Evolent Health, Inc. (NYSE:EVH) Given Average Rating of “Buy” by Analysts

Shares of Evolent Health, Inc. (NYSE:EVHGet Rating) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $40.29.

Several equities research analysts have recently commented on the company. Guggenheim assumed coverage on Evolent Health in a report on Tuesday, March 29th. They set a “buy” rating and a $43.00 target price for the company. Canaccord Genuity Group upped their target price on Evolent Health from $40.00 to $45.00 in a report on Monday, May 9th. Zacks Investment Research raised Evolent Health from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, May 4th. BTIG Research upped their target price on Evolent Health from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, March 25th. Finally, Piper Sandler reduced their target price on Evolent Health from $37.00 to $35.00 and set a “na” rating for the company in a report on Tuesday.

In related news, COO Steve Tutewohl sold 1,918 shares of the stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $27.30, for a total value of $52,361.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Vigilant Capital Management LLC acquired a new position in Evolent Health in the 1st quarter worth about $32,000. Manchester Capital Management LLC acquired a new position in Evolent Health in the 3rd quarter worth about $32,000. Nisa Investment Advisors LLC increased its position in Evolent Health by 67.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,250 shares of the technology company’s stock worth $73,000 after purchasing an additional 910 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Evolent Health in the 4th quarter worth about $72,000. Finally, O Shaughnessy Asset Management LLC increased its position in Evolent Health by 444.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 3,226 shares of the technology company’s stock worth $100,000 after purchasing an additional 2,634 shares during the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors.

EVH opened at $29.43 on Friday. Evolent Health has a one year low of $18.33 and a one year high of $34.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average is $29.58 and its 200-day moving average is $27.32. The company has a market capitalization of $2.70 billion, a PE ratio of -77.45 and a beta of 2.07.

Evolent Health (NYSE:EVHGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.20. Evolent Health had a negative return on equity of 0.86% and a negative net margin of 3.35%. The company had revenue of $297.10 million for the quarter, compared to the consensus estimate of $286.81 million. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities research analysts forecast that Evolent Health will post -0.21 EPS for the current fiscal year.

Evolent Health Company Profile (Get Rating)

Evolent Health, Inc, a healthcare company, through its subsidiary, Evolent Health LLC, provides clinical and administrative solutions to payers and providers in the United States. It operates in two segments, Evolent Health Services and Clinical Solutions. The Evolent Health Services segment provides an integrated administrative and clinical platform for health plan administration and population health management.

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