Deutsche Bank Downgrades athenahealth Inc to Hold

Brokerage firm Deutsche Bank Downgrades its rating on athenahealth Inc(NASDAQ:ATHN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Jul 22, 2016.

athenahealth Inc (ATHN) made into the market gainers list on Thursdays trading session with the shares advancing 0.39% or 0.5 points. Due to strong positive momentum, the stock ended at $128.88, which is also near the day’s high of $130.23. The stock began the session at $128.65 and the volume stood at 3,24,788 shares. The 52-week high of the shares is $170.42 and the 52 week low is $114.59. The company has a current market capitalization of $5,071 M and it has 3,93,43,485 shares in outstanding.

athenahealth Inc(ATHN) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $261.94M. Analysts had an estimated revenue of $273.63M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Jul 7, 2016, Ed Park (EVP and COO) sold 1,500 shares at $136.93 per share price.Also, On Jul 5, 2016, Jonathan Bush (CEO and President) sold 4,000 shares at $138.47 per share price.On Jul 5, 2016, Brandon H Hull (director) sold 800 shares at $137.48 per share price, according to the Form-4 filing with the securities and exchange commission.

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

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