Evolent Health - EVH Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Evolent Health in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EVH shares.
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8 equities research analysts have issued 12 month price objectives for Evolent Health's stock. Their EVH share price forecasts range from $37.00 to $55.00. On average, they predict the company's share price to reach $46.38 in the next year. This suggests a possible upside of 31.8% from the stock's current price.
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Evolent Health's stock was trading at $27.67 at the start of the year. Since then, EVH shares have increased by 27.1% and is now trading at $35.18.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Evolent Health, Inc. (NYSE:EVH) posted its quarterly earnings results on Wednesday, November, 3rd. The technology company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.05. The technology company had revenue of $222.47 million for the quarter, compared to the consensus estimate of $226.18 million. Evolent Health had a negative net margin of 2.63% and a positive trailing twelve-month return on equity of 0.41%. During the same quarter in the prior year, the firm earned ($0.07) EPS.

Evolent Health issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.32 billion-$1.36 billion, compared to the consensus revenue estimate of $1.22 billion.

12 employees have rated Evolent Health Chief Executive Officer Seth Blackley on Glassdoor.com. Seth Blackley has an approval rating of 100% among the company's employees. This puts Seth Blackley in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Evolent Health investors own include CA (CA), BlackRock (BLK), Universal Insurance (UVE), Endologix (ELGX), Advanced Micro Devices (AMD), Energy Transfer (ET), Chipotle Mexican Grill (CMG), Ford Motor (F), Cisco Systems (CSCO) and Heron Therapeutics (HRTX).

(EVH) raised $150 million in an IPO on Friday, June 5th 2015. The company issued 10,000,000 shares at $14.00-$16.00 per share. J.P. Morgan and Goldman Sachs acted as the underwriters for the IPO and Wells Fargo Securities, William Blair, SunTrust Robinson Humphrey and Leerink Partners were co-managers.

Evolent Health trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVH."

Evolent Health's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Loomis Sayles & Co. L P (2.74%), Victory Capital Management Inc. (0.50%), Lisanti Capital Growth LLC (0.31%), Swiss National Bank (0.20%), Mckinley Capital Management LLC Delaware (0.13%) and Truist Financial Corp (0.12%). Insiders that own company stock include Cheryl Scott, Doug S Aron, Frank J Williams, Frank J Williams, Jonathan Weinberg, Kenneth A Samet, Seth Blackley, Simon Maisey and Steve Tutewohl.
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Shares of EVH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EVH stock can currently be purchased for approximately $35.18.

Evolent Health (NYSE:EVH) has a market capitalization of $3.22 billion and generates $907.96 million in revenue each year. The technology company earns $-37,600,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis.

The company employs 3,500 workers across the globe.

Evolent Health's mailing address is 800 NORTH GLEBE RD SUITE 500, ARLINGTON VA, 22203. The official website for the company is www.evolenthealth.com. The technology company can be reached via phone at (571) 389-6000, via email at investorrelations@evolenthealth.com, or via fax at 571-389-6001.