Essex Investment Management Co. LLC Takes Position in Everyday Health Inc. (EVDY)
Essex Investment Management Co. LLC bought a new stake in Everyday Health Inc. (NYSE:EVDY) during the second quarter, Holdings Channel reports. The fund bought 108,645 shares of the company’s stock, valued at approximately $856,000.
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in Everyday Health during the second quarter valued at about $191,000. Anderson Hoagland & Co. boosted its stake in Everyday Health by 4.0% in the second quarter. Anderson Hoagland & Co. now owns 141,672 shares of the company’s stock valued at $1,116,000 after buying an additional 5,460 shares during the period. A.R.T. Advisors LLC boosted its stake in Everyday Health by 13.6% in the first quarter. A.R.T. Advisors LLC now owns 87,623 shares of the company’s stock valued at $490,000 after buying an additional 10,500 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Everyday Health during the first quarter valued at $894,000. Finally, Renaissance Technologies LLC bought a new stake in Everyday Health during the first quarter valued at $363,000. Institutional investors and hedge funds own 65.22% of the company’s stock.
Shares of Everyday Health Inc. (NYSE:EVDY) traded up 2.43% during trading on Tuesday, reaching $8.02. 150,528 shares of the company were exchanged. Everyday Health Inc. has a 1-year low of $3.71 and a 1-year high of $10.59. The stock’s 50 day moving average is $7.59 and its 200 day moving average is $7.04. The company’s market capitalization is $241.33 million.
Everyday Health (NYSE:EVDY) last announced its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company earned $57.65 million during the quarter, compared to analyst estimates of $57.51 million. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. Equities analysts anticipate that Everyday Health Inc. will post $0.48 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Leerink Swann restated an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. Zacks Investment Research upgraded shares of Everyday Health from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a research report on Wednesday, August 24th. Finally, TheStreet cut shares of Everyday Health from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $11.58.
About Everyday Health
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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