Auriga Reiterates a 'Hold' on athenahealth (ATHN); UH Deal is Nice, but Maybe Too Much Hullabaloo
Tweet
Share
E-mailGet Alerts ATHN Hot Sheet
Price: $9.59 --0%
Rating Summary:
6 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Auriga reiterates a 'Hold' on athenahealth (NASDAQ: ATHN), PT $45.
Auriga analyst says, "We are reiterating our HOLD rating on athenahealth on the heels of last week's contract expansion with University Hospitals (UH) and in advance of earnings on July 21. While the contract represents a nice enterprise win at a meaningful customer, we caution that some level of enterprise deals (in addition to cross-selling) will likely be a must-have, rather than a nice-to-have to maintain the company's 30% top-line growth targets. As such, we believe the stock's 11% move last week (if based on this one announcement), is overly enthusiastic, particularly considering the Company reports next week and our $0.17 estimate is $0.02 below consensus. Our preference is to wait for better opportunities to buy the name."
For more ratings news on athenahealth click here and for the rating history of athenahealth click here.
Shares of athenahealth closed at $46.93 yesterday.
Auriga analyst says, "We are reiterating our HOLD rating on athenahealth on the heels of last week's contract expansion with University Hospitals (UH) and in advance of earnings on July 21. While the contract represents a nice enterprise win at a meaningful customer, we caution that some level of enterprise deals (in addition to cross-selling) will likely be a must-have, rather than a nice-to-have to maintain the company's 30% top-line growth targets. As such, we believe the stock's 11% move last week (if based on this one announcement), is overly enthusiastic, particularly considering the Company reports next week and our $0.17 estimate is $0.02 below consensus. Our preference is to wait for better opportunities to buy the name."
For more ratings news on athenahealth click here and for the rating history of athenahealth click here.
Shares of athenahealth closed at $46.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Vivos Therapeutics posts 35% revenue gain but widens net loss
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Auriga, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
