Zacks Investment Research upgraded shares of Everyday Health Inc. (NYSE:EVDY) from a hold rating to a buy rating in a report issued on Thursday. Zacks Investment Research currently has $9.00 price target on the stock.
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. “
Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Everyday Health from a sell rating to a hold rating in a research report on Thursday, June 16th. Leerink Swann reiterated an outperform rating on shares of Everyday Health in a research report on Friday, June 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $11.67.
Everyday Health (NYSE:EVDY) opened at 8.15 on Thursday. Everyday Health has a 52 week low of $3.71 and a 52 week high of $10.59. The company has a 50 day moving average of $7.77 and a 200 day moving average of $7.20. The company’s market capitalization is $245.24 million.
Everyday Health (NYSE:EVDY) last posted 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. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The business had revenue of $57.65 million for the quarter, compared to analysts’ expectations of $57.51 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Everyday Health will post $0.48 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of EVDY. Schwab Charles Investment Management Inc. raised its stake in Everyday Health by 29.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 77,877 shares of the company’s stock worth $614,000 after buying an additional 17,834 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Everyday Health during the second quarter worth $172,000. Teachers Retirement System of The State of Kentucky raised its stake in Everyday Health by 77.0% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 93,678 shares of the company’s stock worth $738,000 after buying an additional 40,760 shares during the period. Weiss Multi Strategy Advisers LLC raised its stake in Everyday Health by 86.1% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 29,400 shares of the company’s stock worth $232,000 after buying an additional 13,600 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in Everyday Health during the second quarter worth $102,000. 65.23% of the stock is owned by hedge funds and other institutional investors.
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.