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EVH

Evolent Health

$14.96

-1.81 (-10.79%)

09:14
02/20/19
02/20
09:14
02/20/19
09:14

William Blair cautious on Evolent into Q2 results, sees risk to guidance

Early enrollment in Florida Medicaid plans run by Evolent Health's partners is trending behind expectations, likely putting risk to the company's 2019 outlook, William Blair analyst Ryan Daniels tells investors in a research note. The analyst also believes MDwise was required to move certain claims administration functions in-house, following its acquisition by McLaren Health, with the move beginning on January 1, 2019. This could also impact Evolent's 2019 outlook, as this was a fairly sizable contact, adds the analyst. These two factors make Daniels cautious on the stock heading into next week's Q2 results. He keeps an Outperform rating on Evolent Health shares.

EVH Evolent Health
$14.96

-1.81 (-10.79%)

01/08/19
PIPR
01/08/19
NO CHANGE
PIPR
Overweight
Piper survey finds 'remarkable increase' in receptivity to telemedicine
Piper Jaffray analyst Sean Wieland says his firm's third annual consumer healthcare survey reveals a "remarkable increase" in consumer receptivity to telemedicine. The likelihood of someone choosing telemedicine has doubled year-over-year to 61% versus 28%, and half of consumers suggest they would consider a virtual behavioral therapist, Wieland tells investors in a research note. Even the 65 and over population is warming up to telemedicine, says the analyst. He reiterates an Overweight rating on Teladoc (TDOC). Wieland also believes Evolent Health (EVH) and Cerner (CERN) are well positioned for this trend.
01/14/19
ADAM
01/14/19
NO CHANGE
Target $25
ADAM
Buy
Evolent Health weakness a buying opportunity, says Canaccord
Canccord analyst Richard Closes said the recent weakness in Evolent Health is a buying opportunity as the long-term outlook remains favorable. The analyst cited positive commentary by regulators on the need to transition from fee-for-service reimbursement to value-based care payment models. He also noted management commentary at the JP Morgan conference last week on headwinds the company will be encountering in 2019 and he lowered his estimates accordingly. Close reiterated his Buy rating and lowered his price target to $25 from $28 on Evolent Health shares.
01/31/19
PIPR
01/31/19
NO CHANGE
Target $33
PIPR
Overweight
Evolent relationship with Passport Health going well, says Piper Jaffray
An article last week from Insider Louisville reported on the financial challenges of Passport Health and pinned the blame on Evolent Health (EVH), Piper Jaffray analyst Sean Wieland tells investors in a research note. The article, titled "Passport's finances being dragged down by $220M in 'management fees' to Evolent Health," suggests Evolent is largely to blame for Passport's financial challenges, explains the analyst. However, after catching up with Mark Carter, CEO of Passport Health, Wieland learned that the Evolent Health relationship is going well and meeting objectives. While Passport is wrangling with regulators over capitation rates, the issue is not tied to the Evolent relationship, the analyst notes. He lowered his price target for Evolent Health to $33 from $34 and keeps an Overweight rating on the name.
02/19/19
PIPR
02/19/19
NO CHANGE
Target $33
PIPR
Overweight
Piper says Evolent Health guidance may be at risk, but shares likely oversold
After Evolent Health's largest client, Passport Health Plan, reportedly claimed in a lawsuit that Kentucky rate cuts have affected it so dramatically that the Medicaid managed care company could be insolvent by March, Piper Jaffray analyst Sean Wieland noted that Passport represents about $80M in revenues for Evolent. If it is assumed that Evolent loses Passport as a client, Wieland believes Evolent's 2019 guidance is at risk. However, he also estimates that losing the contract entirely would amount to a $3 per share impact to valuation, stating that Evolent shares are likely oversold on the lawsuit news. Wieland keeps an Overweight rating on Evolent Health shares, which are down 7%, or $1.25, to $15.56 in afternoon trading.

TODAY'S FREE FLY STORIES

SCVL

Shoe Carnival

$33.03

0.18 (0.55%)

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FQVLF

First Quantum Minerals

$0.00

(0.00%)

17:06
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17:06
Periodicals
First Quantum Minerals seeing takeover interest, Bloomberg reports »

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GVP

GSE Systems

$1.75

0.06 (3.55%)

17:05
09/19/19
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17:05
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17:05
Syndicate
GSE Systems requests withdrawal of registration statement »

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JWN

Nordstrom

$32.15

-0.46 (-1.41%)

17:01
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17:01
Hot Stocks
Nordstrom names Kenneth Worzel as new COO »

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AOBC

American Outdoor Brands

$6.04

-0.13 (-2.11%)

, RGR

Sturm, Ruger

$42.84

-0.28 (-0.65%)

16:59
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Hot Stocks
Gun maker Colt to stop making AR-15s and other long guns for the civilian market »

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AOBC

American Outdoor Brands

$6.04

-0.13 (-2.11%)

RGR

Sturm, Ruger

$42.84

-0.28 (-0.65%)

VSTO

Vista Outdoor

$6.47

-0.105 (-1.60%)

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ARNC

Arconic

$27.14

-0.17 (-0.62%)

16:55
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16:55
Hot Stocks
Arconic to sell forgings business in U.K. to Aero Forgings for roughly $62M »

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  • 05

    Nov

DOVA

Dova Pharmaceuticals

$16.00

0.5 (3.23%)

, RIGL

Rigel Pharmaceuticals

$1.71

0.015 (0.89%)

16:55
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09/19
16:55
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16:55
Conference/Events
Wedbush biotech analysts to hold a dinner meeting »

