Citigroup Initiates Coverage on Everyday Health Inc to Buy

Citigroup Initiates Coverage on Everyday Health Inc(NYSE:EVDY). The shares have been rated Buy. The rating by Citigroup was issued on Apr 11, 2016.

Everyday Health Inc (EVDY) made into the market gainers list on Fridays trading session with the shares advancing 2.47% or 0.14 points. Due to strong positive momentum, the stock ended at $5.81, which is also near the day’s high of $5.84. The stock began the session at $5.67 and the volume stood at 1,10,087 shares. The 52-week high of the shares is $14.24 and the 52 week low is $3.71. The company has a current market capitalization of $191 M and it has 3,28,66,362 shares in outstanding.

Everyday Health Inc(EVDY) last announced its earnings results on Mar 1, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $81.70M. Analysts had an estimated revenue of $76.17M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Alan Shapiro (EXEC VP, GENERAL COUNSEL) sold 12,869 shares at $5.58 per share price.Also, On Mar 8, 2016, Toit Michael Du (PRESIDENT) sold 13,867 shares at $5.52 per share price.On Nov 17, 2015, Benjamin Wolin (CEO) purchased 1,650 shares at $6.08 per share price, according to the Form-4 filing with the securities and exchange commission.

Everyday Health Inc. is a provider of digital health and wellness solutions. The Company’s content portfolio and data and analytics provide marketers with a platform to promote their products and services. The Company’s technology platform serves healthcare payors providers and employers. The content offerings available on its operated properties include everyday health/healthy living content health condition and drug encyclopedia health news original video interactive slideshows and graphics expert and patient perspective health assessments health tools and community healthy recipes. The Everyday Health portfolio of properties consists of approximately 25 Websites 21 mobile applications and various social media destinations. Its portfolio includes brands such as Everyday Health MedPage Today What to Expect Jillian Michaels and The South Beach Diet and incorporates content from health authorities such as Dr. Sanjay Gupta.

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