Stock Analysis:Athenahealth Inc (NASDAQ:ATHN) Target Upped
In a recent research report sent to investors and clients by Cowen on Friday morning, Athenahealth Inc (NASDAQ:ATHN) had its target price per share boosted to $174.00. The firm now has a solid Outperform rating on shares.
From a total of 21 analysts covering athenaHealth (NASDAQ:ATHN) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 10 a ”Hold”. This means that 52% of the ratings are positive. The highest target price is $200 while the lowest target price is $105. The mean of all analyst targets is $164.1 with a -4.46% below today’s ($162.83) stock price. athenaHealth was the topic of 11 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on November 17 with “Overweight” rating. RBC Capital Markets maintained shares with “Underperform” rating and $105 target share price in a report from an October 26. Leerink Swann downgraded ATHN stock in a recent report from October 26 to “Mkt Perform” rating. Topeka Capital Markets downgraded the rating on October 26. Topeka Capital Markets has a “Hold” rating and a $164 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on an October 26.
The stock decreased 1.28% or $2.11 on December 4, striking $162.83. Approximately shares of stock traded hands. athenahealth, Inc (NASDAQ:ATHN) has risen 41.03% since May 4, 2015 and is uptrending. It has outperformed by 42.11% the S&P500.
athenahealth, Inc. is a provider of cloud services and mobile applications for medical groups and health systems. The company has a market cap of $6.40 billion. The Firm delivers cloud services for revenue cycle management and medical billing, electronic health records , patient engagement, care coordination, population health management, as well as clinical intelligence and decision support. It has 425.58 P/E ratio. Through these services, the Company connects health care information and processes and drives results for more than 62,000 health care providers in medical practices and health systems nationwide.
According to Zacks Investment Research, “ATHENAHEALTH INC is a leading provider of internet-based business services for physician practices. The Company’s service offerings are based on proprietary web-native practice management and electronic medical record software, a continuously updated payer knowledge-base and integrated back-office service operations.” Get a free copy of the Zacks research report on athenahealth, Inc (ATHN).