Everyday Health Inc. (NYSE:EVDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
A number of other research firms also recently issued reports on EVDY. TheStreet upgraded shares of Everyday Health from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Leerink Swann restated an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.58.
Everyday Health (NYSE:EVDY) opened at 8.15 on Tuesday. The stock’s 50 day moving average price is $7.61 and its 200-day moving average price is $7.04. Everyday Health has a 12 month low of $3.71 and a 12 month high of $10.59. The stock’s market cap is $245.24 million.
Everyday Health (NYSE:EVDY) last posted its earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company earned $57.65 million during the quarter, compared to the consensus estimate of $57.51 million. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Equities analysts expect that Everyday Health will post $0.48 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of EVDY. Parametric Portfolio Associates LLC boosted its stake 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. boosted its stake 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 boosted its stake 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. boosted its stake 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 boosted its stake 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 65.22% 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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