BidaskClub lowered shares of eHealth, Inc. (NASDAQ:EHTH) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Several other analysts also recently weighed in on the company. TheStreet upgraded eHealth from a d+ rating to a c rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded eHealth from a hold rating to a strong-buy rating and set a $20.00 price target on the stock in a research note on Tuesday, May 9th. Cantor Fitzgerald reaffirmed a buy rating and issued a $20.00 price objective on shares of eHealth in a research report on Thursday, May 11th. Finally, Jefferies Group LLC upped their price objective on eHealth from $15.00 to $20.00 and gave the company a hold rating in a research report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. eHealth presently has an average rating of Hold and a consensus price target of $18.25.
eHealth (EHTH) traded up 3.32% on Thursday, hitting $17.73. The stock had a trading volume of 94,377 shares. The company’s market cap is $327.67 million. eHealth has a 1-year low of $6.38 and a 1-year high of $19.53. The stock has a 50 day moving average price of $18.45 and a 200 day moving average price of $14.64.
eHealth (NASDAQ:EHTH) last posted its quarterly 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. The company had revenue of $28 million during the quarter, compared to analysts’ expectations of $29.25 million. eHealth had a negative return on equity of 5.64% and a negative net margin of 3.44%. The business’s quarterly revenue was down 24.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. On average, equities research analysts expect that eHealth will post ($0.94) EPS for the current fiscal year.
In related news, Director Jack L. Oliver III sold 14,745 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $16.79, for a total value of $247,568.55. Following the transaction, the director now directly owns 51,375 shares of the company’s stock, valued at approximately $862,586.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.22% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EHTH. BNP Paribas Arbitrage SA boosted its position in eHealth by 92.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,611 shares of the financial services provider’s stock valued at $143,000 after buying an additional 3,650 shares during the period. Texas Permanent School Fund boosted its position in eHealth by 1.3% in the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock valued at $230,000 after buying an additional 160 shares during the period. OppenheimerFunds Inc. boosted its position in eHealth by 11.1% in the first quarter. OppenheimerFunds Inc. now owns 12,891 shares of the financial services provider’s stock valued at $156,000 after buying an additional 1,289 shares during the period. State of Tennessee Treasury Department boosted its position in 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 valued at $202,000 after buying an additional 2,530 shares during the period. Finally, Comerica Bank boosted its position 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. 93.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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