:ATHN)'s stock about 2.85% from the 50-day high and 34.48% away from the 50-day low. Russell Investments Group Ltd. acquired a new position in athenahealth during the fourth quarter valued at approximately $118,000. Credit Suisse AG boosted its position in athenahealth by 404.5% in the first quarter. Polar Capital LLP now owns 54,334 shares of the health services provider's stock worth $6,853,000 after buying an additional 1,750 shares in the last quarter. FNY Partners Fund LP now owns 1,000 shares of the health services provider's stock valued at $112,000 after buying an additional 950 shares during the last quarter.

4/19/2017-Oppenheimer Holdings Inc. Reiterated Rating of Outperform. Teachers Advisors LLC increased its position in shares of athenahealth by 3.0% in the fourth quarter. State Street Corp now owns 502,823 shares of the health services provider's stock valued at $56,662,000 after buying an additional 17,718 shares during the period.

On 4/25/2017 Jonathan Bush, CEO, sold 8,000 with an average share price of $120.00 per share and the total transaction amounting to $960,000.00. The stock now has an average rating of "Hold" and a consensus target price of $129.32. Following the completion of the transaction, the chief executive officer now directly owns 319,807 shares of the company's stock, valued at $38,376,840.

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