Evolent Health Inc (EVH) Short Interest Update

Evolent Health Inc (NYSE:EVH) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 13,347,473 shares, a decline of 24.3% from the October 31st total of 17,633,685 shares. Currently, 20.7% of the company’s shares are sold short. Based on an average trading volume of 3,770,134 shares, the short-interest ratio is presently 3.5 days.

Shares of Evolent Health (EVH) opened at $12.85 on Monday. Evolent Health has a 52-week low of $10.30 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.34 and a quick ratio of 3.34.

Evolent Health (NYSE:EVH) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.04. The business had revenue of $107.90 million for the quarter, compared to analysts’ expectations of $104.49 million. Evolent Health had a negative net margin of 15.86% and a negative return on equity of 5.05%. The firm’s revenue was up 79.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.26) EPS. research analysts forecast that Evolent Health will post -0.57 EPS for the current year.

EVH has been the subject of several research analyst reports. BidaskClub lowered shares of Evolent Health from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Cowen reissued an “outperform” rating and issued a $29.00 price target (down previously from $33.00) on shares of Evolent Health in a report on Friday, October 6th. SunTrust Banks reissued a “buy” rating and issued a $30.00 price target on shares of Evolent Health in a report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and issued a $28.00 price target on shares of Evolent Health in a report on Wednesday, September 6th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Evolent Health in a report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $28.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. ETF Managers Group LLC bought a new stake in Evolent Health in the 2nd quarter valued at $102,000. BNP Paribas Arbitrage SA lifted its position in Evolent Health by 815.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,751 shares of the technology company’s stock valued at $120,000 after acquiring an additional 4,232 shares in the last quarter. SG Americas Securities LLC bought a new stake in Evolent Health in the 3rd quarter valued at $156,000. IPG Investment Advisors LLC bought a new stake in Evolent Health during the 3rd quarter worth about $195,000. Finally, First Mercantile Trust Co. bought a new stake in Evolent Health during the 2nd quarter worth about $198,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.

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Evolent Health Company Profile

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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