Shares of Evolent Health, Inc (NYSE:EVH) were up 0.4% during mid-day trading on Tuesday . The company traded as high as $18.80 and last traded at $18.63. Approximately 1,671,080 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 1,693,200 shares. The stock had previously closed at $18.70.

A number of analysts have commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Evolent Health in a research report on Wednesday, September 6th. Leerink Swann reiterated an “outperform” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Evolent Health in a research report on Monday, June 19th. BidaskClub downgraded Evolent Health from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 price objective on shares of Evolent Health in a research report on Wednesday, September 20th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $35.00 price objective on shares of Evolent Health in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $28.73.

The company has a 50-day moving average of $17.34 and a 200-day moving average of $17.34. The company’s market capitalization is $1.22 billion.

Evolent Health (NYSE:EVH) last posted its earnings results on Monday, August 7th. The technology company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). Evolent Health had a negative return on equity of 6.44% and a negative net margin of 17.57%. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $104.45 million. During the same quarter in the prior year, the business earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 89.9% on a year-over-year basis. Analysts forecast that Evolent Health, Inc will post ($0.41) earnings per share for the current fiscal year.

In related news, CEO Frank J. Williams sold 16,300 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $23.73, for a total transaction of $386,799.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steve Wigginton sold 6,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.64, for a total value of $147,840.00. The disclosure for this sale can be found here. Insiders have sold 64,507 shares of company stock worth $1,631,054 in the last three months. 8.79% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Evolent Health during the second quarter worth approximately $635,000. Castleark Management LLC acquired a new stake in Evolent Health during the second quarter worth approximately $14,299,000. California State Teachers Retirement System grew its position in Evolent Health by 116.8% during the second quarter. California State Teachers Retirement System now owns 68,315 shares of the technology company’s stock worth $1,732,000 after buying an additional 36,800 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Evolent Health by 123.6% during the second quarter. The Manufacturers Life Insurance Company now owns 30,005 shares of the technology company’s stock worth $760,000 after buying an additional 16,587 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Evolent Health by 492.2% during the second quarter. Cubist Systematic Strategies LLC now owns 82,874 shares of the technology company’s stock worth $2,101,000 after buying an additional 68,880 shares in the last quarter. 82.51% of the stock is currently owned by institutional investors and hedge funds.

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About Evolent Health

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.

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