Everyday Health Inc. (NYSE:EVDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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 several other research reports. Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a research note on Friday, June 24th. TheStreet lowered shares of Everyday Health from a “hold” rating to a “sell” rating in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Everyday Health presently has a consensus rating of “Hold” and an average target price of $11.67.
Shares of Everyday Health (NYSE:EVDY) opened at 8.15 on Friday. The firm has a 50-day moving average of $7.77 and a 200-day moving average of $7.20. The firm’s market cap is $245.24 million. Everyday Health has a 52 week low of $3.71 and a 52 week high of $10.59.
Everyday Health (NYSE:EVDY) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the 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 firm earned $57.65 million during the quarter, compared to analyst estimates of $57.51 million. During the same quarter last year, the business earned $0.27 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that Everyday Health will post $0.48 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its position in Everyday Health by 17.8% in the second quarter. Parametric Portfolio Associates LLC now owns 21,348 shares of the company’s stock worth $168,000 after buying an additional 3,232 shares in the last quarter. American International Group Inc. increased its position in Everyday Health by 28.9% in the second quarter. American International Group Inc. now owns 16,304 shares of the company’s stock worth $128,000 after buying an additional 3,659 shares in the last quarter. Rhumbline Advisers increased its position in Everyday Health by 20.0% in the second quarter. Rhumbline Advisers now owns 25,577 shares of the company’s stock worth $202,000 after buying an additional 4,260 shares in the last quarter. Anderson Hoagland & Co. increased its position in Everyday Health by 4.0% in the second quarter. Anderson Hoagland & Co. now owns 141,672 shares of the company’s stock worth $1,116,000 after buying an additional 5,460 shares in the last quarter. Finally, A.R.T. Advisors LLC increased its position in Everyday Health by 13.6% in the first quarter. A.R.T. Advisors LLC now owns 87,623 shares of the company’s stock worth $490,000 after buying an additional 10,500 shares in the last quarter. Institutional investors and hedge funds own 65.23% 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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