Will Evolent Health Inc Go Down Anytime Soon? Option Trader Believe So

 Will Evolent Health Inc Go Down Anytime Soon? Option Trader Believe So

In today’s session Evolent Health Inc (EVH) recorded an unusually high (405) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious EVH decrease. With 405 contracts traded and 344 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: EVH161216P00020000 closed last at: $3.8 or 55.1% up. About 966,008 shares traded hands or 97.03% up from the average. Evolent Health Inc (NYSE:EVH) has risen 54.95% since April 13, 2016 and is uptrending. It has outperformed by 51.03% the S&P500.

Evolent Health Inc (NYSE:EVH) Ratings Coverage

Out of 6 analysts covering Evolent Health (NYSE:EVH), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Evolent Health has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. JP Morgan maintained the shares of EVH in a report on Monday, March 14 with “Overweight” rating. The stock has “Buy” rating given by Jefferies on Tuesday, July 26. On Tuesday, March 29 the stock rating was initiated by FBR Capital with “Outperform”. FBR Capital maintained Evolent Health Inc (NYSE:EVH) on Friday, August 5 with “Outperform” rating. The rating was initiated by Canaccord Genuity with “Buy” on Wednesday, January 6. The stock has “Overweight” rating given by JP Morgan on Friday, October 28.

According to Zacks Investment Research, “Evolent Health, Inc. is involved in the healthcare delivery and payment markets. The company provides technology-enabled services platform for providers to transition their organization in value-based payment models. Evolent Health, Inc. is based in Arlington, Virginia.”

Evolent Health, Inc. supports integrated health systems in their migration towards value care and population health management. The company has a market cap of $1.15 billion. The Company’s services include providing clients with a population management platform, integrated data and analytics capabilities, pharmacy benefit management services and health plan administration services. It currently has negative earnings. Together these services enable health systems to manage patients’ health.

EVH Company Profile

Evolent Health, Inc., incorporated December 12, 2014, supports integrated health systems in their migration towards value care and population health management. The Company’s services include providing clients with a population management platform, integrated data and analytics capabilities, pharmacy benefit management (PBM) services and health plan administration services. Together these services enable health systems to manage patients’ health.

More notable recent Evolent Health Inc (NYSE:EVH) news were published by: Prnewswire.com which released: “Evolent Health Announces Third Quarter 2016 Results” on November 09, 2016, also Bizjournals.com with their article: “Evolent Health completes acquisition of Chicago-based health care IT company …” published on October 04, 2016, Bizjournals.com published: “Arlington health firm CEO explains why he’s not (too) worried about Affordable …” on November 14, 2016. More interesting news about Evolent Health Inc (NYSE:EVH) were released by: Prnewswire.com and their article: “Evolent Health, Inc. Announces Pricing of Upsized Secondary Public Offering of …” published on September 09, 2016 as well as Prnewswire.com‘s news article titled: “Evolent Health, Inc. to Release Third Quarter Operating Results and Host …” with publication date: October 06, 2016.

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