Emerald Acquisition Ltd. Acquires New Position in Everyday Health Inc. (EVDY)
Emerald Acquisition Ltd. acquired a new position in Everyday Health Inc. (NYSE:EVDY) during the second quarter, Holdings Channel reports. The firm acquired 160,778 shares of the company’s stock, valued at approximately $1,267,000. Emerald Acquisition Ltd. owned 0.53% of Everyday Health at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of EVDY. Bank of Montreal Can purchased a new position in shares of Everyday Health during the second quarter worth about $191,000. Menta Capital LLC increased its stake in shares of Everyday Health by 114.9% in the first quarter. Menta Capital LLC now owns 29,718 shares of the company’s stock worth $166,000 after buying an additional 15,892 shares during the period. California State Teachers Retirement System increased its stake in shares of Everyday Health by 30.0% in the second quarter. California State Teachers Retirement System now owns 59,391 shares of the company’s stock worth $468,000 after buying an additional 13,693 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Everyday Health during the first quarter worth approximately $363,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Everyday Health by 23.2% in the second quarter. Bank of New York Mellon Corp now owns 87,331 shares of the company’s stock worth $688,000 after buying an additional 16,430 shares during the period. 65.22% of the stock is owned by institutional investors and hedge funds.
Everyday Health Inc. (NYSE:EVDY) traded down 1.58% during mid-day trading on Friday, hitting $8.10. The stock had a trading volume of 43,260 shares. The company’s market cap is $243.74 million. Everyday Health Inc. has a 1-year low of $3.71 and a 1-year high of $10.59. The company has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.05.
Everyday Health (NYSE:EVDY) last posted its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $57.65 million during the quarter, compared to analysts’ expectations of $57.51 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Everyday Health’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Everyday Health Inc. will post $0.48 EPS for the current fiscal year.
EVDY has been the subject of a number of recent research reports. Zacks Investment Research downgraded Everyday Health from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. TheStreet upgraded Everyday Health from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Finally, Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Everyday Health has a consensus rating of “Hold” and an average target price of $11.58.
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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