TheStreet upgraded shares of eHealth, Inc. (NASDAQ:EHTH) from a d+ rating to a c rating in a research note issued to investors on Monday, October 16th.
A number of other research analysts have also weighed in on EHTH. BidaskClub lowered eHealth from a hold rating to a sell rating in a research report on Thursday, August 3rd. Cantor Fitzgerald reiterated a buy rating and set a $20.00 target price on shares of eHealth in a research note on Thursday, July 27th. Zacks Investment Research upgraded eHealth from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Finally, Jefferies Group LLC reiterated a hold rating and set a $18.00 target price on shares of eHealth in a research note on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $22.67.
eHealth (NASDAQ:EHTH) traded up 3.627% on Monday, hitting $22.715. The company had a trading volume of 103,971 shares. The firm’s market capitalization is $421.02 million. The firm has a 50-day moving average price of $23.81 and a 200-day moving average price of $19.14. eHealth has a 12-month low of $6.38 and a 12-month high of $25.83.
eHealth (NASDAQ:EHTH) last announced its earnings results on Thursday, October 26th. The financial services provider reported ($0.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.73) by ($0.25). eHealth had a negative return on equity of 65.62% and a negative net margin of 61.74%. The firm had revenue of $26.62 million during the quarter, compared to the consensus estimate of $25.55 million. During the same period in the prior year, the company posted ($0.23) EPS. The firm’s revenue was down 17.0% on a year-over-year basis. On average, equities research analysts anticipate that eHealth will post ($0.94) earnings per share for the current fiscal year.
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In other news, Director Jack L. Oliver III sold 14,745 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $862,586.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund lifted its position in eHealth by 1.3% during the second quarter. Texas Permanent School Fund now owns 12,245 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 160 shares in the last quarter. Ameriprise Financial Inc. lifted its position in eHealth by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 87,360 shares of the financial services provider’s stock valued at $1,642,000 after purchasing an additional 490 shares in the last quarter. Comerica Bank lifted its position in eHealth by 3.6% during the first quarter. Comerica Bank now owns 18,381 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 644 shares in the last quarter. Principal Financial Group Inc. lifted its position in eHealth by 0.6% during the second quarter. Principal Financial Group Inc. now owns 127,571 shares of the financial services provider’s stock valued at $2,398,000 after purchasing an additional 705 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in eHealth by 1.4% during the second quarter. Parametric Portfolio Associates LLC now owns 60,855 shares of the financial services provider’s stock valued at $1,144,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 90.21% 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.
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