eHealth, Inc. (NASDAQ:EHTH) Forecasted to Post Q3 2017 Earnings of ($0.91) Per Share

eHealth, Inc. (NASDAQ:EHTH) – Analysts at William Blair boosted their Q3 2017 EPS estimates for eHealth in a note issued to investors on Monday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of ($0.91) for the quarter, up from their previous forecast of ($0.93). William Blair also issued estimates for eHealth’s Q4 2017 earnings at ($1.56) EPS, FY2017 earnings at ($1.56) EPS, Q2 2018 earnings at ($0.45) EPS, Q3 2018 earnings at ($0.47) EPS, Q4 2018 earnings at ($1.18) EPS and FY2018 earnings at ($1.16) EPS.

eHealth (NASDAQ:EHTH) last released its earnings results on Thursday, July 27th. The financial services provider reported ($0.92) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.75) by $0.17. eHealth had a negative net margin of 3.44% and a negative return on equity of 5.64%. The business had revenue of $28 million for the quarter, compared to analyst estimates of $29.25 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 24.9% on a year-over-year basis.

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A number of other research firms have also recently issued reports on EHTH. BidaskClub cut eHealth from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded eHealth from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, July 12th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 target price on shares of eHealth in a research report on Thursday, May 11th. Finally, TheStreet upgraded eHealth from a “d+” rating to a “c” rating in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.25.

eHealth (NASDAQ:EHTH) opened at 17.73 on Thursday. The firm’s 50-day moving average is $18.45 and its 200-day moving average is $14.64. eHealth has a 52-week low of $6.38 and a 52-week high of $19.53. The firm’s market capitalization is $327.67 million.

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in shares of eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock worth $143,000 after buying an additional 3,650 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock worth $156,000 after buying an additional 1,289 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of eHealth by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 16,765 shares of the financial services provider’s stock worth $202,000 after buying an additional 2,530 shares during the last quarter. Comerica Bank raised its stake in shares of eHealth by 3.6% in the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock worth $216,000 after buying an additional 644 shares during the last quarter. Finally, Texas Permanent School Fund raised its stake in shares of eHealth by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock worth $230,000 after buying an additional 160 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jack L. Oliver III sold 14,745 shares of eHealth stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total transaction of $247,568.55. Following the sale, the director now directly owns 51,375 shares of the company’s stock, valued at $862,586.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.22% of the company’s stock.

eHealth Company Profile

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.