Biotech Analysts…

DOVA

Dova Pharmaceuticals

$16.00

0.5 (3.23%)

RIGL

Rigel Pharmaceuticals

$1.71

0.015 (0.89%)

ARGX

Argenx

$126.44

-0.94 (-0.74%)

MNTA

Momenta

$13.35

-0.14 (-1.04%)

AMGN

Amgen

$195.64

0.67 (0.34%)

NVS

Novartis

$86.39

0.09 (0.10%)

ALNY

Alnylam

$84.68

-0.87 (-1.02%)

03/08/13
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  • 02

    Oct

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    Oct

  • 04

    Feb

BYND

Beyond Meat

$155.04

1.31 (0.85%)

, TSLA

Tesla

$246.51

3.08 (1.27%)

16:48
09/19/19
09/19
16:48
09/19/19
16:48
Hot Stocks
Beyond Meat names Sanjay Shah COO »

Beyond Meat (BYND)…

BYND

Beyond Meat

$155.04

1.31 (0.85%)

TSLA

Tesla

$246.51

3.08 (1.27%)

AMZN

Amazon.com

$1,822.21

4.21 (0.23%)

03/08/13
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  • 23

    Sep

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    Oct

  • 12

    Nov

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:40
09/19/19
09/19
16:40
09/19/19
16:40
Earnings
SMTC Corp. guides initial FY20 revenue $390M-$410M, two estimate $421.85M »

Guides initial FY20…

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  • 12

    Nov

CLXT

Calyxt

$6.97

-0.2 (-2.79%)

16:40
09/19/19
09/19
16:40
09/19/19
16:40
Hot Stocks
Calyxt signs seed agreement with Landus Cooperative in Iowa »

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  • 25

    Sep

SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:39
09/19/19
09/19
16:39
09/19/19
16:39
Earnings
SMTC Corp to exit China operations, cuts FY19 revenue view to $354M-$362M »

Two estimates $392.79M. …

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  • 12

    Nov

ACRGF

Acreage Holdings

$0.00

(0.00%)

16:36
09/19/19
09/19
16:36
09/19/19
16:36
Initiation
Acreage Holdings initiated  »

Acreage Holdings…

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SMTX

SMTC Corp.

$2.96

0.16 (5.71%)

16:36
09/19/19
09/19
16:36
09/19/19
16:36
Hot Stocks
Breaking Hot Stocks news story on SMTC Corp. »

SMTC Corp to exit China…

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  • 12

    Nov

16:35
09/19/19
09/19
16:35
09/19/19
16:35
General news
Money Supply M2 Weekly Change data reported »

Week of 9/9 Money Supply…

16:35
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General news
Fed Balance Sheet Level data reported »

Week of 9/18 Fed Balance…

FSLR

First Solar

$67.09

1.32 (2.01%)

16:35
09/19/19
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16:35
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16:35
Hot Stocks
First Solar transitions to leveraging third-party EPC services »

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HEXO

HEXO Corp

$3.94

-0.175 (-4.25%)

16:35
09/19/19
09/19
16:35
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16:35
Initiation
HEXO Corp initiated  »

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  • 12

    Nov

CURLF

Curaleaf Holdings

$0.00

(0.00%)

16:34
09/19/19
09/19
16:34
09/19/19
16:34
Initiation
Curaleaf Holdings initiated  »

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  • 14

    Nov

CHNR

China Natural Resources

$2.53

0.13 (5.42%)

16:34
09/19/19
09/19
16:34
09/19/19
16:34
Syndicate
Breaking Syndicate news story on China Natural Resources »

China Natural Resources…

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KEY

KeyCorp

$18.04

-0.18 (-0.99%)

16:32
09/19/19
09/19
16:32
09/19/19
16:32
Hot Stocks
KeyCorp CEO Beth Mooney to retire »

KeyCorp announced that…

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  • 17

    Oct

ASA

ASA Limited

$12.56

0.25 (2.03%)

16:31
09/19/19
09/19
16:31
09/19/19
16:31
Hot Stocks
ASA Limited reports NAV positive 59.4% for 9 months ended August 31 »

ASA Gold and Precious…

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16:30
09/19/19
09/19
16:30
09/19/19
16:30
Options
Preliminary option volume of 20.3M today »

Preliminary option volume…

NDLS

Noodles & Company

$5.92

-0.05 (-0.84%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
Hot Stocks
Noodles & Company names Jeffrey Jones as board chairman »

Noodles & Company…

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TLRY

Tilray

$29.91

-0.59 (-1.93%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
Initiation
Tilray initiated  »

Tilray initiated with a…

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  • 24

    Sep

MSFT

Microsoft

$141.08

2.55 (1.84%)

, TGT

Target

$107.84

0.92 (0.86%)

16:29
09/19/19
09/19
16:29
09/19/19
16:29
On The Fly
Fly Intel: Wall Street's top stories for Thursday »

Stocks spent the morning…

MSFT

Microsoft

$141.08

2.55 (1.84%)

TGT

Target

$107.84

0.92 (0.86%)

MO

Altria Group

$40.12

-0.72 (-1.76%)

PM

Philip Morris

$71.70

0.12 (0.17%)

GE

General Electric

$9.41

0.03 (0.32%)

CBPO

China Biologic

$113.97

10.78 (10.45%)

MLHR

Herman Miller

$45.05

0.57 (1.28%)

X

U.S. Steel

$11.06

-1.39 (-11.16%)

GRUB

GrubHub

$60.54

-3.245 (-5.09%)

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