Everyday Health Inc. (EVDY) Downgraded by Zacks Investment Research
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. “
A number of other research firms have also weighed in on EVDY. TheStreet upgraded Everyday Health from a sell rating to a hold rating in a research note on Thursday, June 16th. Leerink Swann reiterated an outperform rating on shares of Everyday Health in a research note on Friday, June 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $11.58.
Everyday Health (NYSE:EVDY) traded up 0.85% during mid-day trading on Tuesday, reaching $8.30. The company had a trading volume of 1,072 shares. Everyday Health has a 52 week low of $3.71 and a 52 week high of $10.59. The stock’s 50-day moving average price is $7.64 and its 200 day moving average price is $7.05. The firm’s market capitalization is $249.76 million.
Everyday Health (NYSE:EVDY) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The business earned $57.65 million during the quarter, compared to analyst estimates 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 was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. On average, equities research analysts predict that Everyday Health will post $0.48 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. acquired a new position in shares of Everyday Health during the second quarter valued at $102,000. American International Group Inc. raised 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 valued at $128,000 after buying an additional 3,659 shares during the period. Martingale Asset Management L P purchased a new stake in Everyday Health during the second quarter valued at approximately $157,000. Menta Capital LLC raised its stake in Everyday Health by 114.9% in the first quarter. Menta Capital LLC now owns 29,718 shares of the company’s stock valued at $166,000 after buying an additional 15,892 shares during the period. Finally, Parametric Portfolio Associates LLC raised 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 valued at $168,000 after buying an additional 3,232 shares during the period. Hedge funds and other institutional investors 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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