Evolent Health, Inc (NYSE:EVH) CEO Sells $386,799.00 in Stock
Evolent Health, Inc (NYSE:EVH) CEO Frank J. Williams sold 16,300 shares of Evolent Health stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $23.73, for a total value of $386,799.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Frank J. Williams also recently made the following trade(s):
- On Thursday, July 6th, Frank J. Williams sold 16,300 shares of Evolent Health stock. The shares were sold at an average price of $24.76, for a total value of $403,588.00.
- On Friday, May 19th, Frank J. Williams sold 114,865 shares of Evolent Health stock. The stock was sold at an average price of $24.30, for a total value of $2,791,219.50.
Shares of Evolent Health, Inc (NYSE EVH) opened at 24.10 on Monday. The stock’s market cap is $1.39 billion. Evolent Health, Inc has a 1-year low of $14.50 and a 1-year high of $27.50. The company’s 50-day moving average price is $25.82 and its 200 day moving average price is $22.62.
Evolent Health (NYSE:EVH) last posted its earnings results on Tuesday, May 9th. The technology company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.11. Evolent Health had a negative net margin of 17.69% and a negative return on equity of 7.06%. The company had revenue of $106.80 million during the quarter, compared to analyst estimates of $104.38 million. During the same quarter last year, the business posted ($0.16) EPS. Evolent Health’s quarterly revenue was up 116.2% compared to the same quarter last year. Equities analysts forecast that Evolent Health, Inc will post ($0.41) EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of EVH. Swiss National Bank raised its stake in Evolent Health by 51.7% in the first quarter. Swiss National Bank now owns 61,000 shares of the technology company’s stock worth $1,360,000 after buying an additional 20,800 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Evolent Health during the fourth quarter worth $1,390,000. Fox Run Management L.L.C. acquired a new stake in shares of Evolent Health during the second quarter worth $363,000. US Bancorp DE raised its stake in shares of Evolent Health by 0.3% in the first quarter. US Bancorp DE now owns 5,654 shares of the technology company’s stock worth $126,000 after buying an additional 19 shares during the period. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Evolent Health during the first quarter worth $342,000. Institutional investors and hedge funds own 73.16% of the company’s stock.
A number of equities analysts have recently commented on the company. BidaskClub downgraded Evolent Health from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reissued an “outperform” rating and set a $35.00 price objective (up from $30.00) on shares of Evolent Health in a research report on Wednesday, June 14th. TheStreet raised Evolent Health from a “d” rating to a “c-” rating in a research report on Monday, May 22nd. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of Evolent Health in a research report on Thursday, April 13th. Finally, Leerink Swann reissued an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Evolent Health in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.10.
Evolent Health Company Profile
Evolent Health, Inc is engaged in healthcare delivery and payment. The Company supports health systems and physician organizations in their migration toward value-based care and population health management. The Company provides an end-to-end, technology-enabled services platform for providers. The Company’s platform, powered by its technology, processes and integrated services, enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to payment models that reward value-based payment models.
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