Notable Reporting: Everyday Health Inc Stock Price Hits 52-Week High Today

Notable Reporting: Everyday Health Inc Stock Price Hits 52 Week High Today

The stock of Everyday Health Inc (NYSE:EVDY) hit a new 52-week high and has $11.34 target or 8.00% above today’s $10.50 share price. The 9 months bullish chart indicates low risk for the $356.45M company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $11.34 price target is reached, the company will be worth $28.52M 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. The stock last traded at $10.5 per share. It is down 82.61% since April 20, 2016 and is uptrending. It has outperformed by 78.05% 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. $26 is the highest target while $10 is the lowest. The $15.60 average target is 48.57% above today’s ($10.5) stock price. Everyday Health has been the topic of 12 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded Everyday Health Inc (NYSE:EVDY) on Monday, October 24 to “Neutral” rating. The rating was maintained by Stifel Nicolaus on Wednesday, November 11 with “Buy”. Leerink Swann downgraded the stock to “Mkt Perform” rating in Monday, October 24 report. The stock of Everyday Health Inc (NYSE:EVDY) earned “Hold” rating by SunTrust on Monday, October 24. Stifel Nicolaus downgraded the shares of EVDY in a report on Thursday, January 7 to “Hold” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, November 4 report. The rating was downgraded by Suntrust Robinson to “Hold” on Monday, October 24. The stock of Everyday Health Inc (NYSE:EVDY) earned “Outperform” rating by Credit Suisse on Wednesday, August 12. The firm earned “Outperform” rating on Wednesday, September 16 by Cowen & Co.

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 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 Businesswire.com published the news titled: “j2 Global, Inc.’s Ziff Davis Announces Agreement to Acquire Everyday Health” on October 21, 2016. Finance.Yahoo.com‘s news article titled: “Robbins Arroyo LLP: Acquisition of Everyday Health, Inc. (EVDY) by j2 Global …” with publication date: October 24, 2016 was also an interesting one.

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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