Athenahealth CEO steps down; company considers sale

Friday, 08 Jun, 2018

Its up 0.30, from 1 in 2017Q4. The ratio improved due to athenahealth, Inc. positioning: 23 sold and 65 reduced. Moreover, Avalon Global Asset Management Llc has 2.51% invested in the company for 50,780 shares. The France-based Natixis has invested 0.09% in athenahealth, Inc. (NASDAQ:ATHN). Jacobs Levy Equity Mgmt accumulated 21,626 shs or 0.05% of the stock. State Of Wisconsin Board has 7,915 shares. Sumitomo Mitsui Tru Hldgs accumulated 0.1% or 561,940 shares.

Barton Investment Management holds 5.7% of its portfolio in athenahealth, Inc. for 174,894 shares. Hightower Advsr Limited Liability Company owns 5,297 shares. Bush Odonnell Advsr has invested 1.86% in athenahealth, Inc. (NASDAQ:ATHN). Redwood Invs Limited Liability Corp has 0.06% invested in athenahealth, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,697 shares. (NASDAQ:ATHN). Wells Fargo And Mn reported 0.01% stake. $165,383 worth of athenahealth, Inc.

Since January 1, 0001, it had 2 buys, and 23 insider sales for $12.40 million activity. $3.88M worth of athenahealth, Inc. (NASDAQ:ATHN). Pura Vida Investments Ltd Liability Corporation holds 25,000 shares.

Bush's resignation follows several reports of unprofessional behavior and comes as the company board it confirmed it is exploring "strategic alternatives", including a sale. (NASDAQ:ATHN) for 561,940 shs. On Thursday, March 1 the insider Haley Daniel P sold $157,765. Advisory Ser Networks Ltd invested in 0% or 391 shares. O'Brien Timothy John also sold $420,596 worth of athenahealth, Inc. (NASDAQ:ATHN) has 33% bullish analysts. PiperJaffray's price target would indicate a possible upside of 13.69 % from the stock close price of the company. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company's stock. athenahealth has a consensus rating of "Hold" and a consensus price target of $154.41.

Ratings analysis reveals 29% of Athenahealth's analysts are positive. 33% are bullish. With $179 highest and $130.0 lowest target Athenahealth has $154.28 average target or -2.13% below the current ($157.635) price. The stock presently has an average rating of "Hold" and a consensus target price of $152.64. The firm has "Outperform" rating by Evercore given on Tuesday, May 8. Berenberg downgraded the stock to "Hold" rating in Tuesday, May 15 report. Cantor Fitzgerald maintained athenahealth, Inc. (NASDAQ:ATHN) has "Hold" rating given by Cantor Fitzgerald.

Shares of NASDAQ ATHN opened at $151.16 on Tuesday. (NASDAQ:ATHN). 4,278 are held by Great West Life Assurance Can. (NASDAQ:ATHN) earned "Neutral" rating by JP Morgan on Tuesday, April 24. On Friday, February 2 the stock rating was maintained by Piper Jaffray with "Buy".

ATHN reached $157.635 during the last trading session after $6.495 change.athenahealth, uptrending after having risen 14.89% since June 6, 2017.

Athenahealth Inc. said Wednesday that Chairman Jeff Immelt, the former leader of General Electric Co., will become executive chairman. ATHN outperformed by 2.32% the S&P500.

Bush stepping down increases the probability that Athenahealth will be bought, said David Larsen, an analyst at Leerink Partners, in a note to clients Wednesday. Last quarter $0.99 earnings per share was reported. Elliott in May proposed an offer of $160 per share in cash for the company, valuing it at about $6.9 billion. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for electronic health record management to help manage patientÂ's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and well-known provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services. The company has a market capitalization of $6.11 billion, a PE ratio of 96.27, a P/E/G ratio of 2.81 and a beta of 1.26.

Athenahealth, based in Watertown, Massachusetts, makes medical record, revenue cycle and care coordination products and delivers most of its offerings through cloud-based software. As a effect of the price increase, athenahealth, Inc. now has a current market value of 6.41B.

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