athenahealth, Inc Has Another Very Positive Options Trading Session

 athenahealth, Inc Has Another Very Positive Options Trading Session

In today’s session athenahealth, Inc (ATHN) registered an unusually high (314) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ATHN increase. With 314 contracts traded and 1094 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ATHN161118C00140000 closed last at: $2.65 or 8.2% up. About 63,202 shares traded hands. athenahealth, Inc (NASDAQ:ATHN) has declined 6.07% since March 8, 2016 and is downtrending. It has underperformed by 15.39% the S&P500.

Analysts await athenahealth, Inc (NASDAQ:ATHN) to report earnings on October, 27. They expect $0.21 EPS, up 90.91% or $0.10 from last year’s $0.11 per share. ATHN’s profit will be $8.53M for 151.60 P/E if the $0.21 EPS becomes a reality. After $0.06 actual EPS reported by athenahealth, Inc for the previous quarter, Wall Street now forecasts 250.00% EPS growth.

athenahealth, Inc (NASDAQ:ATHN) Ratings Coverage

Out of 14 analysts covering athenaHealth (NASDAQ:ATHN), 6 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 43% are positive. $190 is the highest target while $105 is the lowest. The $156.91 average target is 23.22% above today’s ($127.34) stock price. athenaHealth has been the topic of 20 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Monday, October 26 by Leerink Swann. As per Tuesday, November 17, the company rating was initiated by JP Morgan. FBR Capital maintained athenahealth, Inc (NASDAQ:ATHN) on Friday, July 22 with “Mkt Perform” rating. The stock of athenahealth, Inc (NASDAQ:ATHN) has “Buy” rating given on Monday, July 27 by Topeka Capital Markets. The stock has “Outperform” rating given by Oppenheimer on Monday, October 26. The rating was maintained by RBC Capital Markets on Monday, October 26 with “Underperform”. The stock of athenahealth, Inc (NASDAQ:ATHN) earned “Buy” rating by Stifel Nicolaus on Monday, October 26. Barclays Capital downgraded athenahealth, Inc (NASDAQ:ATHN) rating on Tuesday, November 17. Barclays Capital has “Underweight” rating and $110 price target. Avondale initiated the stock with “Market Perform” rating in Wednesday, October 21 report. The stock of athenahealth, Inc (NASDAQ:ATHN) has “Buy” rating given on Monday, February 8 by Topeka Capital Markets.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.16, from 1.09 in 2016Q1. The ratio fall, as 26 funds sold all athenahealth, Inc shares owned while 79 reduced positions. 20 funds bought stakes while 78 increased positions. They now own 46.40 million shares or 1.43% less from 47.07 million shares in 2016Q1.
Art Limited Liability Corporation accumulated 2,763 shares or 0.02% of the stock. Goldman Sachs Grp Inc last reported 42,131 shares in the company. Brown Advisory owns 27,995 shares or 0.01% of their US portfolio. Neuberger Berman Gru Limited Liability Co has invested 0% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). Commonwealth Equity Svcs, a Massachusetts-based fund reported 3,140 shares. Bluemountain Mgmt Limited Liability Corporation has 0.01% invested in the company for 1,635 shares. Franklin Resource Incorporated holds 0.04% of its portfolio in athenahealth, Inc (NASDAQ:ATHN) for 532,703 shares. Ledyard Comml Bank reported 38 shares or 0% of all its holdings. Checchi Capital Advisers Llc, a California-based fund reported 280 shares. Tortoise Invest Ltd, a New York-based fund reported 400 shares. Raymond James Fincl Svcs Advsr Inc accumulated 1,925 shares or 0% of the stock. Alliancebernstein Ltd Partnership accumulated 0% or 40,821 shares. Sei accumulated 0.07% or 88,280 shares. Mcf Advsr Ltd holds 0% or 20 shares in its portfolio. Adirondack Communication has invested 0.04% of its portfolio in athenahealth, Inc (NASDAQ:ATHN).

Insider Transactions: Since April 25, 2016, the stock had 0 insider buys, and 22 sales for $6.58 million net activity. $114,478 worth of athenahealth, Inc (NASDAQ:ATHN) was sold by Stubelis Karl on Saturday, September 3. Bush Jonathan had sold 4,000 shares worth $489,256. The insider Park Ed sold 1,500 shares worth $188,736. Haley Daniel P sold $262,423 worth of stock. $104,000 worth of athenahealth, Inc (NASDAQ:ATHN) was sold by Hull Brandon H. 2,875 shares were sold by KANE JOHN A, worth $370,329. The insider Matus Kristi Ann sold $55,307.

athenahealth, Inc. is a provider of cloud services and mobile applications for medical groups and health systems. The company has a market cap of $5.17 billion. The Firm delivers cloud services for revenue cycle management and medical billing, electronic health records , patient engagement, care coordination, order transmission, population health management, and clinical decision support. It has a 473.37 P/E ratio. Through these services, the Company connects healthcare information and processes, and drives results for approximately 75,000 healthcare providers.

ATHN Company Profile

athenahealth, Inc., incorporated on August 21, 1997, is a well-known provider of cloud services and mobile applications for medical groups and health systems. The Firm delivers cloud services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support. Through these services, the Company connects healthcare information and processes, and drives results for approximately 75,000 healthcare providers. The Firm has developed various cloud services. The Company’s services include athenaCollector for revenue cycle and practice management; athenaClinicals for electronic health records; athenaCommunicator for patient engagement; athenaCoordinator for order transmission; athenaCoordinator Enterprise for patient access, care coordination, and order transmission; athenaCommunicator Enterprise for population health management, and Epocrates for clinical decision support.

More notable recent athenahealth, Inc (NASDAQ:ATHN) news were published by: Schaeffersresearch.com which released: “Analyst Update: athenahealth, Inc, Insys Therapeutics Inc, and Diana Shipping Inc.” on October 10, 2016, also Fool.com with their article: “Q2 Provider Gains Make Athenahealth Inc. Optimistic About Rest of the Year” published on July 22, 2016, Globenewswire.com published: “athenahealth, Inc. Announces Third Quarter 2016 Earnings Conference Call” on September 07, 2016. More interesting news about athenahealth, Inc (NASDAQ:ATHN) were released by: Fool.com and their article: “Athenahealth, Inc.’s Physician Network Growth Propels Solid Q1 Revenue Gains” published on April 29, 2016 as well as Bizjournals.com‘s news article titled: “Athenahealth acquires second company from accelerator program” with publication date: August 29, 2016.

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