eHealth, Inc. (NASDAQ:EHTH) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, July 19th.
EHTH has been the topic of several other reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $15.00 target price on shares of eHealth in a research note on Thursday, March 23rd. Jefferies Group LLC boosted their price target on shares of eHealth from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, May 11th. Zacks Investment Research cut shares of eHealth from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, TheStreet upgraded shares of eHealth from a “d+” rating to a “c” rating in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.25.
Shares of eHealth (NASDAQ EHTH) traded down 4.98% during midday trading on Wednesday, hitting $17.55. The company had a trading volume of 666,795 shares. The firm has a market capitalization of $323.46 million, a P/E ratio of 30.84 and a beta of 1.60. The stock has a 50 day moving average price of $18.51 and a 200 day moving average price of $14.54. eHealth has a 1-year low of $6.38 and a 1-year high of $19.53.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.75) by $0.17. eHealth had a negative return on equity of 5.70% and a negative net margin of 3.44%. The business had revenue of $28 million for the quarter, compared to analysts’ expectations of $29.25 million. During the same period in the previous year, the company earned $0.09 earnings per share. eHealth’s quarterly revenue was down 24.9% on a year-over-year basis. On average, equities analysts anticipate that eHealth will post ($1.01) EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in EHTH. Comerica Bank increased its stake in eHealth by 5.9% in the fourth quarter. Comerica Bank now owns 17,737 shares of the financial services provider’s stock valued at $221,000 after buying an additional 989 shares during the period. State Street Corp increased its stake in eHealth by 6.3% in the fourth quarter. State Street Corp now owns 350,109 shares of the financial services provider’s stock valued at $3,725,000 after buying an additional 20,695 shares during the period. Dimensional Fund Advisors LP increased its stake in eHealth by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,665 shares of the financial services provider’s stock valued at $6,269,000 after buying an additional 19,629 shares during the period. Renaissance Technologies LLC increased its stake in eHealth by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 789,500 shares of the financial services provider’s stock valued at $8,408,000 after buying an additional 35,800 shares during the period. Finally, Two Sigma Investments LP increased its stake in eHealth by 290.7% in the fourth quarter. Two Sigma Investments LP now owns 80,674 shares of the financial services provider’s stock valued at $859,000 after buying an additional 60,023 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.
About eHealth
eHealth, Inc provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a private health insurance exchange where individuals, families and small businesses can compare health insurance products from various insurers side-by-side, and purchase and enroll in coverage online through its Websites (www.eHealth.com, www.eHealthInsurance.com, www.eHealthMedicare.com, www.Medicare.com and www.PlanPrescriber.com) or telephonically through its customer care centers.
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