Evolent Health, Inc. EVH was a big mover last session, as its shares rose almost 20% on the day. The move came on the back of the company’s agreement with Valence Health, Inc. to buy the majority of Valence Health's business for about $145 million. The company also indicated that it would meet or top its guidance for the second quarter, as well as, fiscal year 2016. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.20 to $19.20 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Evolent Health currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
EVOLENT HEALTH Price
EVOLENT HEALTH Price | EVOLENT HEALTH Quote
A better-ranked stock in the internet software space is Box, Inc. BOX, which sports a Zacks Rank #1 (Strong Buy).
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