The stock of Everyday Health Inc (NYSE:EVDY) hit a new 52-week high and has $29.55 target or 182.00% above today’s $10.48 share price. The 9 months bullish chart indicates low risk for the $353.91 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $29.55 price target is reached, the company will be worth $644.12 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 145,206 shares traded hands. Everyday Health Inc (NYSE:EVDY) has risen 79.86% since April 15, 2016 and is uptrending. It has outperformed by 75.24% the S&P500.
Everyday Health Inc (NYSE:EVDY) Ratings Coverage
Out of 7 analysts covering Everyday Health (NYSE:EVDY), 1 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 14% are positive. Everyday Health has been the topic of 12 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the stock to “Neutral” rating in Monday, October 24 report. As per Wednesday, November 4, the company rating was upgraded by Stifel Nicolaus. The rating was initiated by Cowen & Co with “Outperform” on Wednesday, September 16. Credit Suisse maintained the shares of EVDY in a report on Wednesday, August 12 with “Outperform” rating. Suntrust Robinson downgraded Everyday Health Inc (NYSE:EVDY) on Monday, October 24 to “Hold” rating. Leerink Swann downgraded the stock to “Mkt Perform” rating in Monday, October 24 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, November 11. The firm has “Hold” rating given on Monday, October 24 by SunTrust. The firm earned “Hold” rating on Thursday, January 7 by Stifel Nicolaus.
According to Zacks Investment Research, “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.”
More important recent Everyday Health Inc (NYSE:EVDY) news were published by: Reuters.com which released: “Exclusive: Digital media company Everyday Health explores sale – sources” on October 20, 2016, also Streetinsider.com published article titled: “Form 4 Everyday Health, Inc. For: Nov 15 Filed by: SHAPIRO ALAN”, Businesswire.com published: “j2 Global, Inc.’s Ziff Davis Announces Agreement to Acquire Everyday Health” on October 21, 2016. More interesting news about Everyday Health Inc (NYSE:EVDY) was released by: Prnewswire.com and their article: “Everyday Health to Host Analyst and Investor Day on September 15, 2016” with publication date: September 08, 2016.
EVDY Company Profile
Everyday Health, Inc., formerly Waterfront Media Inc., incorporated on January 31, 2002, operates a digital marketing and communications platform for healthcare marketers that want to engage with clients 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. The Firm draws engaged audience of clients and healthcare professionals to its health content across multiple channels, including the Web, mobile devices, video and social media, and utilizes its data and analytics to deliver personalized user experiences. The combination of its audience, content and data assets also creates a health engagement platform that it monetizes through marketing and engagement solutions that address the varied business needs of constituencies across the health and wellness landscape.
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