Everyday Health Inc. (EVDY) Position Reduced by Essex Investment Management Co. LLC

Everyday Health Inc. (EVDY) Position Reduced by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC reduced its position in shares of Everyday Health Inc. (NYSE:EVDY) by 2.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,979 shares of the company’s stock after selling 2,666 shares during the period. Essex Investment Management Co. LLC owned 0.35% of Everyday Health worth $815,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EVDY. Panagora Asset Management Inc. bought a new position in shares of Everyday Health during the second quarter valued at $102,000. American International Group Inc. raised its position in shares of Everyday Health by 28.9% in the second quarter. American International Group Inc. now owns 16,304 shares of the company’s stock valued at $128,000 after buying an additional 3,659 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of Everyday Health during the second quarter valued at $157,000. Parametric Portfolio Associates LLC raised its position in shares of Everyday Health by 17.8% in the second quarter. Parametric Portfolio Associates LLC now owns 21,348 shares of the company’s stock valued at $168,000 after buying an additional 3,232 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Everyday Health during the second quarter valued at $172,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Everyday Health Inc. (NYSE:EVDY) opened at 10.50 on Friday. Everyday Health Inc. has a 52-week low of $3.71 and a 52-week high of $10.50. The company’s 50-day moving average is $10.25 and its 200-day moving average is $8.34.

Several equities analysts have recently weighed in on the stock. Leerink Swann set a $11.00 price objective on shares of Everyday Health and gave the company a “hold” rating in a research report on Tuesday, November 8th. Zacks Investment Research lowered shares of Everyday Health from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. TheStreet raised shares of Everyday Health from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. SunTrust Banks, Inc. lowered shares of Everyday Health from a “buy” rating to a “hold” rating and dropped their price objective for the company from $12.00 to $10.50 in a research report on Monday, October 24th. Finally, Credit Suisse Group lowered shares of Everyday Health from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $10.50 in a research report on Monday, October 24th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.90.

In other Everyday Health news, VP Alan Shapiro sold 151,245 shares of Everyday Health stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $10.45, for a total transaction of $1,580,510.25. Following the transaction, the vice president now directly owns 64,988 shares of the company’s stock, valued at approximately $679,124.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Cooper sold 123,983 shares of Everyday Health stock in a transaction on Monday, November 14th. The stock was sold at an average price of $10.45, for a total transaction of $1,295,622.35. Following the transaction, the executive vice president now directly owns 212,209 shares in the company, valued at $2,217,584.05. The disclosure for this sale can be found here. 19.80% of the stock is owned by insiders.

Everyday Health Company Profile

Everyday Health, Inc, formerly Waterfront Media Inc, operates a digital marketing and communications platform for healthcare marketers that want to engage with consumers and healthcare professionals. The Company’s platform combines content from brands, data and analytics. The Company’s segment is providing digital health marketing and communications solutions.

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