Evolent Health Inc (EVH) was Initiated by Jefferies to “Buy”. Jefferies advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on Evolent Health Inc. Company shares were Reiterated by FBR Capital on Jul 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $16 .
On the company’s financial health, Evolent Health Inc reported $-0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 12, 2016. Analyst had a consensus of $-0.20. The company had revenue of $49.50 million for the quarter, compared to analysts expectations of $47.42 million. The company’s revenue was up 33.8% compared to the same quarter last year.
Evolent Health Inc opened for trading at $23.7 and hit $23.947 on the upside on Wednesday, eventually ending the session at $23.45, with a gain of 1.30% or 0.3 points. The heightened volatility saw the trading volume jump to 2,71,685 shares. Company has a market cap of $1,409 M.
In a different news, on Jun 10, 2015, Gary Piefer (Chief Medical Officer) purchased 2,000 shares at $17.00 per share price.
Evolent Health Inc. is engaged in the healthcare delivery and payment markets. The Company’s platform enables providers to migrate their economic orientation from fee-for-service (FFS) reimbursement to value-based payment models. It provides an end-to-end technology-enabled services platform for providers to transition their organization in value-based payment models. It markets and sells services to providers throughout the United States. The Company works with its partners in two phases. In the transformation phase it works with its partners to develop a plan for their transition to a value-based care model. During the second portion of the transformation phase the Company works with its partner to implement the Blueprint. During the transformation phase the Company seeks to enter into long-term agreements with its partners. In the platform and operations phase the Company establishes a local market presence and embeds its resources alongside the Company’s partners.