Could Athenahealth Inc (NASDAQ:ATHN) Skyrocket? The Stock Had Too Little Sellers

November 10, 2018 - By Winifred Garcia

athenahealth, Inc. (NASDAQ:ATHN) Logo

Investors sentiment decreased to 1.2 in Q2 2018. Its down 0.10, from 1.3 in 2018Q1. It worsened, as 39 investors sold athenahealth, Inc. shares while 63 reduced holdings. 49 funds opened positions while 73 raised stakes. 39.58 million shares or 10.95% less from 44.45 million shares in 2018Q1 were reported.
Guggenheim Limited Liability Corporation owns 2,720 shares for 0% of their portfolio. Benjamin F Edwards has invested 0% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN). Federated Invsts Inc Pa owns 54,331 shares. Metropolitan Life Insur Ny accumulated 0% or 3,149 shares. Goldman Sachs Grp, New York-based fund reported 262,609 shares. Qs Invsts Limited Liability Corporation owns 848 shares or 0% of their US portfolio. Wells Fargo & Mn holds 0.01% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN) for 269,756 shares. Panagora Asset Mngmt holds 104,655 shares. Schwab Charles Inv Mngmt holds 229,027 shares or 0.03% of its portfolio. Jackson Square Prtnrs Lc reported 272,967 shares. Stephens Mgmt Grp Ltd holds 0.92% or 289,591 shares. 40,451 were reported by Daiwa Secs Gru. Oppenheimer & Inc holds 0.01% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN) for 3,029 shares. Barclays Public Ltd holds 0.02% in athenahealth, Inc. (NASDAQ:ATHN) or 151,298 shares. California-based Symphony Asset Mgmt Ltd Liability Company has invested 0.16% in athenahealth, Inc. (NASDAQ:ATHN).

Since May 16, 2018, it had 0 insider purchases, and 6 selling transactions for $1.01 million activity. The insider Haley Daniel P sold $165,383. Shares for $751,594 were sold by Bush Jonathan.

The stock of Athenahealth Inc (NASDAQ:ATHN) registered a decrease of 14.72% in short interest. ATHN’s total short interest was 1.27M shares in November as published by FINRA. Its down 14.72% from 1.49 million shares, reported previously. With 446,000 shares average volume, it will take short sellers 3 days to cover their ATHN’s short positions.

The stock decreased 3.63% or $4.53 during the last trading session, reaching $120.35. About 857,121 shares traded or 49.38% up from the average. athenahealth, Inc. (NASDAQ:ATHN) has risen 10.27% since November 10, 2017 and is uptrending. It has underperformed by 5.35% the S&P500.

athenahealth, Inc., together with its subsidiaries, provides network medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. The company has market cap of $4.87 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. It has a 44.02 P/E ratio. 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.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Coverage

Among 10 analysts covering Athenahealth (NASDAQ:ATHN), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Athenahealth had 13 analyst reports since May 14, 2018 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald on Monday, May 14 with “Hold”. Oppenheimer maintained athenahealth, Inc. (NASDAQ:ATHN) on Tuesday, June 12 with “Outperform” rating. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, July 31 report. The company was maintained on Wednesday, June 6 by PiperJaffray. Citigroup maintained it with “Hold” rating and $16000 target in Wednesday, June 6 report. The firm has “Outperform” rating by Oppenheimer given on Tuesday, June 19. The firm earned “Hold” rating on Wednesday, June 6 by Cantor Fitzgerald. Leerink Swann maintained it with “Market Perform” rating and $160 target in Thursday, June 7 report. Deutsche Bank maintained athenahealth, Inc. (NASDAQ:ATHN) on Tuesday, May 22 with “Hold” rating. The firm earned “Hold” rating on Tuesday, May 15 by Berenberg.

More notable recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Globenewswire.com which released: “athenahealth Reports Third Quarter Fiscal Year 2018 Results” on November 09, 2018, also Seekingalpha.com with their article: “Athenahealth Q3 top line up 9%; earnings up 65%” published on November 09, 2018, Seekingalpha.com published: “Athenahealth receives bids, shares up 3%” on October 26, 2018. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) were released by: Benzinga.com and their article: “Earnings Scheduled For November 9, 2018” published on November 09, 2018 as well as Bizjournals.com‘s news article titled: “Reports: Watertown’s athenahealth in talks to be acquired by Veritas, Elliott” with publication date: October 31, 2018.

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