Everyday Health Inc. (EVDY) Downgraded by Zacks Investment Research to “Hold”
Everyday Health Inc. (NYSE:EVDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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. “
A number of other equities analysts also recently weighed in on the company. TheStreet downgraded Everyday Health from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Leerink Swann reaffirmed an “outperform” rating on shares of Everyday Health in a research report on Friday, June 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Everyday Health currently has a consensus rating of “Hold” and an average price target of $11.67.
Shares of Everyday Health (NYSE:EVDY) traded down 1.23% during midday trading on Friday, hitting $8.00. 210,137 shares of the stock traded hands. The firm’s 50 day moving average price is $7.73 and its 200 day moving average price is $7.13. Everyday Health has a 12-month low of $3.71 and a 12-month high of $10.59. The company’s market capitalization is $240.73 million.
Everyday Health (NYSE:EVDY) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Everyday Health had a positive return on equity of 1.04% and a negative net margin of 12.19%. The firm earned $57.65 million during the quarter, compared to the consensus estimate of $57.51 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Analysts expect that Everyday Health will post $0.48 EPS for the current year.
Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Everyday Health during the first quarter worth about $5,348,000. BlackRock Fund Advisors boosted its stake in Everyday Health by 31.5% in the second quarter. BlackRock Fund Advisors now owns 731,112 shares of the company’s stock worth $5,761,000 after buying an additional 175,119 shares during the period. Teachers Advisors Inc. boosted its stake in Everyday Health by 25.8% in the second quarter. Teachers Advisors Inc. now owns 816,702 shares of the company’s stock worth $6,436,000 after buying an additional 167,614 shares during the period. Emerald Acquisition Ltd. acquired a new stake in Everyday Health during the second quarter worth $1,267,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Everyday Health during the first quarter worth $894,000. Institutional investors own 65.22% of the company’s stock.
About Everyday Health
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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