Evolent Health Inc (EVH) Stock Rating Lowered by Goldman Sachs Group Inc

Goldman Sachs Group Inc cut shares of Evolent Health Inc (NYSE:EVH) from a conviction-buy rating to a buy rating in a report released on Tuesday, November 7th, The Fly reports.

Several other equities research analysts have also issued reports on the stock. SunTrust Banks, Inc. reiterated a buy rating and issued a $30.00 price target on shares of Evolent Health in a research note on Friday, November 3rd. Jefferies Group LLC reiterated a buy rating and issued a $28.00 price target on shares of Evolent Health in a research note on Wednesday, September 6th. Cantor Fitzgerald reiterated a buy rating and issued a $30.00 price target on shares of Evolent Health in a research note on Thursday, November 2nd. BidaskClub lowered shares of Evolent Health from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Evolent Health from a sell rating to a hold rating in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $28.00.

Shares of Evolent Health (NYSE:EVH) opened at $12.05 on Tuesday. Evolent Health has a twelve month low of $10.30 and a twelve month high of $27.50. The company has a current ratio of 3.34, a quick ratio of 3.34 and a debt-to-equity ratio of 0.11.

Evolent Health (NYSE:EVH) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. Evolent Health had a negative net margin of 15.86% and a negative return on equity of 5.05%. The business had revenue of $107.90 million for the quarter, compared to analyst estimates of $104.49 million. During the same period last year, the business posted ($0.26) earnings per share. The firm’s quarterly revenue was up 79.2% on a year-over-year basis. equities analysts expect that Evolent Health will post -0.57 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC bought a new stake in Evolent Health in the 2nd quarter valued at about $102,000. BNP Paribas Arbitrage SA boosted its holdings in Evolent Health by 815.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,751 shares of the technology company’s stock valued at $120,000 after purchasing an additional 4,232 shares during the period. First Mercantile Trust Co. bought a new stake in Evolent Health in the 2nd quarter valued at about $198,000. Royal Bank of Canada boosted its holdings in Evolent Health by 1,197.8% in the 2nd quarter. Royal Bank of Canada now owns 8,293 shares of the technology company’s stock valued at $210,000 after purchasing an additional 7,654 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Evolent Health in the 3rd quarter valued at about $156,000. 98.53% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Evolent Health (NYSE:EVH)

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