Evolent Health Inc (NYSE:EVH) has been given an average recommendation of “Buy” by the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.78.
Several brokerages recently weighed in on EVH. Zacks Investment Research upgraded Evolent Health from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. SunTrust Banks restated a “buy” rating and issued a $30.00 price target on shares of Evolent Health in a research note on Wednesday, September 20th. Citigroup began coverage on Evolent Health in a research note on Thursday. They issued a “buy” rating for the company. Robert W. Baird restated an “outperform” rating and issued a $25.00 price target (down previously from $35.00) on shares of Evolent Health in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Finally, Canaccord Genuity restated a “buy” rating and issued a $32.00 price target on shares of Evolent Health in a research note on Friday, October 6th.
Evolent Health (EVH) traded down $0.30 during midday trading on Tuesday, hitting $12.95. The company’s stock had a trading volume of 637,673 shares, compared to its average volume of 1,530,000. The stock has a market cap of $1,000.00 and a price-to-earnings ratio of -11.36. Evolent Health has a twelve month low of $10.30 and a twelve month high of $27.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.34 and a quick ratio of 3.34.
Evolent Health (NYSE:EVH) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. Evolent Health had a negative return on equity of 5.05% and a negative net margin of 15.86%. The business had revenue of $107.90 million during the quarter, compared to analyst estimates of $104.49 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue was up 79.2% on a year-over-year basis. sell-side analysts expect that Evolent Health will post -0.57 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Evolent Health by 7.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,438,126 shares of the technology company’s stock worth $137,857,000 after buying an additional 379,185 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Evolent Health during the 2nd quarter worth approximately $425,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Evolent Health during the 3rd quarter worth approximately $14,258,000. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Evolent Health by 6.9% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 387,000 shares of the technology company’s stock worth $9,810,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of Evolent Health by 393.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 250,000 shares of the technology company’s stock worth $4,450,000 after purchasing an additional 199,300 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.
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Evolent Health Company Profile
Evolent Health, Inc is engaged in healthcare delivery and payment. The Company supports health systems and physician organizations in their migration toward value-based care and population health management. The Company provides an end-to-end, technology-enabled services platform for providers. The Company’s platform, powered by its technology, processes and integrated services, enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to payment models that reward value-based payment models.
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