Everyday Health Trading 5.2% Higher on Better-Than-Expected Earnings (EVDY)
Everyday Health (NASDAQ:EVDY) traded up 5.2% on Monday following a better than expected earnings announcement, Analyst Ratings Net reports. The company traded as high as $17.44 and last traded at $17.08, with a volume of 156,881 shares trading hands. The stock had previously closed at $16.23.
The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $40.76 million.
A number of analysts have recently weighed in on EVDY shares. Analysts at Stifel Nicolaus raised their price target on shares of Everyday Health from $18.00 to $22.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Everyday Health in a research note on Friday, May 16th. They now have a $16.00 price target on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Everyday Health in a research note on Friday, May 16th. They now have a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Everyday Health has an average rating of “Buy” and a consensus price target of $19.80.
The stock’s 50-day moving average is $17.43 and its 200-day moving average is $16.07. The company’s market cap is $509.1 million.
Everyday Health, Inc is a provider of digital health and wellness solutions. The Company provides consumers and healthcare professionals with a multi-brand, multi-channel content experience that can be accessed anytime and anywhere a health-related decision is made.
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