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 firm presently has a $9.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 11.11% from the company’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. “

Other equities analysts also recently issued reports about the company. TheStreet downgraded Everyday Health from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.67.

Analyst Recommendations for Everyday Health (NYSE:EVDY)

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/everyday-health-inc-evdy-upgraded-to-buy-at-zacks-investment-research.html

Everyday Health (NYSE:EVDY) traded up 1.25% during trading on Thursday, hitting $8.10. The stock had a trading volume of 157,722 shares. Everyday Health has a 52-week low of $3.71 and a 52-week high of $10.59. The firm’s market cap is $243.74 million. The company has a 50-day moving average of $7.71 and a 200 day moving average of $7.13.

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 Zacks’ consensus estimate of ($0.07) by $0.02. The firm had revenue of $57.65 million for the quarter, compared to the consensus estimate of $57.51 million. Everyday Health had a positive return on equity of 1.04% and a negative net margin of 12.19%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. On average, equities research analysts predict that Everyday Health will post $0.48 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Panagora Asset Management Inc. acquired a new stake in Everyday Health during the second quarter worth approximately $102,000. American International Group Inc. boosted its stake in Everyday Health by 28.9% in the second quarter. American International Group Inc. now owns 16,304 shares of the company’s stock worth $128,000 after buying an additional 3,659 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Everyday Health during the second quarter worth approximately $157,000. Parametric Portfolio Associates LLC boosted its stake in Everyday Health by 17.8% in the second quarter. Parametric Portfolio Associates LLC now owns 21,348 shares of the company’s stock worth $168,000 after buying an additional 3,232 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Everyday Health during the second quarter worth approximately $172,000. 65.22% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:EVDY

Get a free copy of the Zacks research report on Everyday Health (EVDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Everyday Health Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everyday Health Inc. and related companies with MarketBeat.com's FREE daily email newsletter.