Athenahealth Inc (NASDAQ:ATHN) Institutional Investor Sentiment Trend

Athenahealth CEO steps down; company considers sale

It improved, as 23 investors sold athenahealth, Inc. shares while 65 reduced holdings.

Shares of athenahealth opened at $151.14 on Friday, Marketbeat Ratings reports. Raymond James Svcs has invested 0.01% of its capital in athenahealth, Inc. Goldman Sachs Inc invested in 0.02% or 504,888 shares. Dimensional Fund Limited Partnership holds 0.01% in athenahealth, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,697 shares.

Athenahealth on Wednesday backed its full-year revenue forecast of between $1.31 billion and $1.38 billion. (NASDAQ:ATHN). Benjamin F Edwards & Communication has invested 0% in athenahealth, Inc. Moreover, Raymond James And has 0% invested in athenahealth, Inc. 1,638 are owned by Jane Street Group Ltd Liability Com. Quantitative Invest Management Ltd Liability has invested 0.04% in athenahealth, Inc. "The board will be more focused on maximizing shareholder return", Larsen said Shares of the company were up 3.8 percent to $156.85 at 10:50 a.m.in NY. Sumitomo Mitsui Tru Hldgs accumulated 0.1% or 561,940 shares. (NASDAQ:ATHN). Wells Fargo And Mn reported 0.01% stake.

Since January 1, 0001, it had 2 insider purchases, and 23 sales for $12.40 million activity. The change is effective immediately.

Several large investors have recently bought and sold shares of ATHN. The insider O'Brien Timothy John sold 3,064 shares worth $420,596. Armbrester Bradford Kyle sold $309,995 worth of athenahealth, Inc. $507,744 worth of athenahealth, Inc. PiperJaffray's price target would indicate a possible upside of 13.69 % from the stock close price of the company. Berenberg Bank downgraded athenahealth from a "buy" rating to a "hold" rating and raised their price objective for the company from $143.00 to $163.00 in a report on Tuesday, May 15th.

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Ratings analysis reveals 29% of Athenahealth's analysts are positive. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25. athenahealth has a fifty-two week low of $111.61 and a fifty-two week high of $158.66. The stock presently has an average rating of "Hold" and a consensus target price of $152.64. Leerink Swann maintained the shares of ATHN in report on Tuesday, May 8 with "Hold" rating. The rating was maintained by RBC Capital Markets on Friday, February 2 with "Hold". On Monday, May 7 the stock of athenahealth, Inc. The stock rating was upgraded by Evercore to "Outperform" on Tuesday, May 8. ValuEngine upgraded athenahealth from a "hold" rating to a "buy" rating in a report on Tuesday, May 8th. The rating was maintained by Cantor Fitzgerald on Tuesday, February 20 with "Hold". Cantor Fitzgerald has "Hold" rating and $130.0 target. The company was maintained on Monday, April 30 by Citigroup. On Thursday, May 24 the firm has "Hold" rating given by Cantor Fitzgerald. Finally, Dougherty & Co decreased their target price on athenahealth from $150.00 to $143.00 and set a "buy" rating for the company in a research note on Monday, February 6th.

Ticker's shares touched $157.635 during the last trading session after 4.30% change.athenahealth, Inc. has 658,872 shares volume, 22.39% up from normal.

Ahead of the announcement, Athenahealth shares were halted. 31 are the (NASDAQ:ATHN)'s analyst reports since December 8, 2017 according to StockzIntelligence Inc. The stock outperformed the S&P500 by 2.32%.

Analysts await athenahealth, Inc. They expect $0.62 earnings per share, up 121.43 % or $0.34 from last year's $0.28 per share. ATHN's profit will be $25.05 million for 63.48 P/E if the $0.62 EPS becomes a reality. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

In its offer letter to the company's board, Elliott argued that Athenahealth's stock has been underperforming and criticized the company for seemingly "reverting back to long-established patterns of challenged execution" and being "unwilling to explore strategic alternatives for maximizing value". 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.