Everyday Health Inc. (EVDY) Downgraded to “Hold” at Zacks Investment Research
Everyday Health Inc. (NYSE:EVDY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released 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. “
Several other brokerages have also weighed in on EVDY. TheStreet upgraded shares of Everyday Health from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. Leerink Swann reiterated an “outperform” rating on shares of Everyday Health in a report on Friday, June 24th. One 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’s stock. Everyday Health has an average rating of “Hold” and an average target price of $11.58.
Shares of Everyday Health (NYSE:EVDY) traded up 2.43% on Tuesday, reaching $8.02. 150,528 shares of the company were exchanged. The stock’s market capitalization is $241.33 million. The company has a 50-day moving average price of $7.59 and a 200 day moving average price of $7.04. Everyday Health has a 1-year low of $3.71 and a 1-year high of $10.59.
Everyday Health (NYSE:EVDY) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. The business had revenue of $57.65 million for the quarter, compared to analyst estimates of $57.51 million. Everyday Health had a negative net margin of 12.19% and a positive return on equity of 1.04%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. On average, analysts forecast that Everyday Health will post $0.48 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. acquired a new stake in Everyday Health during the second quarter worth about $102,000. American International Group Inc. increased its stake in shares of Everyday Health by 28.9% in the second quarter. American International Group Inc. now owns 16,304 shares of the company’s stock valued at $128,000 after buying an additional 3,659 shares during the period. Martingale Asset Management L P purchased a new stake in shares of Everyday Health during the second quarter valued at about $157,000. Parametric Portfolio Associates LLC increased its stake in shares of Everyday Health by 17.8% in the second quarter. Parametric Portfolio Associates LLC now owns 21,348 shares of the company’s stock valued at $168,000 after buying an additional 3,232 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Everyday Health during the second quarter valued at about $172,000. 65.22% 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.
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