Brokerages Set Evolent Health, Inc (NYSE:EVH) Target Price at $9.50

Evolent Health, Inc (NYSE:EVHGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $6.50.

A number of analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Evolent Health from $6.00 to $4.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada decreased their price objective on Evolent Health from $5.00 to $3.00 and set a “sector perform” rating on the stock in a report on Wednesday. Needham & Company LLC lowered their price objective on Evolent Health from $15.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday. UBS Group cut their target price on Evolent Health from $10.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Truist Financial reduced their target price on Evolent Health from $10.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday.

Check Out Our Latest Stock Analysis on EVH

Key Evolent Health News

Here are the key news stories impacting Evolent Health this week:

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EVH. Alpine Global Management LLC acquired a new stake in shares of Evolent Health during the fourth quarter valued at about $175,000. Aristides Capital LLC acquired a new position in shares of Evolent Health in the 4th quarter worth approximately $195,000. Virtu Financial LLC acquired a new position in shares of Evolent Health in the 4th quarter worth approximately $106,000. Invesco Ltd. boosted its position in shares of Evolent Health by 30.4% during the 4th quarter. Invesco Ltd. now owns 392,282 shares of the technology company’s stock worth $1,569,000 after purchasing an additional 91,370 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Evolent Health in the 4th quarter valued at approximately $109,000.

Evolent Health Stock Up 6.1%

NYSE EVH opened at $3.33 on Tuesday. The business’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $5.84. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.25. The firm has a market cap of $371.63 million, a PE ratio of -0.65 and a beta of 0.27. Evolent Health has a 52 week low of $2.50 and a 52 week high of $12.06.

Evolent Health (NYSE:EVHGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Evolent Health had a negative net margin of 28.49% and a positive return on equity of 1.30%. The firm had revenue of $468.72 million during the quarter, compared to analysts’ expectations of $468.48 million. During the same period last year, the business earned ($0.02) earnings per share. Evolent Health’s revenue was down 27.5% compared to the same quarter last year. As a group, equities analysts anticipate that Evolent Health will post 0.08 earnings per share for the current year.

About Evolent Health

(Get Free Report)

Evolent Health, Inc is a U.S.-based healthcare technology and services company that partners with health systems, physician organizations and health plans to design, build and operate value-based care programs. Headquartered in Arlington, Virginia, the company was founded in 2011 as a joint venture between TPG and the University of Pittsburgh Medical Center (UPMC). Evolent Health aims to help its clients transition from fee-for-service payment models to value-based care arrangements by leveraging its proprietary technology platforms and clinical expertise.

The company’s core offerings include care management solutions, population health analytics and clinical advisory services.

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Analyst Recommendations for Evolent Health (NYSE:EVH)

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