Evolent Health Inc (EVH) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.16. The company posted revenue of $56.50 million in the period, compared to analysts expectations of $51.99 million. The company’s revenue was up 443.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.95 EPS.
Many Wall Street Analysts have commented on Evolent Health Inc. Evolent Health Inc was Initiated by Jefferies to “Buy” on Jul 26, 2016. 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 .
Evolent Health Inc closed down -0.16 points or -0.68% at $23.53 with 4,23,324 shares getting traded on Tusday. Post opening the session at $23.66, the shares hit an intraday low of $23.52 and an intraday high of $23.87 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
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.