JPMorgan Chase & Co. cut its stake in shares of Everyday Health Inc. (NYSE:EVDY) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 951,913 shares of the company’s stock after selling 3,068 shares during the period. JPMorgan Chase & Co. owned 3.16% of Everyday Health worth $7,501,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in EVDY. Teachers Advisors Inc. raised its stake in Everyday Health by 12.0% in the first quarter. Teachers Advisors Inc. now owns 649,088 shares of the company’s stock valued at $3,635,000 after buying an additional 69,613 shares during the last quarter. Spark Investment Management LLC raised its stake in Everyday Health by 30.5% in the first quarter. Spark Investment Management LLC now owns 319,500 shares of the company’s stock valued at $1,789,000 after buying an additional 74,700 shares during the last quarter. State Street Corp raised its stake in Everyday Health by 12.9% in the first quarter. State Street Corp now owns 270,819 shares of the company’s stock valued at $1,517,000 after buying an additional 30,916 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Everyday Health during the second quarter valued at about $1,267,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Everyday Health during the first quarter valued at about $894,000. 65.22% of the stock is owned by institutional investors and hedge funds.
Everyday Health Inc. (NYSE:EVDY) traded down 0.97% on Friday, hitting $8.15. 105,088 shares of the stock traded hands. The stock’s market cap is $245.24 million. The firm’s 50 day moving average is $7.66 and its 200 day moving average is $7.07. Everyday Health Inc. has a 52 week low of $3.71 and a 52 week high of $10.59.
Everyday Health (NYSE:EVDY) last announced its earnings results on Thursday, August 4th. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ 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 earned $57.65 million during the quarter, compared to analysts’ expectations of $57.51 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Everyday Health Inc. will post $0.48 earnings per share for the current year.
EVDY has been the subject of several analyst reports. TheStreet raised shares of Everyday Health from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. Zacks Investment Research downgraded shares of Everyday Health from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a report on Friday, June 24th. One equities 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’s stock. The company has an average 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.