Everyday Health Inc. (NYSE:EVDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.
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. “
EVDY has been the subject of a number of other reports. TheStreet upgraded Everyday Health from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. Leerink Swann reissued an “outperform” rating on shares of Everyday Health in a research note on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Everyday Health has a consensus rating of “Hold” and a consensus target price of $11.67.
Everyday Health (NYSE:EVDY) traded down 1.23% during midday trading on Friday, reaching $8.00. The company had a trading volume of 210,137 shares. The firm’s market capitalization is $240.73 million. Everyday Health has a 12-month low of $3.71 and a 12-month high of $10.59. The stock’s 50 day moving average is $7.73 and its 200 day moving average is $7.13.
Everyday Health (NYSE:EVDY) last issued its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The business earned $57.65 million during 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 firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Equities research analysts expect that Everyday Health will post $0.48 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in EVDY. JPMorgan Chase & Co. bought a new position in shares of Everyday Health during the first quarter valued at about $5,348,000. BlackRock Fund Advisors boosted its position in shares of Everyday Health by 31.5% in the second quarter. BlackRock Fund Advisors now owns 731,112 shares of the company’s stock valued at $5,761,000 after buying an additional 175,119 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of Everyday Health by 25.8% in the second quarter. Teachers Advisors Inc. now owns 816,702 shares of the company’s stock valued at $6,436,000 after buying an additional 167,614 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Everyday Health during the second quarter valued at about $1,267,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Everyday Health during the first quarter valued at about $894,000. 65.22% of the stock is currently owned by institutional investors.
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.