Zacks Investment Research Upgrades Everyday Health Inc. (EVDY) to “Strong-Buy”
Everyday Health Inc. (NYSE:EVDY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $12.00 price target on the stock. Zacks Investment Research’s price target points to a potential upside of 14.29% from the company’s current price.
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 recently issued reports on EVDY. Leerink Swann set a $11.00 price target on shares of Everyday Health and gave the company a “hold” rating in a research report on Tuesday, November 8th. Credit Suisse Group AG cut shares of Everyday Health from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $10.50 in a research report on Monday, October 24th. TheStreet cut shares of Everyday Health from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. Citigroup Inc. cut shares of Everyday Health from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.00 to $10.50 in a research report on Friday, October 21st. Finally, SunTrust Banks Inc. cut shares of Everyday Health from a “buy” rating to a “hold” rating and decreased their price target for the company from $12.00 to $10.50 in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.90.
Everyday Health (NYSE:EVDY) traded down 0.238% during midday trading on Monday, reaching $10.475. 28,778 shares of the company traded hands. The stock’s market capitalization is $315.20 million. Everyday Health has a 12-month low of $3.71 and a 12-month high of $10.50. The company has a 50 day moving average of $9.13 and a 200-day moving average of $7.79.
In other news, EVP Brian Cooper sold 123,983 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $10.45, for a total transaction of $1,295,622.35. Following the completion of the sale, the executive vice president now directly owns 212,209 shares in the company, valued at $2,217,584.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 19.80% of the company’s stock.
A number of large investors have recently bought and sold shares of EVDY. JPMorgan Chase & Co. bought a new stake in Everyday Health during the first quarter worth approximately $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 last quarter. Teachers Advisors Inc. raised its position 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 position in Everyday Health during the second quarter worth $1,267,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Everyday Health during the first quarter worth $894,000. Institutional investors and hedge funds own 65.81% 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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