Everyday Health Inc. (EVDY) Rating Increased to Buy at Zacks Investment Research
Everyday Health Inc. (NYSE:EVDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $9.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 11.11% from the stock’s previous close.
According to Zacks, “Everyday Health, Inc. is a provider of digital health and wellness solutions. The Company’s portfolio of properties consists of websites, mobile applications, YouTube shows, social media destinations. Consumers use its content, interactive tools and mobile applications to manage a broad array of health and wellness needs on a daily basis, including weight loss, exercise, healthy pregnancy, diet and nutrition and medical conditions. It serves patients throughout the United States. Everyday Health, Inc. is headquartered in New York. “
Several other equities analysts have also issued reports on EVDY. Leerink Swann reaffirmed an “outperform” rating on shares of Everyday Health in a report on Friday, June 24th. TheStreet raised shares of Everyday Health from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Everyday Health currently has an average rating of “Hold” and an average target price of $11.67.
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Everyday Health (NYSE:EVDY) traded up 1.25% during midday trading on Thursday, hitting $8.10. The stock had a trading volume of 157,722 shares. The firm’s market capitalization is $243.74 million. The firm has a 50-day moving average of $7.71 and a 200 day moving average of $7.13. Everyday Health has a 52-week low of $3.71 and a 52-week high of $10.59.
Everyday Health (NYSE:EVDY) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The business had revenue of $57.65 million for the quarter, compared to analyst estimates of $57.51 million. During the same period in the previous year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Everyday Health will post $0.48 EPS for the current year.
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Everyday Health during the first quarter valued at approximately $5,348,000. Teachers Advisors Inc. increased its position in Everyday Health by 25.8% in the second quarter. Teachers Advisors Inc. now owns 816,702 shares of the company’s stock worth $6,436,000 after buying an additional 167,614 shares in the last quarter. Vanguard Group Inc. increased its position in Everyday Health by 6.2% in the second quarter. Vanguard Group Inc. now owns 754,232 shares of the company’s stock worth $5,944,000 after buying an additional 44,066 shares in the last quarter. BlackRock Fund Advisors increased its position in Everyday Health by 31.5% in the second quarter. BlackRock Fund Advisors now owns 731,112 shares of the company’s stock worth $5,761,000 after buying an additional 175,119 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Everyday Health by 44.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 510,469 shares of the company’s stock worth $4,022,000 after buying an additional 156,506 shares in the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.
Everyday Health Company Profile
Everyday Health, Inc, formerly Waterfront Media Inc, operates a digital marketing and communications platform for healthcare marketers that want to engage with consumers and healthcare professionals. The Company’s platform combines content from brands, data and analytics. The Company’s segment is providing digital health marketing and communications solutions.
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